Parameta Solutions takes over administration of TP ICAP benchmarks, laying foundations for future benchmark creation.

Parameta Solutions, the Data & Analytics division of TP ICAP, has announced that it has become a FCA authorised benchmark administrator, making it the first interdealer-broker to administer over the counter (OTC) benchmarks and indices.  Parameta Solutions will also take on administration of the nine TP ICAP interest rate swaps benchmarks that were previously administered by Moorgate Benchmarks Ltd.

The nine benchmarks, which all cover the mid-price interest rate swaps from TP ICAP’s Global Broking business, increases transparency for market participants for whom data-driven insight is crucial, especially for risk and compliance purposes. In particular, visibility into the level of the implied mid-price in the relevant underlying swap rate is key for clients as they adopt these benchmarks.

Jonathan Cooper, Chief Revenue Officer at Parameta Solutions commented, “Creating possibilities for clients drives everything we do, and it became clear that there was a significant gap in the market for independent OTC benchmarks. Underpinned by our wealth of data and insight, we’re now able to provide bespoke and transparent benchmarks & indices built on OTC data to support our clients so that they can accurately compare their performance against their asset allocation strategy.

“Looking ahead, building out our benchmarks & indices offering is a core priority for us, with a particular focus on the ESG and rates space.”

Rushmi Katyal, Chief Governance, Risk and Controls Officer at Parameta Solutions added, “Our clients have highlighted that access to Parameta Solutions’ benchmarks will enable greater innovation and better management of risk. That is why we have designed a governance, risk and control framework that will ensure our clients benefit from the compliance and transparency regime we have put in place.”

ICAP Information Services Limited trading as Parameta Solutions will take on all administrative responsibilities for the benchmarks previously administered by Moorgate from 16 May 2022. Parameta Solutions also complies with the IOSCO Principles for Financial Benchmarks.

For more information please visit the Parameta Solutions Benchmarks page. 

About Parameta Solutions

Parameta Solutions is the Data & Analytics division of TP ICAP Group. The business provides clients with unbiased OTC content and proprietary data, in-depth insights across price discovery, risk management, benchmark and indices, and pre and post-trade analytics. Its post-trade solutions offering helps market participants control their counterparty and regulatory risks through a growing range of tools that manage balance-sheet exposure, as well as compression and optimisation services.

The Data & Analytics division includes the following brands: Tullett Prebon Information, PVM Data Services, ICAP Information and Burton-Taylor Consulting. 

Media Contact

Aspectus Group

Kate Evans

kate.evans@aspectusgroup.com 

TP ICAP, a leading electronic market infrastructure and information provider, announced today the appointment of Mark Govoni as Chief Executive Officer of its Agency Execution division. Govoni replaces John Ruskin, who has decided to step away from the business having successfully led the integration of Liquidnet into the TP ICAP Group. Ruskin will stay with the Group until the end of June to ensure an orderly transition.

TP ICAP’s Agency Execution division is formed of the Liquidnet and COEX Partners brands. The two businesses provide trading services for a broad range of asset classes to a sophisticated client base of asset managers, asset owners and hedge funds.

Govoni joins TP ICAP from Instinet, a firm he joined in 2012 and where he served most recently as President of U.S. Brokerage, having previously held the role of Head of U.S. Sales Trading. Prior to Instinet, Govoni was a Managing Director at Nomura Securities International, responsible for U.S. Execution Services. Earlier in his career, he held senior Program and Electronic Sales trading positions at Merrill Lynch. Govoni will be based in New York and report directly to TP ICAP Group CEO Nicolas Breteau.

Nicolas Breteau, Chief Executive Officer of TP ICAP Group, said: “Mark is a proven U.S. equity specialist. He has an extensive client network and is well connected to the industry’s top talent. Combine this with his energy, ambition, and ability to build industry-leading businesses and Mark is well placed to drive the performance of our buyside-focused franchise in the U.S. and beyond.

“Mark will build on the legacy left by John Ruskin, who I’d like to thank sincerely for the huge contribution he has made to TP ICAP. As well as stepping up to successfully execute the integration of Liquidnet, over the last five years John has championed the Group’s diversification strategy to expand our buyside offering. As a result, our Agency Execution division generated more than 10% of the Group’s revenue in 2021. Mark will now take up the baton from John to drive future growth.”

