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Icap buys Trioptima
Friday, February 5, 2010
Interdealer broker Icap has announced it is buying the 70% of software provider Trioptima that it does not already own. The broker is making an initial payment of €109 million in cash for the firm, which helps dealers net down their over-the-counter derivatives including credit default swaps.
Icap bought its minority stake in Trioptima in 2002, just two years after the company was founded. It says that co-founder and chief executive Brian Meese will continue to run the business.
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CFlux secondary
CLO index levels:
| Index | 6 Feb |
|
| CFlux USD AAA | ↑ | 94.9 |
| CFlux USD AA | ↓ | 81.3 |
| CFlux USD A | ↓ | 75.0 |
| CFlux USD BBB | ↑ | 74.8 |
| CFlux USD BB | ↑ |
72.1 |
| CFlux USD EQ | ↑ | 67.6 |
