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ICAP Readies Drachma Trading System for Greek Exit

ICAP Plc (IAP) has set up a drachma-trading platform in anticipation of Greece leaving the euro, the Sunday Times reported, citing an interview with Chief Executive Officer Michael Spencer.
The interdealer broker is preparing and testing the foreign-exchange system, which would allow banks to make trades on the day a new currency is issued, the newspaper said. Greece’s long-term future is better suited being outside the euro, the Sunday Times cited Spencer as saying.
(source: Bloomberg)

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