Mark Govoni, Chief Executive Officer of Agency Execution, said: “TP ICAP’s Agency Execution platform has strong and trusted client relationships, global reach, top tier technology and high calibre people. Together, these attributes position the platform to shape the future of electronic markets. I’m excited to get going, to build on the achievements of John and the team, and to advance our offering so that we serve our clients even more effectively.”

About TP ICAP Group plc

TP ICAP Group plc is a leading global markets infrastructure and data solutions provider.  The Group operates a portfolio of separate and competing brands to deliver intermediary services, contextual insights and intelligence, trade execution, pre- and post-trade services, and data-led solutions. We are formed of four business divisions:

• Global Broking: the largest Interdealer Broker in the world operating under the ICAP and Tullett Prebon brands servicing clients in Rates, FX, Credit and Equities. We match buyers and sellers, facilitate price discovery, liquidity, execution and risk management.
• Energy & Commodities: the world’s leading OTC energy and commodities broker operating under the ICAP, PVM and Tullett Prebon brands. Active in all major commodities markets including oil, gas, power, renewables, ferrous metals, base metals, precious metals and soft commodities. 
• Agency Execution: serving the buy side operating under the Liquidnet and COEX Partners brands. We provide trading services for a broad range of asset classes, serving a sophisticated client base of asset managers, asset owners and hedge funds.
• Parameta Solutions: formed of two businesses - Data & Analytics (D&A) and Post Trade Solutions.  D&A is the world leader in providing of scarce, neutral OTC data.  Consequently, it is well placed to offer unbiased data products and solutions that facilitate trading, enhance transparency, reduce risk, improve operational efficiency and a broad range of risk management solutions.  Post Trade Solutions provides pure electronic services focused on resetting, compression and repo.

www.tpicap.com

Media Contact

TP ICAP

Fay Rajaratnam

+44 7812811374 

Fay.Rajaratnam@tpicap.com

Maitland/AMO

+44 207 379 5151

tpicap-maitland@maitland.co.uk

TP ICAP Group, a leading electronic market infrastructure and information provider, has announced a new set of ESG targets, including a commitment to being Net Zero by 2026 across its Scope 1 (direct emissions from its own operations) and Scope 2 (indirect emissions including purchased/acquired electricity).

In addition to the Net Zero commitment, TP ICAP also commits to increasing its gender representation of the non-broking employee base from 34% to 38% by the end of 2025 and to incorporating mandatory ESG scoring into the evaluation and approval process for any new business initiative.  

The ESG targets are an important part of the business’ ambition to be the broker for the transition to an inclusive and low carbon economy. Focused on areas of improvement most material to TP ICAP, these targets will be reported on annually. 

The move follows a materiality assessment that established an ESG reporting framework comprising the 15 disclosure areas most relevant to the business. TP ICAP has also formed a Group ESG Forum, reporting into the Executive Committee, to oversee progress and advance the Group’s sustainability strategy.

Nicolas Breteau, Chief Executive of TP ICAP, commented, “The climate crisis and inequality are perhaps the greatest challenges of our time. Tackling these challenges requires every government, business and individual to play their part.

“Our ambition is to be the broker for the transition and these new targets mark a significant step forward in that journey. By working in partnership with our clients, colleagues, suppliers and investors, we can deploy our strengths as a business to accelerate the move to a low carbon and socially inclusive future.”

About TP ICAP Group plc

TP ICAP Group plc is a leading global markets infrastructure and data solutions provider.  The Group operates a portfolio of separate and competing brands to deliver intermediary services, contextual insights and intelligence, trade execution, pre- and post-trade services, and data-led solutions. We are formed of four business divisions:

• Global Broking: the largest Interdealer Broker in the world operating under the ICAP and Tullett Prebon brands servicing clients in Rates, FX, Credit and Equities. We match buyers and sellers, facilitate price discovery, liquidity, execution and risk management.
• Energy & Commodities: the world’s leading OTC energy and commodities broker operating under the ICAP, PVM and Tullett Prebon brands. Active in all major commodities markets including oil, gas, power, renewables, ferrous metals, base metals, precious metals and soft commodities. 
• Agency Execution: serving the buy side operating under the Liquidnet and COEX Partners brands. We provide trading services for a broad range of asset classes, serving a sophisticated client base of asset managers, asset owners and hedge funds.
• Parameta Solutions: formed of two businesses - Data & Analytics (D&A) and Post Trade Solutions.  D&A is the world leader in providing of scarce, neutral OTC data.  Consequently, it is well placed to offer unbiased data products and solutions that facilitate trading, enhance transparency, reduce risk, improve operational efficiency and a broad range of risk management solutions.  Post Trade Solutions provides pure electronic services focused on resetting, compression and repo.

