Icap, an inter-dealer broker and supplier of post-trade services, has received final regulatory approval and will complete the acquisition of the remaining 61.78 per cent of stock in TriOptima on 24 March 2010.

The acquisition was announced on 5 February 2010. A total initial payment of approximately SEK1,074m is payable in cash, which will be financed from Icap’s existing debt facilities.

TriOptima will join a number of other companies in Icap’s newly formed post trade risk division.

“Icap has been developing a post-trade risk and information business to provide innovative services that enable our customers to reduce their costs and risks and increase their efficiency," says Mark Beeston, director of business development for the post trade risk division at Icap. "Establishing a formal division of the company will enable us to maximise the potential of these businesses whilst preserving the entrepreneurial cultures of the individual companies."

Brian Meese (pictured), TriOptima’s chief executive officer, adds: "By joining Icap’s post trade risk division TriOptima will be able to more rapidly expand the range of post-trade and risk management services we provide and to broaden our customer base. In today’s changing regulatory environment there are exciting new high growth opportunities in risk management allied with technology innovation.”