ICAP Chief Executive Officer Michael Spencer

ICAP Chief Executive Officer Michael Spencer

Chris Ratcliffe/Bloomberg

ICAP Chief Executive Officer Michael Spencer said on a May 14 conference call with reporters, “We have very strict rules for our staff who work on the dollar-swap desk. So far, nothing that we have discovered in our internal investigations gives me sleepless nights, and nothing that I’ve heard externally suggests ISDAfix has been tampered with.”