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ICAP in talks to buy Plus Markets
The world’s largest interdealer broker by market capitalisation ICAP is in talks to buy Plus Markets Group the UK exchange for fledgling companies. The London-based broker has been talking to the Financial Services Authority and the Plus board about a deal that would initially preserve the quotations of the 156 companies traded on the market, according to the Financial Times. Plus Markets Group is planning to close after failing to secure a buyer, and without a deal it faces going private or seeking other trading facilities.