www.tpicap.com

Media Contact

TP ICAP

Fay Rajaratnam

+44 7812811374 

Fay.Rajaratnam@tpicap.com

Maitland/AMO

+44 207 379 5151

tpicap-maitland@maitland.co.uk

TP ICAP, a leading electronic market infrastructure and information provider, announced today that it has enhanced Liquidnet’s New Issue Trading (NIT) protocol for bonds to enable dealers to join the buy-side in placing orders and trade directly on its new issue order book.

Liquidnet launched the NIT protocol – the first electronic solution to trade new issues in Europe – to its network of over 500 global firms in September 2021.  Expanding access to the protocol will now enable more than 100 of TP ICAP’s major dealer clients to also connect, enabling the buy-side and the sell-side  to trade together for the first time from a TP ICAP screen.  Dealer access to the new issue screen is via Fusion – TP ICAP’s award-winning electronic portal through which its clients can access the Group’s aggregated liquidity and post-trade services.

Nicolas Breteau, CEO of TP ICAP, said: “Making it possible for TP ICAP’s dealer clients to connect to the innovative NIT protocol means a deeper liquidity pool and more efficient trading experience for all – buy-side and sell-side.  It’s another compelling example of what the combined strengths of TP ICAP and Liquidnet bring to market, and that we are on track in executing our growth plans.”

Mark Russell, Global Head of Fixed Income for Liquidnet, said: “The electronification of new issue trading is one facet of Liquidnet’s overall Primary Markets initiative.  We were the first to introduce a new issue trading protocol in EMEA, and today’s announcement helps to industrialise that innovation by taking it to a new audience. The outcome is improved liquidity, more efficient new issue trading, while still maintaining anonymity.”

The announcement builds on TP ICAP’s acquisition of Liquidnet in March 2021.  It follows the phase one launch of Liquidnet Primary Markets in September 2021, providing investors with new deal information in real-time, to setup in their O/EMS for faster processing, and facilitating bond trading in the grey market and immediately post-pricing.

About TP ICAP Group plc

TP ICAP Group plc is a leading global markets infrastructure and data solutions provider.  The Group operates a portfolio of separate and competing brands to deliver intermediary services, contextual insights and intelligence, trade execution, pre- and post-trade services, and data-led solutions. We are formed of four business divisions:

• Global Broking: the largest Interdealer Broker in the world operating under the ICAP and Tullett Prebon brands servicing clients in Rates, FX, Credit and Equities. We match buyers and sellers, facilitate price discovery, liquidity, execution and risk management.
• Energy & Commodities: the world’s leading OTC energy and commodities broker operating under the ICAP, PVM and Tullett Prebon brands. Active in all major commodities markets including oil, gas, power, renewables, ferrous metals, base metals, precious metals and soft commodities. 
• Agency Execution: serving the buy side operating under the Liquidnet and COEX Partners brands. We provide trading services for a broad range of asset classes, serving a sophisticated client base of asset managers, asset owners and hedge funds.
• Parameta Solutions: formed of two businesses - Data & Analytics (D&A) and Post Trade Solutions.  D&A is the world leader in providing of scarce, neutral OTC data.  Consequently, it is well placed to offer unbiased data products and solutions that facilitate trading, enhance transparency, reduce risk, improve operational efficiency and a broad range of risk management solutions.  Post Trade Solutions provides pure electronic services focused on resetting, compression and repo.

www.tpicap.com

About Liquidnet

Liquidnet is a leading electronic trading network that intelligently connects the world’s investors to the world’s investments. Since our founding in 1999, our network has grown to include more than 1,000 institutional investors that collectively manage $33 trillion in equity and fixed income assets. Our network spans 46 markets across six continents and seamlessly connects institutional brokers, investment banks, exchanges, alternative trading venues, and a growing list of data and research providers. We built Liquidnet to make global capital markets more efficient, and continue to do so by adding additional participants, enabling trusted access to trading and investment opportunities, and delivering the actionable intelligence and insight that our customers need. Liquidnet Holdings, Inc. and its subsidiaries are part of TP ICAP Group plc. For more information, visit www.liquidnet.com and follow us on Twitter @Liquidnet.

