ICAP bags $65 million tech deal for China's forex trading system

(Reuters) - ICAP Plc said it won a contract to provide technology for China's main fixed income and foreign exchange trading system, giving the British broker a major break in the world's second-largest economy. ICAP, which last year agreed to merge its global hybrid voice broking business with Tullett Prebon Plc, said its electronic foreign exchange and fixed income business - EBS BrokerTec - would provide technology to China Foreign Exchange Trade System (CFETS). The deal, valued at $65 millio