Flair For The Drachma-tic: ICAP Preparing For Return Of Greek Currency

Tyler Durden's picture

As if we needed another reason to send the ES higher by a few more percent in the premarket session on 10 or so ES contracts, the news that ICAP is already preparing for the end of the Euro should do it:

  • ICAP Testing Trades In Greek Drachma Against Dollar, Euro
  • ICAP has reloaded old drachma templates for spot foreign exchange and derivatives (NDFs)
  • ICAP Drachma Tests Are Only Precautionary
  • Drachma Currency Pairs Not Yet Launched For Trading, May Never Be Used - Execs
  • ICAP Testing Trades In Greek Drachma Against Dollar, Euro - Executives

Via Dow Jones