Media Contact

TP ICAP

Fay Rajaratnam

+44 7812811374 

Fay.Rajaratnam@tpicap.com

Maitland/AMO

+44 207 379 5151

tpicap-maitland@maitland.co.uk

TP ICAP, a leading provider of market infrastructure, is expanding its Digital Assets Platform custody network to include BitGo and Komainu, two market-leading cryptoasset custodians. 

The addition of BitGo and Komainu will provide clients with a greater choice of credible, trusted custodians, which is fundamental to both the TP ICAP model and the continued growth and adoption of this asset class.  This segregated model – which enables clients to access TP ICAP’s deep pools of global liquidity whilst their assets remain under custody at their preferred custodian – provides a robust and secure solution that institutional investors require to access the asset class. Komainu and BitGo will expand the supporting custody network and provide settlement services to the new platform. 

TP ICAP’s new Digital Assets Platform, which remains subject to registration with the UK Financial Conduct Authority[1], will feature a wholesale electronic Over The Counter (OTC) marketplace for spot cryptoasset trading, including Bitcoin and Ethereum.  The platform will additionally include post-trade infrastructure that provides straight through processing (STP) and payment netting services for executed trades into a network of digital asset custodians. Ahead of its launch, the platform has also confirmed Hudson River Trading, Susquehanna, Flow Traders, Jane Street and Virtu Financial as market makers.

To drive common standards across custodians and to facilitate settlement interoperability between members, TP ICAP established an Inter-Custodial Settlement Protocol (ICSP) Working Group that has been active since October 2020.  BitGo and Komainu have both joined this group alongside initial custodians Fidelity Digital AssetsSM and Zodia Custody.  The goal of this working group is to enable TP ICAP to match trades between customers who use different custodians and settle in an automated manner between the different participant custodians.

Duncan Trenholme, Co-Head of Digital Assets at TP ICAP, said:

“Developing a robust and automated post-trade custody network, whilst providing our clients with choice over where they store their assets, has always been a core feature of our spot platform and a key differentiator for our market model.  Adding established cryptoasset custodians of BitGo and Komainu’s calibre marks another big step forward for our cryptoasset platform.  Both market-leading custodians share our vision for the future of financial market infrastructure, and we look forward to working with them as we prepare the platform to go live.”

Sebastian Widmann, Head of Strategy at Komainu, said:

“We are excited to announce our commitment to TP ICAP in launching a wholesale trading venue for digital assets tailored to the needs of traditional financial services institutions.  Whilst we are seeing increased interest in digital assets, there are still various challenges limiting institutional adoption, including in the way new market entrants gain initial exposure and source liquidity of digital assets, which TP ICAP is addressing.  We look forward to collaborating with the entire working group to enable a next-generation custodial settlement network, allowing our clients to seamlessly trade and settle directly out of custody.”

Darren Jordan, Managing Director at BitGo, said:

“We are thrilled to announce our plans for BitGo to provide custody and settlement services to the TP ICAP wholesale trading venue for digital assets. BitGo, built on its pioneering signature technology, is the gold standard for institutions demanding the highest-level of security and compliance for their digital assets.  We believe to further the adoption of this asset class, there needs to be industry collaboration to establish the trading and settlement network for the future of finance. We look forward to building and growing this network with TP ICAP and other network participants.”

[1] TP ICAP is required to register the TP ICAP Digital Assets Platform with the FCA under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (“MLRs”). TP ICAP has submitted an application to the FCA, and the platform will only launch once that registration process has been completed. The FCA’s responsibility under this regime is limited to AML/CTF registration supervision and enforcement only. It is not a license from the FCA or a recommendation or endorsement of the platform.

