Interdealer broker ICAP, is undergoing a period of dramatic restructuring across its financial futures division, embarking on a cost cutting mission that will see its desk head, Gary Pettit part ways with the broker.
The financial industry as a whole has felt the bitter pinch of waning volumes and revenues during various stages of 2014, with ICAP being no exception. Roughly one week ago, the broker also lost its .
Mr. Pettit has been the Global Head of Financial Futures and Options at ICAP since December 2011. Prior to joining ICAP, he worked in a similar role at MF Global for over 12 years, along with other senior futures roles.
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