Ambassadors include Bradley Cooper, Alex Rodriguez and Adam Graves 

ICAP, part of TP ICAP group, the world’s largest interdealer broker, is pleased to announce that its 27th annual global Charity Day will be held on Tuesday, December 10, 2019.

Each year, ICAP Charity Day raises money for charities across the globe, with 100% of the revenues and commissions generated on one day donated to a variety of causes. Last year 120 different charitable organizations benefited worldwide.

Since Charity Day was launched in December 1993, ICAP has raised nearly $185 million for more than 2,400 charities worldwide. In 2018 alone, $5.7 million was raised by ICAP’s 27 global offices.

This year, Charity Day will again be raising funds for around 100 charities globally, of which over 45 are US charities. On the day, ICAP employees on the broking floor will be joined by a group of celebrities who will speak directly to ICAP’s US customers on the phone to close deals, boosting broking volumes in the process.

This year celebrity ambassadors attending ICAP Charity Day in the US include Oscar nominated actor, director, writer and producer Bradley Cooper on behalf of his One Family Foundation, which aims to improve the experience of cancer patients through better patient navigation and a more holistic approach to cancer care. Other celebrities include the sports stars Alex Rodriguez representing Civic Duty Partners, and Adam Graves representing SmileZone Foundation.

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

“At this year’s ICAP Charity Day, we are looking forward to supporting charities with the main focus on social mobility as part of our overall company CSR strategy, ‘A Voice for All,’ giving people a chance in life whatever their background or circumstances.

I am delighted we are supporting charities with an emphasis on education and training; assisting disadvantaged children and families; health and disability; and also with charities involved with the environment and animal welfare, another important area which we are pleased to support. I hope that the funds we raise will create significant opportunities for each of these amazing causes.”

2019 US Charities supported by ICAP Charity Day
A Free Bird Organization
AmpSurf
Arms Wide Open
Blythedale Children’s Hospital
Big Brothers Big Sisters of Durham
Big Brothers Big Sisters of New York City
Boys and Girls Club of Brazoria Texas
Children in Conflict
Children’s Cardiomyopathy Foundation
Free Arts NYC
Gilda’s Club Kentuckiana
Healing Emergency Aid Response Team 9/11, Inc.
The Healing Place Louisville
Hope Autism
Houston LEAD
International Network for Public Schools
The Jerome Bettis Bus Stop Here Foundation
Leukemia & Lymphoma Society
The Manhattan Children’s Center
The Matthew Larson FDN for Pediatric Brain Tumors
Michelle Paternoster FDN Sarcoma Research
National Multiple Sclerosis Society
NEO Philanthropy – Refuge Action Fund
New Heights
NYU Langone Health
Orthopaedic Foundation
Phelan McDermid Syndrome Foundation
Restore NYC, Inc.
Right to Play
Ronald McDonald House of Chapel Hill
SickKids Foundation
Stop Soldier Suicide
UNICEF
We Can Kick It

ICAP, part of TP ICAP group, the world’s largest interdealer broker, is pleased to announce that its 27th annual global Charity Day will be held on Tuesday, 10 December 2019.

Each year, ICAP Charity Day raises money for charities across the globe, with 100% of the revenues and commissions generated on one day donated to a variety of causes. Last year 120 different charitable organisations benefited.

ICAP’s Charity Day has raised almost £145 million for more than 2,400 charities around the world since it was launched in 1993. In 2018 alone, £4.5 million was raised by ICAP’s 27 global offices.

In the UK, 26 charitable organisations are set to benefit this year. They will be joined by their celebrity patrons and ambassadors at ICAP’s offices in London, where they will help brokers close deals and boost broking volumes with clients, both on the telephone and through the company’s electronic platforms.

David Walliams, on behalf of the charity Into Film; Gareth Southgate OBE and Geri Horner on behalf of The Prince’s Trust; Claudia Winkleman representing The Katie Piper Foundation, together with Harry Redknapp and Ray Winstone on behalf of Prostate Cancer UK and Anna Friel representing Space for Giants are among the distinguished celebrity ambassadors who will be attending ICAP Charity Day in London this year to support the charities.

