The two currencies are now available as an electronically tradable currency pair on the global EBS foreign exchange trading platform, which is used by more than 2,500 traders around the globe.
The decision to launch the new currency pair follows demand from FX traders and comes one month after the launch of a New Zealand and US dollar pair on EBS, which enabled traders to view the New Zealand dollar tradable pairs alongside the other major dollar, euro and yen currency pairs, and precious metals, on the same screen.
Icap has a strong presence in the Australasia and Asia regions, with a major share of the key yen market and offices in Wellington, Sydney, Singapore, Tokyo and Hong Kong.