About TP ICAP Group plc

TP ICAP Group plc is a leading global markets infrastructure and data solutions provider.  The Group operates a portfolio of separate and competing brands to deliver intermediary services, contextual insights and intelligence, trade execution, pre- and post-trade services, and data-led solutions. We are formed of four business divisions:

• Global Broking: the largest Interdealer Broker in the world operating under the ICAP and Tullett Prebon brands servicing clients in Rates, FX, Credit and Equities. We match buyers and sellers, facilitate price discovery, liquidity, execution and risk management.
• Energy & Commodities: the world’s leading OTC energy and commodities broker operating under the ICAP, PVM and Tullett Prebon brands. Active in all major commodities markets including oil, gas, power, renewables, ferrous metals, base metals, precious metals and soft commodities. 
• Agency Execution: serving the buy side operating under the Liquidnet and COEX Partners brands. We provide trading services for a broad range of asset classes, serving a sophisticated client base of asset managers, asset owners and hedge funds.
• Parameta Solutions: formed of two businesses - Data & Analytics (D&A) and Post Trade Solutions.  D&A is the world leader in providing of scarce, neutral OTC data.  Consequently, it is well placed to offer unbiased data products and solutions that facilitate trading, enhance transparency, reduce risk, improve operational efficiency and a broad range of risk management solutions.  Post Trade Solutions provides pure electronic services focused on resetting, compression and repo.

www.tpicap.com

About Komainu

Komainu is the first hybrid custodian for institutional digital asset investors created by the Japanese investment bank, Nomura, digital asset manager, CoinShares and digital asset security company, Ledger. Komainu is providing decentralized and secure digital asset custody through a single application-based solution for institutions, offering multi-asset support, regulatory compliance and insurance. Headquartered in Jersey, Channel Islands, Komainu merges best in class financial services with leading security standards for the next generation of institutional custody.   

For more information, please visit https://www.komainu.com  

About BitGo

BitGo is the leader in digital asset financial services, providing institutional investors with custody liquidity, and security solutions. Active in both centralized and decentralized finance, BitGo offers market leading trading, lending, and borrowing services through its prime brokerage services and acts as the custodian for WBTC, with more than $13 billion in custody and circulation. In 2020, BitGo launched BitGo Portfolio and Tax, providing clients with a full-stack solution for digital assets. In 2018, it launched BitGo Trust Company, the first qualified custodian purpose-built for storing digital assets. BitGo processes approximately 20% of all global Bitcoin transactions, and supports over 500 coins and tokens. BitGo’s customer base includes the world’s largest cryptocurrency exchanges and institutional investors and spans more than 50 countries, including qualified custodial entities in Switzerland and Germany. BitGo is backed by Goldman Sachs, Craft Ventures, Digital Currency Group, DRW, Galaxy Digital Ventures, Redpoint Ventures, and Valor Equity Partners.

Media Contact

TP ICAP

Fay Rajaratnam

+44 7812811374 

Fay.Rajaratnam@tpicap.com

Maitland/AMO

+44 207 379 5151

tpicap-maitland@maitland.co.uk

TP ICAP, a leading global markets infrastructure and data solutions provider, has added Hudson River Trading to the list of market makers joining its Digital Assets Spot platform, set to launch later this year.  

Hudson River Trading is a quantitative trading firm leveraging a world class scientific approach in capital markets. The firm, founded in 2002, has cultivated one of the most sophisticated computing environments for research and development globally, and its researchers are at the forefront of innovation in the world of algorithmic trading. These market-leading algorithms will provide diversified liquidity on TP ICAP’s Digital Assets Spot platform and deliver competitive prices for buyers and sellers.

As the latest liquidity provider confirmed on the platform, Hudson River Trading will join a host of names synonymous with market making, including Susquehanna, Flow Traders, Jane Street and Virtu Financial. The Digital Assets Platform will feature a wholesale electronic Over The Counter (OTC) marketplace for spot cryptoasset trading, including Bitcoin and Ethereum.

While it remains subject to registration with the UK Financial Conduct Authority, the platform’s launch, once approved, will leverage the increasing demand from TP ICAP clients to trade spot cryptoassets. Further to its OTC electronic execution capabilities, the platform also includes post-trade infrastructure providing straight through processing (STP) and payment netting services for settlement of trades across a network of digital asset custodians. 

Simon Forster, Co-Head of Digital Assets at TP ICAP, said:

“As we approach the launch of the platform, we are excited to add Hudson River Trading, another exceptional partner, further adding to our liquidity and price discovery capabilities. We have long admired the work of HRT in the market and its commitment to this new asset class, and alongside the numerous market makers already confirmed, highlights the strength, and promise of our Digital Assets Platform. The year has begun with heightened interest in digital assets and we are looking forward to capitalizing on our position as an independent broker with a market leading platform to support the growth of this asset class with institutional investors and traders.”

