ICAP Testing Trades In Greek Drachma Against Dollar, Euro - Executives

Discussion in 'Wall St. News' started by ASusilovic, Nov 28, 2011.

  1. NEW YORK (Dow Jones)--ICAP Plc is preparing its electronic trading platforms for Greece's potential exit from the euro and a return to the drachma, senior executives at the inter-dealer broker said Sunday.

    ICAP is the latest firm to disclose such preparations, joining the growing ranks of banks, governments and other key players in the global financial system whose officials are worried enough about the stability of the common currency to be making contingency plans for a possible break-up.


    Contingency plans everywhere. Even the British Foreign Office is preparing for the worst case scenario. Did they prepare also investment bankers in London for their redundancies? :cool: