TP ICAP, a global firm of professional intermediaries and the world’s largest interdealer broker, today announces that it has signed a four and a half year lease at 9 Castlereagh Street in Sydney.

The move will see all Sydney-based Tullett Prebon employees housed under the same roof as their colleagues at ICAP for the first time in the autumn next year. The businesses, Tullett Prebon and ICAP, will remain separate and competing, with each working on different floors of the building. Corporate functions will be streamlined to support both companies.

Barry Dennahy, CEO, TP ICAP, APAC said:

“This is an important landmark for TP ICAP in Australia. It enables us to improve our combined IT infrastructure and achieve significant cost savings for our shareholders, whilst providing our employees with a fresh and modern working environment.”

TP ICAP plc was formed at the end of 2016 when Tullett Prebon plc acquired ICAP’s global hybrid voice broking and information business.