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Commodities Briefing - Categorized | M&A, Market Moves more

ICAP buys ICE cotton options broker; beats out rivals

Posted on 03 April 2012

ICAP Corporates has bought New York-based cotton options broker VIP Commodities, beating out bids from three other firms, as part of an expansion of its softs business.
The broker-dealer plans to move into cotton even as historic prices and volatility forced some merchants out of the market and cost others hundreds of millions of dollars in losses………………………………………..Full Article: Source


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