| 03.04.2012 - ICAP buys ICE cotton options broker; beats out rivals |
| 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 |