Currency Derivatives

Tradition-ICAP was formed in July 2000 by the merger of the OTC FX Options divisions of the TFS Group and ICAP plc. Tradition-ICAP has offices in New York, London, Frankfurt, Copenhagen, Sydney, Tokyo and Singapore.

Tradition-ICAP conducts its business as an independent intermediary in OTC FX Options. In November 2001, the company integrated the Volbroker system into its currency options business. This created an interdealer broking consortium that combines the strengths of voice-brokered liquidity together with the market's leading FX Options electronic broking platform.

The Volbroker platform was designed by traders for traders, and is used by banks all over the world. A list of banks involved in its creation can be viewed on the Volbroker Partner Banks page: (

To request more information, please visit, contact the desks at the below numbers, or send an email to


Frankfurt: +49 69 205 000 +49 69 283 616
London: +44 (0) 20 7198 1500
New York: +1 212 238 5994
Singapore: +65 6226 2323
Sydney: +61 2 8076 8060