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ICAP, Tradition End Fight Over Poaching of Singapore Brokers

ICAP Plc, the world’s largest broker of trades between banks, and Compagnie Financiere Tradition SA agreed to settle their dispute over 38 brokers in Singapore who defected from ICAP to its Swiss rival.

“Parties, including the individual employees involved, have managed to reach an amicable resolution of the disputes,” ICAP said in an e-mailed statement to Bloomberg News.