Story below stating ICAP being in an acquisitive mood as their e-trading volumes continue to grow.

What’s to stop ICAP buying a B2C like TradeWeb? MTS have BondVision for example.

Would the banks be concerned? Too expensive? I’d like to see the likes of ICAP add value to the B2C market. It will have to happen if we are to move towards an exchange model where inter-bank & bank to buyside barriers no longer exist.