London, New York, 10 December 2009 

ICAP plc (IAP.L), the world’s premier interdealer broker, has expanded its base metals broking business and opened a New York sales desk with the hire of Marc Carozza. Marc previously worked for Bear Stearns and Calyon Financial. 

ICAP began broking London Metal Exchange ( LME) base metals in January 2009, with a Category Two membership of the LME, and is now a leading broker in futures and options on LME metals contracts.

Robert Rees, Managing Director, Global Base Metals, said: “We are focused on extending our global reach in base metals and building on the successes of our London based business.”

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