Icap is rolling out a venture capital fund, targeting start-up companies developing technology, Financial Times reports. The Euclid Opportunities fund will provide seed capital and mentoring to early-stage companies that are developing new technology for post-trade services, such as clearing and settlement.

The fund will bridge the gap between underfunded technology innovators and the needs of stakeholders, said Steve Gibson, managing director at Euclid. The world’s biggest inter-dealer broker did not disclose the amount it has committed to the fund.

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