LONDON, 11 April 2024 — Liquidnet, a leading technology-driven agency execution specialist, today announced record trading volumes through its New Issue Trading (NIT) protocol and a record number of users trading fixed income primary markets electronically in Q1 2024.

Liquidnet’s electronic primary market trading volume reached $3.5 billion in the first three months of the year, more than double the previous quarter. Following the previously reported  record volume the week of January 8,  momentum continued throughout February and March, in line with the overall record market issuance seen in both  Europe and the US.

As well as increased volumes, more than 250 users were active on the NIT platform in Q1 as an increasingly diverse group of firms looked to trade new issues electronically.  Liquidnet reported strong coverage of the new issues market on its primary data dashboard, capturing on average 85% of all estimated EMEA issuance. In March alone, Liquidnet added 165 primary market deals to the platform, consisting of 207 bonds of which, 94% received live prices.

David Everson, Head of Fixed Income Trading EMEA, Liquidnet said: “It has been an exceptional start to the year. This quarter we’ve exceeded numerous previous highs, most notably surpassing 2023’s trading volume by mid-March. In addition to record issuance, the combination of  greater adoption by institutional buy and sell-side firms and increased activity in government bonds—increasing average trade size by 35%—  have all contributed to this fantastic milestone”.

In the last month of the quarter, government bonds  were the most actively traded sector comprising 34% of total volume with an average trade size of $0.9M, closely followed by financials, comprising 33% of total volume with an average trade size of $0.5M.

Nichola Hunter, Global Head of Fixed Income Sales and Trading, Liquidnet added:  “The traction we are seeing in electronic order book trading  pre-pricing and after the break is a great foundation for the continued development of this protocol.  The diversity of participants is an indication that more traders are embracing the transparency and certainty of execution that comes with order book trading.  As we continue to scale, we will broaden our reach across regions and coming later this year, launch liquid secondary market trading to complement our other secondary market protocols”. 

Liquidnet Fixed Income’s primary markets offering was launched in late 2021 with a goal to electronify the debt capital markets workflows for both new issue announcements and new issue trading. 

 

                                                                                  ENDS

Liquidnet is a leading technology-driven, agency execution specialist 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 and spans 49 markets across six continents. 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. For more information, visit www.liquidnet.com and follow us on X @Liquidnet.
 

About TP ICAP Group plc
Through our people and technology, TP ICAP connects buyers and sellers in global financial, energy, and commodities markets.

We are a world-leading provider of liquidity and data solutions, with a portfolio of businesses that provide broking services, data & analytics, and market intelligence that are trusted by clients globally.
We operate from more than 60 offices across 28 countries, supporting brokers with award-winning technology.
www.tpicap.com

 

Media Contacts:

Tom Gilbert | +44 7741231950 | thomas.gilbert@tpicap.com

 

LONDON, 2 April 2024 — Based in both London and Singapore, the new team will be led by Jack Nathan, widely regarded as an industry leader and who joins from FIS to provide Tullett Prebon clients the opportunity to trade across these fast-growing asset classes. Jack will be supported by Po Wei in Singapore who joins from JP Morgan.

Tom Fox-Hughes, Commercial Manager, Energy & Commodities APAC for TP ICAP Group said, “In what is an exceptionally fast-evolving asset class, clients are seeking real expertise to help navigate markets. With demand for electric vehicles (EV) fluctuating, and the production of battery metals rising rapidly, clients have a growing need to manage price risk and exposure. Our new desk, and the experienced hires we have made to lead it, will help us grow liquidity and support customers worldwide as the global energy transition continues to advance.”

At the end of 2023, open interest in cobalt and lithium increased very significantly as EV sales wavered, alongside a surge in production for both metals. This is especially the case for lithium, whose mining production has grown 20-fold in the last 30 years[1]. Less well known, Molybdenum is an emerging battery metal that is predicted to play a key role in increasing batteries’ electrical power, energy storage capacity, recharging speed, and stability[2].
 

                                                                                  ENDS

[1] Lithium, Cobalt Open Interest Soars as Prices Plunge 

[2]  IMOA Blog

About TP ICAP Group plc
Through our people and technology, TP ICAP connects buyers and sellers in global financial, energy, and commodities markets.

We are a world-leading provider of liquidity and data solutions, with a portfolio of businesses that provide broking services, data & analytics, and market intelligence that are trusted by clients globally.
We operate from more than 60 offices across 28 countries, supporting brokers with award-winning technology.
www.tpicap.com

 

Media Contacts:

Tom Gilbert | +44 7741231950 | thomas.gilbert@tpicap.com

 

LONDON, 27 March 2024 — TP ICAP Group, a world-leading provider of market infrastructure and data-led solutions, today announced the appointment of Silvina Aldeco-Martinez as Chief Executive Officer of Parameta Solutions, the Group’s data and analytics division. She replaces Eric Sinclair, who steps up to become Chair of the Parameta business.

Aldeco-Martinez joins from PitchBook Data, a division of Morningstar, where she was a member of the executive team and CEO of Leveraged Commentary and Data (LCD). As CEO of LCD, she successfully led the sale of the business to Pitchbook/Morningstar. Prior to that, she performed a series of senior roles at S&P Global, having started her career at ABN Amro Securities. 

Nicolas Breteau, CEO of TP ICAP Group, said: “Over the last six years, Parameta Solutions has grown rapidly to be the world’s leading provider of OTC data. The business is now at the right scale and stage of maturity to take the next step in its growth story. Silvina is well qualified to lead and accelerate this growth. And with Eric moving to be Chair, the business and its stakeholders will continue to benefit from his deep industry knowledge and relationships.”
 

Silvina Aldeco-Martinez, CEO of Parameta Solutions, said: “I have been impressed by Parameta Solutions’ client base, the quality of our people and partners, and the exclusive access to a wealth of data that is so core to the fabric of wholesale markets. From this unique position of strength, I look forward to working with Eric and the team on further empowering our clients’ success through innovative solutions.” 

 

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About Parameta Solutions:
Parameta Solutions is the data & analytics division of TP ICAP Group. 
It is the world’s leading provider of OTC market data solutions, covering price discovery, risk management, capital optimisation, benchmark and indices, and pre- and post-trade analytics. 
www.parametasolutions.com    

About TP ICAP Group plc
Through our people and technology, TP ICAP connects buyers and sellers in global financial, energy, and commodities markets.

We are a world-leading provider of liquidity and data solutions, with a portfolio of businesses that provide broking services, data & analytics, and market intelligence that are trusted by clients globally.
We operate from more than 60 offices across 28 countries, supporting brokers with award-winning technology.
www.tpicap.com

 

Media Contacts:

Tom Gilbert | +44 7741231950 | thomas.gilbert@tpicap.com
H Advisers/Maitland | +44 207 379 5151 | tpicap-maitland@maitland.co.uk
 

Sydney, 19 March 2024: TP ICAP, a world-leading provider of market infrastructure, today announced the acquisition of Aotearoa Energy, a New Zealand-based gas, power, and carbon brokerage firm.

The acquisition is complementary to ICAP’s market-leading Australian Power and Gas brokerage business as well as giving clients access to the New Zealand Emissions Units (NZU) market. These are amongst the highest integrity units worldwide and sought after by global investors. 

Daniel Skipper, Aotearoa Energy’s founder, will continue to lead the company, which will carry on trading as Aotearoa Energy following completion of the acquisition. He will report into Kellee Campbell, Divisional Director, Energy & Commodities for Australia & New Zealand.

Kellee Campbell said, “This is a strategically important acquisition for ICAP, and indeed the wider TP ICAP Group, given our growth aspirations in both the region and sector. We are excited about working with Daniel and his team to bring new products and services to market, such as facilitating access to NZ Financial Transmission Rights, which Aotearoa Energy currently offer to a small number of clients.”

Daniel Skipper, Aotearoa Energy said, “TP ICAP’s acquisition marks the next exciting chapter in Aotearoa Energy’s journey of growth and innovation and aligns with our commitment to delivering exceptional brokering services to our customers. I am thrilled to complement our NZ energy market services with the additional resources, capabilities, and scale that TP ICAP can offer.”

                                                                                  ENDS

About ICAP

Part of the TP ICAP Group, ICAP is a world-leading intermediary in the wholesale financial, energy and commodities markets. We facilitate and execute trades on behalf of the world’s pre-eminent financial institutions, ensuring efficient and liquid markets.  In the Energy and Commodities Markets, we serve a well-diversified client base comprising physical trading companies, producers, banks, and the buyside. We offer brokerage solutions across a broad range of asset classes, including base and precious metals, emission credits, crude oil and oil products, electricity, natural gas, coal, freight, and weather derivatives.

About TP ICAP Group Plc

• Through our people and technology, TP ICAP connects buyers and sellers in global financial, energy, and commodities markets.
• We are a world-leading provider of liquidity and data solutions, with a portfolio of businesses that provide broking services, data & analytics, and market intelligence that are trusted by clients globally.
• We operate from more than 60 offices across 28 countries, supporting brokers with award-winning technology.
  www.tpicap.com
   

Media Contacts:
 

TP ICAP

Tom Gilbert, Communications Director
+44 7741231950 
thomas.gilbert@tpicap.com

Maitland

H/ Advisors Maitland
M: +44 207 379 5151
tpicap-maitland@h-advisors.global

San Francisco, 1 February 2024: FalconX, the world's largest institutional digital asset prime broker and the first CFTC registered swap dealer, today announces a strategic partnership with Fusion Digital Assets, TP ICAP's FCA registered UK-based wholesale spot cryptoasset exchange.

The integration with Fusion Digital Assets provides FalconX with access to competitive pricing and liquidity from TP ICAP's wholesale clients within a robust and secure framework, combining FalconX's premier institutional crypto native franchise and institutional-grade custodial capabilities provided by Fidelity Digital AssetsSM with the extensive experience and established reputation of TP ICAP, a world-leading markets infrastructure and data solutions provider.

As the cryptoasset class continues to evolve, it is increasingly important for institutional digital asset prime brokers and their clients to interact with liquidity at venues and exchanges operated by major financial market infrastructure providers. This integration serves as a crucial bridge between the native cryptoasset ecosystem and traditional financial markets, enabling seamless transactions and fostering growth in the digital asset industry.

"Collaborating with Fusion Digital Assets is another significant step in our ongoing efforts to bridge traditional financial markets and the growing cryptoasset ecosystem," said Austin Reid, Global Head of Revenue and Business at FalconX. "This will enhance liquidity for our clients and foster an environment that propels growth and innovation in the digital asset industry. It underscores our commitment to providing secure, efficient, and seamless access to the global digital asset market for our clients."

"Bringing a player of FalconX's pedigree onto Fusion Digital Assets is another step forward in the growth of our exchange," said Tom Flanagan, Global Head of Execution and Liquidity Management at TP ICAP Digital Assets. "Our aim is to offer clients a unique liquidity experience in a secure environment. FalconX's integration and support of Fusion Digital Assets advances our aim. We look forward to extending our diversified liquidity to FalconX and their franchise."

                                                                                  ENDS

About FalconX

FalconX is the largest digital assets prime brokerage for the world's leading institutions and the first CFTC registered cryptocurrency swap dealer. We provide the most comprehensive access to global digital asset liquidity. Our 24/7 dedicated team for account, operational and trading needs enables investors to navigate markets around the clock.

The company is backed by investors including Accel, Adams Street Partners, Altimeter Capital, American Express Ventures, B Capital, GIC,

Lightspeed Venture Partners, Sapphire Ventures, Thoma Bravo, Tiger Global Management and Wellington Management. FalconX has offices in Silicon Valley, New York, London, Hong Kong, Bengaluru, Singapore and Valletta. For more information visit falconx.io or follow FalconX on X and LinkedIn.

About Fusion Digital Assets

Fusion Digital Assets combines TP ICAP's established expertise in operating venues and organising execution, with Fidelity Digital AssetsSM institutional-grade custodial capabilities, and diversified liquidity from TP ICAPs global client base. The venue currently supports trading in Bitcoin and Ether against USD. Going forward, it will expand the assets it supports in line with client demand. It will also add further custodians to develop a multi-custody model.

The venue's core elements include:

• Fusion – TP ICAP's proprietary, award-winning electronic platform – provides clients with a non-custodial cryptoasset exchange for order matching and trade execution; 
• Fidelity Digital AssetsSM, an industry-leading custodian, provides independent safe keeping of clients' inventories and settlement services through a segregated model; 
• An anonymous aggregation of streaming liquidity from worldleading market makers and uncorrelated liquidity from TP ICAP's global client base; and  
• Operated by TP ICAP E&C Limited and registered with the FCA as a cryptoasset exchange provider. 
   

About TP ICAP Group Plc

TP ICAP is a world-leading markets infrastructure and data solutions provider. The Group connects buyers and sellers in wholesale financial, energy and commodities markets, across all major asset classes. Our broking services, data & analytics, and market intelligence are trusted by clients globally to help provide efficient and liquid markets. The Group operates from 60+ offices across 28 countries, employing 5,200 people, including 2,600 brokers. By revenue, TP ICAP ranks in the top five liquidity venues globally alongside CME, ICE, Deutsche Boerse and LSEG. www.tpicap.com

Media Contacts:
 

TP ICAP

Richard Newman, Group Head of Marketing and Communications
020 7200 7000
Richard.newman@tpicap.com

Maitland

H/ Advisors Maitland
M: +44 207 379 5151
tpicap-maitland@h-advisors.global

Notes to Editors:

Background Information on ICAP Charity Day

ICAP Charity Day was founded in 1993 to grow the firm’s charitable giving programme. It represents a pioneering fundraising initiative that has made a significant and lasting positive impact worldwide. Now in its 31st year, ICAP Charity Day has raised more than £160 million to date, which has been donated to more than 2,900 charitable causes around the world.

Made possible through ICAP’s position at the heart of global markets, the company and our brokers together give 100% of one day’s revenue to a select group of charities globally, guaranteeing a material donation to fund specific projects and initiatives. 

More information about the difference the projects ICAP Charity Day has supported since its inception has made, together with additional information on its impact can be found at: www.icapcharityday.com.

About TP ICAP Group

ICAP is a TP ICAP Group plc company. TP ICAP Group plc is a world leading financial services company. As a professional intermediary, we connect buyers and sellers in wholesale financial, energy, and commodities markets. Annually, we complete more than 5 million deals with a notional value of more than £217 trillion. By adding value across the full lifecycle of a trade, we help enable efficient and liquid markets, essential ingredients for a healthy global economy. 
 

London, 8 December 2023: ICAP, part of TP ICAP Group, a world leading financial services company, is pleased to announce that it raised £5.2 million on its 31st annual global Charity Day, held yesterday.

The Prince of Wales opened ICAP’s 31st Charity Day with a video message in his role as Royal Patron of The Passage, one of the UK charities supported this year.

A host of celebrities, including Dame Joan Collins, Bill Nighy, Rod Stewart and Will Poulter, attended ICAP Charity Day in London on Thursday. The global event took place across ICAP’s 27 offices worldwide, with 100% of ICAP’s revenues and its brokers’ commissions donated directly to a select group of charitable causes.

Nicolas Breteau, Group Chief Executive Officer, TP ICAP, said:

“I am delighted that this year’s ICAP Charity Day raised £5.2million, bringing the total amount raised to more than £165 million since the first Charity Day in 1993. The incredible amount raised by our 31st annual Charity Day will make a significant difference to many much-needed projects around the world.

“I would like to thank The Prince of Wales for his  support, and all our colleagues, clients, charity partners and distinguished celebrity guests for their dedication and goodwill on behalf of ICAP Charity Day which make this iconic event so enduring and special.”
 

                                                                                  ENDS

Media Contacts:
 

TP ICAP

Richard Newman, Group Head of Marketing and Communications
020 7200 7000
Richard.newman@tpicap.com

Maitland

H/ Advisors Maitland
M: +44 207 379 5151
tpicap-maitland@h-advisors.global

Notes to Editors:

Background Information on ICAP Charity Day

ICAP Charity Day was founded in 1993 to grow the firm’s charitable giving programme. It represents a pioneering fundraising initiative that has made a significant and lasting positive impact worldwide. Now in its 31st year, ICAP Charity Day has raised more than £160 million to date, which has been donated to more than 2,900 charitable causes around the world.

Made possible through ICAP’s position at the heart of global markets, the company and our brokers together give 100% of one day’s revenue to a select group of charities globally, guaranteeing a material donation to fund specific projects and initiatives. 

More information about the difference the projects ICAP Charity Day has supported since its inception has made, together with additional information on its impact can be found at: www.icapcharityday.com.

About TP ICAP Group

ICAP is a TP ICAP Group plc company. TP ICAP Group plc is a world leading financial services company. As a professional intermediary, we connect buyers and sellers in wholesale financial, energy, and commodities markets. Annually, we complete more than 5 million deals with a notional value of more than £217 trillion. By adding value across the full lifecycle of a trade, we help enable efficient and liquid markets, essential ingredients for a healthy global economy. 
 

London, 5 December 2023: ICAP, part of TP ICAP Group, a world leading financial services company, is pleased to announce that its 31st annual global Charity Day will be held on Thursday 7 December. 

Each year, ICAP Charity Day raises money for charities across the globe, with 100% of ICAP’s revenues and its brokers’ commissions generated on one day donated to a variety of causes. Last year more than 100 different charitable organisations worldwide benefited.

Since it began as a pioneering fundraising initiative in 1993, ICAP Charity Day has raised more than £160 million which has been donated to more than 2,900 charitable causes around the world, supporting more than 7.7 million people.

In the UK, 15 charitable organisations are set to benefit this year. They will be joined by their celebrity ambassadors at ICAP’s offices in London, where they will help brokers close deals with clients.

Bill Nighy, on behalf of Into Film; Ray Winstone and Jaime Winstone on behalf of Prostate Cancer UK; Will Poulter, representing Alzheimer’s Research UK; and Alex Scott on behalf of Refuge are among the distinguished celebrity ambassadors who will be attending ICAP Charity Day in London this year.

Nicolas Breteau, Group Chief Executive Officer, TP ICAP, said: 

“At a time when the cost-of-living crisis means the charitable sector continues to face significant financial pressure, we are delighted to be supporting 15 charities in the UK, and many more across the globe. With many charities at full capacity for their services, our focus has always been to fund projects that will advance the invaluable work of these amazing causes.

“Everyone in our firm takes enormous pride in the significant and enduring impact of ICAP Charity Day. We are delighted that it has grown to be an iconic day in the charity and financial calendar, capturing the imagination of our colleagues, clients, charity partners and their celebrity ambassadors.”

                                                                                  ENDS

Liquidnet, a leading technology-driven agency execution specialist, today announced the launch of a pre-trade analytics offering for listed derivatives.

Available in Europe and the US, this solution provides actionable intelligence, such as volume, liquidity, activity, and projected volume to inform the decision-making process prior to the point of execution.

Mike du Plessis, Global Head of Listed Derivatives at Liquidnet, said: “Historically, banks have dominated the provision of solutions and execution services to the buy side. This is changing. With connectivity, staging, algo execution and execution performance management becoming increasingly commoditized, the battle to differentiate has moved to new grounds. It is here that Liquidnet is well placed to compete given our technology and talent, our pure agency model, and our approach to working with institutional asset managers to design market-led, innovative solutions.”

du Plessis, who brings more than two decades of experience in building agency execution services at large investment banks, joined Liquidnet back in March 2022. He leads a team of specialists currently based in London, New York, Boston and Connecticut.

Darren Smith, Head of EQS, Listed Derivatives at Liquidnet, added: “In other asset classes, traders can access a suite of pre-trade data to decide how to best execute a trade. That information has been somewhat absent for listed derivatives and investors have been looking for ways to access the data in an easily consumable format. We’re pleased to address this gap and bring pre- and point-of-trade intelligence, with multiple delivery channels.”

The strategic move leverages the existing infrastructure and technology used for Liquidnet Investment Analytics to create a separate offering for the buy-side community, and marks Liquidnet’s entry into the listed derivatives space.
 

                                                                                  ENDS

About Liquidnet

Liquidnet is a leading technology-driven, agency execution specialist 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. 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. For more information, visit www.liquidnet.com and follow us on Twitter @Liquidnet.
 

About TP ICAP Group plc

Through our people and technology, TP ICAP connects buyers and sellers in global financial, energy, and commodities markets.

We are a world-leading provider of liquidity and data solutions, with a portfolio of businesses that provide broking services, data & analytics, and market intelligence that are trusted by clients globally

We operate from more than 60 offices across 28 countries, supporting brokers with award-winning technology.
 

Media Contacts:

Liquidnet

Sophonie Robichon | Liquidnet | +44-203-933-0153 | srobichon@liquidnet.com