Brad Vopni, Head of Digital Assets, Hudson River Trading, said:

“With its vast network of high quality liquidity providers, expertise, and commitment to the digital asset space, TP ICAP is an ideal partner for Hudson River Trading. As an active participant in the crypto markets since 2017, we have witnessed a number of major milestones that have helped pave the way for greater institutional adoption of crypto. Together, we will provide a new set of investors with the ability to gain access to this rapidly evolving asset class on a familiar institutional-grade platform."

About TP ICAP Group plc

TP ICAP Group plc is a leading global markets infrastructure and data solutions provider.  The Group operates a portfolio of separate and competing brands to deliver intermediary services, contextual insights and intelligence, trade execution, pre- and post-trade services, and data-led solutions. We are formed of four business divisions:

• Global Broking: the largest Interdealer Broker in the world operating under the ICAP and Tullett Prebon brands servicing clients in Rates, FX, Credit and Equities. We match buyers and sellers, facilitate price discovery, liquidity, execution and risk management.
• Energy & Commodities: the world’s leading OTC energy and commodities broker operating under the ICAP, PVM and Tullett Prebon brands. Active in all major commodities markets including oil, gas, power, renewables, ferrous metals, base metals, precious metals and soft commodities. 
• Agency Execution: serving the buy side operating under the Liquidnet and COEX Partners brands. We provide trading services for a broad range of asset classes, serving a sophisticated client base of asset managers, asset owners and hedge funds.
• Parameta Solutions: formed of two businesses - Data & Analytics (D&A) and Post Trade Solutions.  D&A is the world leader in providing of scarce, neutral OTC data.  Consequently, it is well placed to offer unbiased data products and solutions that facilitate trading, enhance transparency, reduce risk, improve operational efficiency and a broad range of risk management solutions.  Post Trade Solutions provides pure electronic services focused on resetting, compression and repo.

www.tpicap.com

About Hudson River Trading

Hudson River Trading was founded in New York City in 2002 by a small team of mathematicians and computer scientists, with a focus on applying automation to the financial markets. Today, HRT employs more than 700 people in offices across the globe, trades on over 200 markets, and handles nearly 10% of daily U.S. stock trading volume. HRT has long been involved in cryptocurrency – both as a significant liquidity provider since 2017, and more recently as a venture investor in the crypto space.

Media Contact

TP ICAP

Matt Jones

Communications Manager  

Matthew.Jones@tpicap.com

Maitland/AMO

+44 207 379 5151

tpicap-maitland@maitland.co.uk

TP ICAP Group, a leading provider of market infrastructure, today announces that it has appointed Darren Hayes as CEO of its Energy & Commodities business in the Americas.

Based in Houston, Texas, Darren will step into to the role after more than six years as Managing Director of North American Energy at TP ICAP. He brings vast experience in the energy trading landscape with over 26 years in the market, previously holding roles at OTCGH, NYMEX, NUON Energy Trade and Wholesale, and Coastal Energy Trading.

Starting in the new role from [insert date], Darren’s appointment comes at a crucial time for the business. Following the launch of its energy broking business in Brazil in February, TP ICAP is looking to further leverage its ESG expertise to clients across the Americas, as well as a continued focus across Liquified Natural Gas, Natural Gas Liquids and traditional gas, power and crude markets.

Andrew Polydor, Head of Global Markets, TP ICAP said: “I am excited to welcome Darren to his new role and see him further utilise his market expertise as our US Energy & Commodities Business goes from strength to strength. With our recent expansion across the region, Darren will play a key role in executing our strategy and affirm our position as a market leader in all phases of energy and commodity transactions.”

Darren Hayes, CEO, Energy & Commodities Americas, TP ICAP said: “Over the last six years I have witnessed first-hand the skills and experience we have on offer in our US business. There is a wealth of opportunity open to us in both traditional and less mature markets and I am looking forward to working with our teams to capitalise on these, like we have already done in the power, gas, crude, refined products and renewable space in Latin America.

