Icap Buys Out GovPX for $13m

FRONT PAGE: ORGANIZATION & STRATEGY

UK interdealer broker Icap is buying out the outstanding shares in GovPX, a US fixed-income and derivatives data provider, for $13 million, it was announced last week.

Icap was one of the original shareholders in GovPX, which was formed by a consortium of interdealer brokers and major bond dealers in 1990. A number of GovPX products also include Icap data.

Icap plans to run GovPX as a separate company within its information division, which is led by John Nixon, global head of the information b

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