Sunday, November 27, 2011

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

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

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