ICAP bags Traiana to grow market share

The London-based interdealer broker ICAP has signed an agreement to acquire Traiana, a provider of automated post-trade processing services to banks, broker/dealers, buy-side firms and e-trading platforms. ICAP says that post-trade service is an area where innovation is creating new business opportunities and as a broker it is an important area of focus to grow market share. More efficiency in this area increases the velocity and volume of trading and facilitates the adoption of electronic t