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

“At this year’s ICAP Charity Day, we are looking forward to supporting charities with the main focus on social mobility as part of our overall company CSR strategy, ‘A Voice for All,’ giving people a chance in life whatever their background or circumstances.

I am delighted we are supporting charities with an emphasis on education and training; assisting disadvantaged children and families; health and disability; and also with charities involved with the environment and animal welfare, another important area which we are pleased to support. I hope that the funds we raise will create significant opportunities for each of these amazing causes.”

TP ICAP, the world’s largest interdealer broker, announces that it has appointed Joanna Nader as Global Head of Strategy.

Joanna was previously Managing Director, RBC Capital Markets, where she was Head of Diversified/Specialty Financials Research, covering a number of financial companies, including TP ICAP. Before joining RBC Capital Markets, Joanna spent nearly 10 years as the Chief Investment Officer of JRJ Group, a private equity firm focused on financial services. Joanna also worked at Lehman Brothers where she was the lead analyst covering Speciality Financials and European Investment banks, before becoming Chief of Staff, Office of CEO Europe, Middle East & Africa.

Nicolas Breteau, Chief Executive of TP ICAP, said: “I am very pleased Joanna has agreed to join TP ICAP. She is a hugely experienced and highly respected financial services professional and joins us at an important time as we design our new strategy for 2020 onwards.”

Joanna Nader said: “I am delighted to be joining TP ICAP. TP ICAP sits in the heart of the world’s financial, energy and commodities markets and I am very excited about the opportunities for growth that I believe the company has.”

ICAP Information, part of TP ICAP, the world’s largest inter-dealer broker, has launched a first-of-its-kind data package covering African OTC markets. 

The new product will make data captured by ICAP’s long-established South African desk available commercially to the general marketplace for the first time, including many areas for which there has previously been no data available.

The information covers multiple asset classes including FX, fixed income and interest rates across a wide range of countries and regions throughout the continent, namely Botswana, Ghana, Kenya, Mauritius, Nigeria, South Africa, Tanzania, Uganda, and Zambia.

The release is the latest output from the closer relationship between TP ICAP’s Data & Analytics and broking divisions, as the company looks to increase the collaboration between its business units and diversify its product and client base. The information in the new offering will be beneficial to customers with exposure to the continent across a number of day-to-day activities, from the front-office, covering price discovery and accurate securities pricing, through to the middle and back offices including risk management, valuation and independent price verification.

Tullett Prebon, part of TP ICAP, the world’s largest interdealer broker, is pleased to announce the successful settlement of the first Insurance Linked Notes (ILN) transaction following onboarding of the first group of clients to its newly launched ILN platform.

The new ILN initiative is spearheaded by Tullett Prebon’s Insurance-Linked Securities (ILS) Desk, which was formed in 2008 and is a leading broker in catastrophe bond secondary trading worldwide. The ILS Desk has traded with multiple ILS counterparties throughout the world, including dedicated ILS Funds, Reinsurance Company funds, Multi Asset Managers, Multi Strategy Hedge Funds,

Pension Funds and Investment Banks. In addition, the new ILN Platform is available to Insurers, Reinsurers, Corporates and other potential protection buyers.
ILNs are fully collateralized, securitized, listed and tradable instruments. They are Industry Loss based instruments, similar, to Industry Loss Warranties, but designed to provide clients with a more cost efficient method of protecting, investing in and hedging catastrophe risk.

Steve Emmerson, Head of ILS at Tullett Prebon, said: ”The ILN platform from Tullett Prebon introduces a unique combination of tools under one roof, including real time ILN risk analytics, the ILN issuance vehicle, our voice assisted trading platform, and ILN market data. This enables all approved counterparties to design, analyse and trade in catastrophe risk. “

“We can issue ILNs for as low as USD5m in size, which tends to be impractical for industry loss based Cat Bonds due to the issuance costs involved” Emmerson added. “And unlike ILWs, these are tradable instruments and provide for anonymity between parties.”

