Exotix
ICAP has a dedicated capability in illiquid and distressed emerging market bonds and loans through a 60% owned subsidiary Exotix Limited (Exotix).Exotix, established in March 1999, has an extremely experienced team, with ten professionals based in London, three professionals based in New York and representative offices in Moscow, Jakarta and soon Buenos Aires.
Exotix is involved in the sale and purchase of illiquid and distressed emerging market securities (all fixed income products). The company aims to increase the transparency and liquidity of illiquid secondary market assets, primarily from the markets of Latin America, Central and Eastern Europe, South East Asia, the Middle East and Africa.
While Exotix trades mostly Euroclearable or Clearstream assets, they also trade loans, promissory notes and convertible bonds. Prices and research for clients are available on the Bloomberg page EXOL and the Exotic Limited website www.exotix.co.uk