ICAP CEO Spencer on Tullett Deal, Trump, and Brexit

The video discusses the euro interest rate swaps desk, a significant part of the business where Michael Spencer started his career. It covers the transition timeline for the TP ICAP deal, highlighting the move of the global voice broking business. The discussion shifts to market volatility, influenced by political events like Donald Trump's presidency, and economic predictions for 2017. The impact of political uncertainties, such as Brexit and protectionism, on global markets and trade is analyzed. The video concludes with insights into Brexit's effects on financial services and the UK economy.

What is the primary focus of the euro interest rate swaps desk?

• Cryptocurrency trading

• Multinational business operations

• Real estate investments

• Retail banking

What percentage of TP ICAP shares will ICAP shareholders receive?

• 56%

• 45%

• 60%

• 70%

How has Donald Trump's presidency announcement affected market volatility?

• Decreased volatility

• No change in volatility

• Increased volatility

• Volatility stabilized

What is expected to happen to the yield curve for the first time in eight years?

• It will flatten

• It will steepen

• It will remain unchanged

• It will invert

Which political events are expected to influence market dynamics in 2017?

• US midterm elections

• French and German elections

• Canadian elections

• Australian elections

What is the potential impact of protectionist policies on global trade?

• Facilitate global trade

• No impact on global trade

• Hinder global trade

• Enhance global trade

What is the significance of financial services to the UK economy?

• Largest taxpayer sector

• Equal to agriculture in tax contribution

• Insignificant to the economy

• Minor contributor to tax revenue