“We have worked hard for some time now to bring this to fruition, alongside many partners and service providers, including our partners at Artex Risk Solutions (Bermuda) Ltd, Analyze Re as well as our clients.”

Rob Eastham, Executive Chairman of Artex in Bermuda said “We are delighted that Artex is one of Tullett Prebon’s key partners in the introduction of this transformational product, which provides both market liquidity and a cost-efficient trading solution. As Steve mentioned, the design and launch were a significant task which we believe will greatly benefit the ILS industry, with the end goal of becoming the platform of choice for future innovation in index linked trading.“
Adrian Bentley, Managing Director of Analyze Re said, “We are excited to be working with Tullett Prebon on this innovative product and our aim is to provide the most flexible and transparent picture of risk for each potential ILN prior to trading. All registered users will have access to our real-time analytics which will enable protection buyers and sellers to instantly evaluate the risk based on factors including geography, type of catastrophe, and trigger level.”

Two of the fully onboarded ILN clients, LGT and Schroders, also observed the breakthrough.
“We are constantly exploring new ways of accessing reinsurance transactions on behalf of our institutional investor base” said Christian Bruns, Partner and Portfolio Manager at LGT ILS Partners.
“We were structuring the first cat bond light deals back in 2012 and launched Lumen Re as our rated balance sheet in 2017. Tullett Prebon’s ILN platform is now taking ILS innovation one step further and represents a very efficient new tool to both protection buyers and sellers. We are excited being the first ILN clients to execute a deal on this new platform.”

Daniel Ineichen, Head of Fund Management, Schroder Secquaero said: “We congratulate the team at Tullett Prebon for the successful launch of its ILN platform. We believe that this innovative solution has the potential to further accelerate the growth of the ILS market. The degree of transparency provided in combination with the flexibility to buy or hedge risks, offers an effective and cost efficient way to enhance the management of ILS portfolios.”

TP ICAP, the world’s largest interbroker dealer, today announced that it has acquired ClearCompress Limited, an algorithm-based compression service in cleared and uncleared derivatives that helps its clients achieve cost efficiencies and reduce capital requirements.

TP ICAP first took a stake in ClearCompress in November 2018 but has now agreed to acquire the remainder of the company.  ClearCompress, along with its key team members, will sit within TP ICAP’s growing portfolio of optimisation products, including the post-trade risk management platform MatchBook.

ClearCompress is a targeted compression solution, which has been designed to solve the inefficiencies of existing multi-lateral compression services. It offers:

• An on-demand, fast execution service capable of completing multiple compression runs intra-day;
• High levels of compression efficiency as a result of innovative algorithms and targeted client services;
• A light touch service; helping clients make better use of their constrained resources;
• Flexible quant analysis and execution, highly configurable to client risk parameters; 

Nicolas Breteau, CEO of TP ICAP, said: “We are delighted to have acquired ClearCompress and seen a recent live run in action. This is a unique and cost-efficient offering which will be a valuable addition to our stable of optimisation services.”

David Hill, CEO of ClearCompress, said: “I am really pleased that ClearCompress will now become part of TP ICAP as we progress to the next stage of our development. We originally set up ClearCompress to address the inefficiencies within the existing compression services and believe that our light-touch, fast and highly efficient solution will prove very popular with TP ICAP’s unrivalled client base.”

TP ICAP, the world’s largest interdealer broker, announces that it has appointed Amir Zaidi as Global Head of Compliance.

Prior to TP ICAP, Amir spent 9 years at the US Commodity Futures Trading Commission (“CFTC”) in a variety of roles, most recently, Director, Division of Market Oversight. In that role, Amir led a team of 90 staff across four offices to oversee derivatives platforms and swap data repositories and the CFTC’s market intelligence initiatives. He also performed the role of Legal Counsel & Policy Advisor for two Commissioners and Special Counsel, Division of Market Oversight. Prior to his career at the CFTC, Amir worked at the Financial Industry Regulatory Authority and at Arnold & Porter LLP. Amir will be based in TP ICAP’s New York office with effect from September 2019.

