Intercapital was the first to launch a real-time screen that displayed live prices. In 1998, it was acquired by Exco in a reverse takeover, and the enlarged business was renamed Intercapital. In 1999, the company merged with Garban to create Garban-Intercapital, the largest inter-dealer broker in the world with more than 5,000 employees across 63 offices. Garban renamed itself ICAP in 2001 (its full name did not fit on trading screens, hence the abbreviation to ICAP). Functioning as an inter-dealer broker, ICAP brought together large financial institutions in search of buyers and sellers for corporate and government bonds, foreign currency, commodities and other financial products. The firm collected commissions and connected clients via its electronic trading platforms. In 2006 ICAP entered the FTSE 100, one of a small number of companies to do so with a founder CEO.