Haven't heard anybody mention ICAP

R

rtharp

They went belly up last month.


Small NY office with about 20 traders. I heard some were rather good.

Seems owners cut some strong deals to lure some great traders but then had absolutely no profit margin, thanthe owners took some huge risks on their own.

Now some of the traders haven't been able to get the money. I'm surprised Don has been commenting on this or anybody else.
 
ICAP kept all capital contributions and have paid out a very small portion of payouts since July. They were run very poorly and cost all of us a lot of money. Some of the traders are very good, and most all of them have gone to Andover (myself included). Firms like ICAP give other trading firms a bad name. If you never traded there, consider yourself lucky.
 
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