Shares of interdealer broker ICAP plc (LON:IAP) have been on a steady climb since the summer, and today topped the �5.00 mark for the first time since May 2011 - marking not just a 52 week high for ICAP shares but also its best level in almost four years.
icap According to a regulatory filing by ICAP plc (LON:IAP), foreign exchange trading volumes transacted through the company's EBS platform have dropped by 5% on a monthly basis after announcing its highest volumes number this year in October.
According to a Reuters report, inter-dealer broker ICAP plc (LON:IAP) has filed a complaint with the European Ombudsman's office related to regulatory prejudice in the case of the investigation of LIBOR Japanese yen manipulation.
Shore Capital reissued their buy rating on shares of ICAP plc (LON:IAP) in a research note released on Tuesday morning. Other equities research analysts have also recently issued reports about the stock.