RNS Number:2631U
ICAP PLC
15 January 2004





    BrokerTec prevails in patent case: Espeed denied preliminary injunction


15 January 2003

The United States District Court for the District of Delaware denied eSpeed's
request for a preliminary injunction against BrokerTec in a patent infringement
claim involving the electronic trading systems that both companies operate for
the US Treasury securities market.

The court found that "BrokerTec has raised a substantial question as to the
validity of the '580 patent." The Court also noted that "if proven BrokerTec's
claim of inequitable conduct would invalidate the entire patent."

The court also decided that "the public interest strongly outweighed any
interest eSpeed may have in obtaining a preliminary injunction". This public
concern was supported by the US Department of the Treasury.

ENQUIRIES:


ICAP plc

Ivette Collazo, Communications Director - North America     (1) 201 209 7831

Mike Sheard, Director of Corporate Affairs                 (44) 20 7574 7771

Neil Bennett, Gavin Anderson & Company                     (44) 20 7554 1400



About BrokerTec


BrokerTec was acquired by ICAP plc in May 2003. ICAP is the world's largest
voice and electronic interdealer broker. The Group is active in the wholesale
market for OTC derivatives, fixed income, money markets, futures, energy,
foreign exchange, equities and equity derivatives with daily transaction volumes
in excess of $550 billion.

Please go to www.icap.com for more information.





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