Icap will reduce headcount and restructure voice brokers’ compensation in the coming year as the interdealer broker sharpens its focus on electronic trading and post-trade initiatives.

The reductions were outlined by Icap chief executive Michael Spencer during the firm's full-year results presentation today.

Icap to cut headcount and restructure pay

Interdealer broker aims to combat a slump in voice trading by focusing on electronic markets, post-trade risk and information services

Anish Puaar

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