ICAP IL India Private Limited (ICAP India) is one of India's foremost wholesale market intermediaries, provider of market infrastructure and data exclusively serving institutional participants since 1994. Headquartered in Mumbai and backed by TP ICAP Group plc- a global leader in wholesale financial markets across 30+ countries, ICAP India brings international best practices and deep domestic expertise to every transaction.

Over three decades, ICAP India has built a market-leading franchise across India's most critical financial markets:

1) Government Securities - Facilitating deep liquidity and efficient execution across the sovereign yield curve for banks, insurance companies, mutual funds, and primary dealers.

2) Corporate Debt and Credit - Institutional intermediation across corporate bonds and fixed income instruments, driving transparency and strengthening secondary market liquidity.

3) Foreign Exchange - Providing institutional liquidity across spot, forwards, and currency derivatives for both onshore and offshore INR participants.

4) Interest Rate Derivatives - Market-leading capabilities in INR swaps, OIS, FRAs, currency swaps, and structured products, supporting risk management and sophisticated trading strategies.

i-Stream, ICAP India's proprietary electronic OTC trading platform, serves as a key venue for real-time price discovery in interest rate derivatives and FX fixing markets, including OIS and Mod-MIFOR. The platform delivers direct market access, real-time transparency, and seamless electronic execution for institutional participants.

ICAP India continues to shape liquidity, price discovery, and execution standards across India's fixed income, foreign exchange, and derivatives markets, reinforcing its position as a trusted partner to the country's most sophisticated institutional community.

ICAP India

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ICAP India

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