LONDON—Interdealer broker Icap reported a decline in its operating profits for the electronic trading division. The drop is explained by the firm running two different fixed-income trading platforms. ...

Mark Price is joining interdealer broker Icap as group COO, Financial News reports. He will succeed Mark Yallop, who is stepping down from his role. Price will be responsible for handling risk, ...

U.S. equity funds recorded a second weekly outflow in nine weeks in the week to May 20 as investors locked in profits from ‌a recent rally on caution over rising inflation and a surge in long-term ...