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Our Brands
Liquidity Solutions
Financial Markets
- Price Discovery
- Trade Execution
- Post-trade solutions
Energy & Commodities Markets
- Price Discovery
- Trade Execution
- Post-trade solutions
Agency Execution
- Block, Algorithmic and Programme Trading
- Trade Advisory and Execution
Data Solutions
Data
- OTC pricing data
Benchmarks and Indices
- Bespoke benchmarks and indices
Risk & Regulatory
- Evidential and Consensus Pricing
Post-Trade Analytics
- Transaction Cost Analysis
- Announcements
- Debt Investors
- Supporting our clients
Investor Relations
- Announcements
Our Brands
Liquidity Solutions
Financial Markets
- Price Discovery
- Trade Execution
- Post-trade solutions
Energy & Commodities Markets
- Price Discovery
- Trade Execution
- Post-trade solutions
Agency Execution
- Block, Algorithmic and Programme Trading
- Trade Advisory and Execution
Data Solutions
Data
- OTC pricing data
Benchmarks and Indices
- Bespoke benchmarks and indices
Risk & Regulatory
- Evidential and Consensus Pricing
Post-Trade Analytics
- Transaction Cost Analysis
TP ICAP Group’s heritage dates back to 1866. It was then that Matthew Marshall Junior – the son of Matthew Marshall, the Chief Cashier of the Bank of England from 1835–1864 – set up shop with Joseph Rich in the heart of the City of London.
More than 150 years later, and our company has changed beyond recognition. Today, TP ICAP Group is a world-leading provider of market infrastructure, specialising in connecting market participants to deliver superior liquidity and data solutions.
We continue, though, to stay true to our roots, operating at the heart of wholesale markets, with an enterprising spirit, and championing innovation, to best meet the needs of our clients.
Timeline
1866
Matthew Marshall Junior, in partnership with Joseph Rich, establishes Rich, Marshall & Co. on 26 Nicholas Lane, EC4, broking operations.
1870
Matthew Marshall Junior continues alone under the name Marshall & Sons.
1951
The business is renamed M.W. Marshall & Co. It is one of eight firms to be admitted to the new Foreign Exchange Brokers’ Association (FEBA).
1967
M.W. Marshall & Co. acquired by the London discount house, Cater Ryder & Co., ending the Marshall family’s control of the company.
1971
Tullett & Riley founded by Derek Tullett.
1971
PVM established in New York to broker international refined products.
1972
FEBA’s replacement, the Foreign Exchange and Currency Deposit Brokers Association, admitted newcomer Tullett & Riley. A new holding company, M.W. Marshall Investments was created.
1974
PVM opens its Crude oil department.
1975
PVM opens its Houston office, focusing on US domestic crude and products.
1979
M.W. Marshall Investments becomes Mercantile House Holdings.
1980
PVM opens its London office.
1986
Intercapital plc is founded by Michael Spencer.
1987
PVM Oil Consultants Inc founded.
1989
M.W. Marshall & Co is sold to a management-led consortium.
1993
PVM Oil Futures is formed to provide a full floor broking and execution service on the International Petroleum Exchange.
1999
Prebon Yamane and MW Marshall & Co agree to merge their international broking operations. The newly merged company, known as Prebon Marshall Yamane in America and Europe, and Prebon Yamane in Asia, becomes the largest OTC broking group of the time.
1999
Garban plc and Intercapital plc merge to form Garban-International plc.
1999
Tullett & Tokyo merges with Liberty Brokerage Investment Corp. to form Tullett & Tokyo Liberty, one of the world’s largest money brokers.
2001
Garban-Intercapital plc changes its name to ICAP plc.
2001
Liquidnet founded by Seth Merrin as a wholesale electronic marketplace where institutional investors can anonymously trade large blocks of stocks.
2002
Liquidnet Europe launched with nine member firms.
2002
Liquidnet Europe launched with nine member firms.
2003
Collins Stewart acquires Tullett to create Collins Stewart Tullett plc.
2004
Collins Stewart Tullett acquires Prebon Yamane, the world’s fourth largest IDB.
2005
Tullett Liberty and Prebon businesses integrate and re-brand as Tullett Prebon.
2006
PVM Data Services GmbH founded in Vienna.
2007
ICAP acquires Traiana Inc.
2007
Liquidnet Asia launches with 26 member firms.
2012
ICAP acquires Plus Stock Exchange plc and relaunches it as the ICAP Securities and Derivatives Exchange, one of only six Regulated Investment Exchanges in the UK.
2014
Tullett Prebon acquires PVM Oil Associates Limited.
2015
Tullett Prebon acquires ICAP’s global hybrid voice broking and information business.
2017
Liquidnet acquires OTAS Technologies, a market-leading analytics platform that delivers actionable market intelligence.
2021
TP ICAP announces the completion of its acquisition of Liquidnet.
2021
TP ICAP Data & Analytics business re-brands as Parameta Solutions.
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