Risk.net

Icap shuts London weather desk

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“The European markets for these products are not developing at a fast enough rateto warrant commitment,” an Icap spokesman told EPRM. Icap’s London-based desk comprises Clive Murray, Katleen de Cock and JamesEmanuel. Icap is “consulting” with the team, which reported to PaulNewman, London-based managing director of Icap’s commodity swaps division. Although Icap has left the markets in Europe, the broker still offers US weatherand environmental products through its subsidiary APB Energy. In O