Nicolas Breteau, Chief Executive of TP ICAP, said: “I am very pleased that Amir will be joining TP ICAP. Amir brings a vast amount of regulatory experience in our sector which will be critical for TP ICAP as we continue to develop our world class compliance function in support of our market leading and diverse range of businesses across wholesale financial markets and the growing data and analytics sector.”

Amir Zaidi said: “I am delighted to be joining TP ICAP. It is clear that regulators are very focused on the role of interdealer brokers in financial markets and their operation of trading venues in support of a wide range of clients. I hope to leverage my experience for TP ICAP and its clients and assist in the evolution of the firm’s compliance function.”

TP ICAP’s Group Head of Compliance will report to Philip Price, Executive Director and Group General Counsel. 73 compliance professionals across 14 offices will report to the Global Head of Compliance.

TP ICAP, the world’s largest interdealer broker, today announces that its Energy & Commodities business has entered into a joint venture (“JV”) in China with Enmore Investment Group (Shanghai) Co. ltd.

The JV, will be called Enmore Commodity Brokers (Shanghai) Co. Ltd (“ECB”), and will be based in Shanghai offering professional intermediary services in the Chinese OTC, cleared and physical commodities markets. ECB’s first desks will offer brokerage services in Iron Ore, Coal (bulks), LPG and Naphtha (light ends) with additional commodity products offered over time.  ECB will also offer liquidity from the TP ICAP companies – Tullett Prebon, ICAP and PVM - to its onshore clients and access offshore clients via the TP ICAP brands.

Chinese commodity markets have recently opened up following the launch of the INE crude contract.  The Dalian exchange has also opened its iron ore contract to foreign investors. TP ICAP believes these initiatives will increase client demand for the OTC cleared products offered by ECB.

Andrew Polydor, CEO of TP ICAP Energy & Commodities, said: “The launch of this joint venture is a very exciting initiative and a demonstration of our ambition for the Energy & Commodities business. Combining TP ICAP’s leading position as a broker in International markets with Enmore Investment Group’s strong position in China is a compelling proposition which will greatly benefit our clients.”

Marco Zhang, Executive Director & CEO from Enmore Investment Group, said: “The rapid growth and huge potential of China's commodity market and its influence on the international market are obvious to the world. Enmore Investment Group, based in China, is a leading commodity trading platform and trading brokerage service provider. I am excited and looking forward to entering into the JV with the world’s largest interdealer broker, TP ICAP, which will provide Chinese clients with more liquidity and more international services.”

Additionally, as part of the agreement, TP ICAP Data & Analytics has the exclusive right to distribute all the data internationally, outside of China, from the JV.

TP ICAP’s global Energy & Commodities division operates three independent brokerage brands in all the key commodities markets including oil, gas, power, renewables, ferrous metals, base metals, precious metals, soft commodities and coal.  The three brands of Tullett Prebon, ICAP and PVM are independent from each other and offer our clients three distinct, competing liquidity pools. 

Enmore Investment Group is a Chinese conglomerate headquartered in Shanghai and began as a commodity information service provider. Enmore’s business includes a commodity spot trading platform, financial & data services and is Asia's leading bulk chemical brokerage.  It also provides cleared broking services on the Shanghai Clearing House and the Singapore Exchange. Enmore provides diversified services to vertical industry players such as producers, traders, and downstream manufacturers, as well as banks, futures companies and financial investment institutions.

Contacts:

William Baldwin-Charles, Group Media Relations Director      
+44 20 7200 7124

William.Baldwin-Charles@tpicap.com

About TP ICAP

TP ICAP is a global firm of professional intermediaries that plays a pivotal role in the world’s financial, energy and commodities markets. Operating through our core businesses, Tullett Prebon, ICAP, PVM, Coex Partners, Tullett Prebon Information, ICAP Information Services and PVM Data Services, we create strong networks in person and through technology. We provide comprehensive analysis and insight into market conditions and long-term trends. We combine data, knowledge and intelligence into contextual insight and commercial guidance. By engaging with our clients, and providing innovative products and services, we enable our clients to transact with confidence, facilitating the flow of capital and commodities around the world, enhancing investment and contributing to economic growth.