About TP ICAP Group plc

TP ICAP Group plc is a leading global markets infrastructure and data solutions provider.  The Group operates a portfolio of separate and competing brands to deliver intermediary services, contextual insights and intelligence, trade execution, pre- and post-trade services, and data-led solutions. We are formed of four business divisions:

• Global Broking: the largest Interdealer Broker in the world operating under the ICAP and Tullett Prebon brands servicing clients in Rates, FX, Credit and Equities. We match buyers and sellers, facilitate price discovery, liquidity, execution and risk management.
• Energy & Commodities: the world’s leading OTC energy and commodities broker operating under the ICAP, PVM and Tullett Prebon brands. Active in all major commodities markets including oil, gas, power, renewables, ferrous metals, base metals, precious metals and soft commodities. 
• Agency Execution: serving the buy side operating under the Liquidnet and COEX Partners brands. We provide trading services for a broad range of asset classes, serving a sophisticated client base of asset managers, asset owners and hedge funds.
• Parameta Solutions: formed of two businesses - Data & Analytics (D&A) and Post Trade Solutions.  D&A is the world leader in providing of scarce, neutral OTC data.  Consequently, it is well placed to offer unbiased data products and solutions that facilitate trading, enhance transparency, reduce risk, improve operational efficiency and a broad range of risk management solutions.  Post Trade Solutions provides pure electronic services focused on resetting, compression and repo.

www.tpicap.com

Media Contact

TP ICAP

Matt Jones

Communications Manager  

Matthew.Jones@tpicap.com

TP ICAP Group, a leading electronic market infrastructure and information provider, today announced that it will launch an electronic Foreign Exchange trading platform in Singapore, with support from the Monetary Authority of Singapore (“MAS”).

The platform, which will use TP ICAP’s award-winning Fusion interface, will initially offer trading in Asian 1 Month Non-Deliverable Forwards (NDF) and will be expanded to include FX Forwards and additional tenors in Asian NDFs.

The launch is aligned with MAS’ strategy to strengthen Singapore’s standing as a major trading and corporate treasury hub, which will be furthered by TP ICAP’s industry-leading global broking business and client network.

Nicolas Breteau, CEO of TP ICAP, said: “TP ICAP’s decision to locate a Fusion FX platform in Singapore is an important part of our strategy to enable our clients to trade electronically and access our deep, global liquidity pools. Singapore is the third largest FX trading centre globally and the largest in Asia, and we believe that it will continue to grow.”

Lim Cheng Khai, Executive Director, Financial Markets Development Department of MAS, said: “MAS welcomes the launch of TP ICAP’s electronic Fusion FX trading platform in Singapore.  Singapore is geographically well-positioned to offer low latency connections to regional markets, and TP ICAP’s multi-dealer Fusion FX platform will enable market participants from across the Asia-Pacific region to benefit from an improved trading experience.”

Fusion is TP ICAP’s single sign-on, fully customisable electronic platform, from which clients can access the Group’s global liquidity pools across all products, asset classes, regions and brands.  Reflecting Fusion’s quality, Risk magazine has recognised it as best-in-class, awarding it ‘OTC Platform of the Year’ for 2022.

About TP ICAP Group plc

TP ICAP Group plc is a leading global markets infrastructure and data solutions provider.  The Group operates a portfolio of separate and competing brands to deliver intermediary services, contextual insights and intelligence, trade execution, pre- and post-trade services, and data-led solutions. We are formed of four business divisions:

• Global Broking: the largest Interdealer Broker in the world operating under the ICAP and Tullett Prebon brands servicing clients in Rates, FX, Credit and Equities. We match buyers and sellers, facilitate price discovery, liquidity, execution and risk management.
• Energy & Commodities: the world’s leading OTC energy and commodities broker operating under the ICAP, PVM and Tullett Prebon brands. Active in all major commodities markets including oil, gas, power, renewables, ferrous metals, base metals, precious metals and soft commodities. 
• Agency Execution: serving the buy side operating under the Liquidnet and COEX Partners brands. We provide trading services for a broad range of asset classes, serving a sophisticated client base of asset managers, asset owners and hedge funds.
• Parameta Solutions: formed of two businesses - Data & Analytics (D&A) and Post Trade Solutions.  D&A is the world leader in providing of scarce, neutral OTC data.  Consequently, it is well placed to offer unbiased data products and solutions that facilitate trading, enhance transparency, reduce risk, improve operational efficiency and a broad range of risk management solutions.  Post Trade Solutions provides pure electronic services focused on resetting, compression and repo.

www.tpicap.com

Media Contact

TP ICAP

Fay Rajaratnam

+44 7812811374 

Fay.Rajaratnam@tpicap.com

Maitland/AMO

+44 207 379 5151

tpicap-maitland@maitland.co.uk