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Industry news

PASLA welcomes ICAP as new member


17 January 2025 UK
Reporter: Daniel Tison

Generic business image for news article
Image: Suwanlee/stock.adobe.com
ICAP has joined the Pan Asia É«»¨ÌÃLending Association (PASLA) as a Prime Lite member.

As a global intermediary in the financial, energy, and commodities markets, ICAP specialises in facilitating and executing trades on behalf of the wholesale market participants, with the aim of helping to ensure efficient and liquid markets.

It currently operates in 22 countries, covering all major asset classes and instruments.

It was formed in 1999 by the merger of Garban and Intercapital — bringing together Garban’s government and corporate bonds, interest rate products, and money market instruments with Intercapital’s interest rate swaps and options, commodity swaps, liquid securities, and FX options.

PASLA’s Prime Lite membership is specifically aimed at securities houses, participating dealers, inter-dealer brokers, and prime brokers that operate in a single market within Asia Pacific.
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