ICAP Information, part of the TP ICAP group, the world’s largest interdealer broker, has launched a new, comprehensive market data service for the Indian OTC market.

The new service will allow participants to access information based on real-time bids and offers, rather than having to rely on indicatives – providing a uniquely accurate, reliable and independent insight into market activity for the first time.

Made possible by ICAP’s leading market position, the service will source data from five desks – four onshore and one offshore – as well as provide real-time data direct from I-Stream, India’s first and largest electronics swaps trading platform. Users will gain direct access to real-time data relating to INR denominated Money Markets, FX, Interest Rate Derivatives and Fixed Income instruments across the region.

Smita Gupta, Head of Credit and Interest Rate Derivatives comments: “Since its launch a decade ago, I-Stream has emerged head-and-shoulders as the primary hub for price discovery and execution in India’s OTC market. While the growth of this market to date has been staggering, there is still a long way to go – India is the world’s fastest growing economy and its appeal to offshore participants will only increase.

“What participants need, as the market continues to open up, is both price transparency and a trusted trade-backed source for market valuations. This has been a missing piece of the puzzle so far, and it is what we are looking to provide with this new service. 

“On top of the inherent benefit of having access to real-time traded information as opposed to theoretical indicatives, the service is also designed to help users comply with complex regulatory onshore and cross-border needs, and facilitate robust risk-monitoring. This will put users in a much better position as the market continues to open up to offshore investment and becomes more liquid, and provides an element of futureproofing as onshore regulations inevitably falls in line with international standards regarding pricing, risk and transparency”

The launch is the latest to emerge from the partnership between TP ICAP’s Data Analytics and Global Broking divisions, with the aim of turning TP ICAP’s market leading position into innovative data products that provide unprecedented insight and coverage into less liquid or well-covered markets. It follows the recent launch of new Euro IRO and Global Inflation services, with more new offerings to come later in the calendar year, and beyond.

Ovie Koloko, Global Head of Product Management comments: “This new product is a perfect example of how TP ICAP is able to use its unique market position to bring liquidity and transparency to exciting-but-still-developing markets like the Indian OTC arena. As well as giving our customers a distinct competitive edge, providing insight in this way should improve the functioning of the market as a whole, as it takes an increasingly important position on the world stage. It’s fantastic to see our approach bearing fruit like this, and there is much more yet to come.”

About ICAP Information

ICAP Information is the market data & price information division of ICAP Group and delivers independent OTC data solutions to financial professionals. With over 400 million updates per day and constant advances in product complexity, ICAP’s data is the intelligence behind algorithmic trading, research models, risk and compliance applications and portfolio pricing and management.  

ICAP Information is part of TP ICAP group which manages a portfolio of businesses, providing intermediary services, contextual insights and intelligence, trade execution solutions, and data and analytics. For further information on TP ICAP please visit tpicap.com.

TP ICAP is aware of a fraudulent cryptocurrency website.

The ‘clone firm’ activity is in regards to the fake ICAP Crypto website, icapcrypto.com. 

We want to make it clear that ICAP Crypto is not part of ICAP or TP ICAP.

We have been in contact with the Financial Conduct Authority (FCA), who have issued a warning and requested that the domain provider removes the website.

We would urge clients to take care when contacting us via digital media as internet fraud is becoming increasingly common. If you have been in contact with this website or the fraudsters, we would recommend that you contact the Financial Conduct Authority (FCA) immediately.

Further details on the ‘clone firm’ and how to alert the Financial Conduct Authority (FCA) can be found here: https://www.fca.org.uk/news/warnings/icap-crypto-clone-authorised-firm.