ICAP will be on campus Wednesday, November 11 at 6:00pm in the Career Services Office. You will be able to meet recruiting personnel to get first-hand information on this competitive, exciting internship.

An interdealer broker acts as an intermediary and matches buyers and sellers in the wholesale financial markets, so that deals can be executed by its clients.

Interdealer brokers sit at the crossroads of wholesale financial markets, facilitating the flow of liquidity in both over the counter (OTC) and exchange transactions between commercial and investment banks and other major financial and non-financial institutions around the world. The vast majority of financial asset classes only exist in the OTC environment and consequently the efficient functioning of these markets is essential for the free flow and availability of capital, the mitigation of risk and investor choice. Access to a broker therefore offers clients significant economies of scale in terms of price discovery by having a number of professionals covering each product and being in constant contact with a range of counterparties. Deals may be transacted through traditional voice brokers, matching buyers and sellers on the phone, or through a variety of electronic trading platforms. The secret to success is to provide electronic platforms where there is demand for them and to bring technology as close to the voice trading activity as possible to improve efficiency and reduce costs. This hybrid model keeps the voice and electronic liquidity pools together.

ICAP covers a very broad range of financial products and services in interest rates, credit, commodities, foreign exchange, equities and equity derivatives and we are active in both established and emerging markets.

Our Sophomore Industry Insight program for those graduating in 2012 offers a unique opportunity to learn about interdealer broking at ICAP early in your career. Our one (1) week program offers a comprehensive overview of the world of interdealer broking with the opportunity to meet our people and start learning about our business. You`ll attend presentations; take part in interactive skills sessions, work shadowing and a social networking event. It takes place at the same that our summer interns join us so you`ll get an insight into the next possible step in your career and build a range of contacts for the future.

By the end of your time with us you`ll walk away with a clear understanding the mechanics and culture of ICAP and be able to decide if this is the right career for you. You can read more about the Industry Insight Class of 2009 in our Meet our people section.

**Please note: This position is open to Sophomores ONLY.