MDX Technology (MDXT), a leading provider of solutions to help content owners maximise the value of their data, is pleased to announce that TP ICAP’s Data & Analytics business has gone live with MDXT’s data distribution solution. This is being implemented to support increasing client demand for flexible access to premium content by broadening data distribution channels to Microsoft Excel, web portals, mobile apps and Symphony apps, supplementing TP ICAP’s Data & Analytics division’s existing channels to market.

Designed to enhance the firm’s overall data distribution capabilities, MDXT has been seamlessly integrated with TP ICAP’s Data & Analytics division’s core infrastructure to collect real-time data for direct distribution to clients via multiple end points. This important new initiative will help to further satisfy their clients’ growing demand for flexible, direct access to the premium market data sets that TP ICAP’s Data & Analytics business provides. It will significantly improve the overall client experience and generate new revenue streams for the business.

Roland Anderson, Chief Technology Officer - Data & Analytics, TP ICAP, commented.
“The MDXT implementation is perfectly aligned with our business development strategy. The goal is to offer our clients access to a far wider range of delivery options for our data sources and enable us to continually meet the evolving demands of our users.”

Paul Watmough, CEO at MDXT concluded.
“TP ICAP’s Data & Analytics business is a long-standing client and we are delighted to be expanding our footprint and supporting this important initiative. This clearly demonstrates the power and flexibility of the MDXT platform and the speed and ease in which it can be adapted to suit the specialist needs of our clients.”

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.

Our values of honesty, integrity, respect and excellence underpin everything we do.

About MDX Technology Ltd
MDX Technology is leading provider of solutions to help content owners maximise the value of their data ensuring all users get the data they need, where and when they need it - on time, every time! These unique offerings were created to enhance, and fully support, the data distribution needs of both Sell and Buy side financial institutions, Trading Venues, Inter Dealer Brokers and Commodities and Energy firms. Our proven solutions, developed by the industry’s leading experts in this field, are in daily use within some of the world’s premier trading institutions. MDX Technology is privately owned. The company is headquartered in London, with sales and customer support representation in all the major financial centres, either directly or via our trusted international partner network. For more information, go to www.MDXTechnology.com.

For more information please contact:
Paul Watmough | paul.watmough@mdxtechnology.com | +44 (0) 7778 356657

For press enquiries please contact:
Clare Walsh | clare@adessotech.co.uk | +44 (0) 7768 770757
Hannah Pewter | hannah@adessotech.co.uk | + 44 (0) 7500 905415

TP ICAP, the world’s largest interdealer broker, is today announcing that its Data & Analytics (D&A) division is embarking on a new partnership with analytics company, Credit Benchmark.

Credit Benchmark is the first financial data company to provide consensus credit risk estimates on a global range of corporates, sovereigns, financial institutions, and funds. Currently the largest single source of credit data for rated and un-rated entities, the firm draws its credit risk insights from a contributed data model that harnesses the collective intelligence of the world’s leading financial institutions. As an alternative source of credit risk, Credit Benchmark scores provide a timely and accurate assessment of risk for roughly 22,000 counterparties globally.

TP ICAP D&A will produce a credit proxy solution, combining market pricing with Credit Benchmark ratings. Customers will benefit from enhanced price discovery, xVA, trading and risk management capabilities. TP ICAP will provide Credit Benchmark with data from its Tullett Prebon Information (TPI) business, for research into the relationship between real world and risk neutral credit risk.

Bill Haney, CEO of Credit Benchmark said, “We are pleased to be supporting TP ICAP’s D&A team in enhancing their sector-level credit risk offerings. Not only will this partnership greatly expand the breadth and depth of TP ICAP’s coverage, it will enable Credit Benchmark to broaden the reach of our analytics product offerings. We look forward to working closely with TP ICAP on continued innovations in the credit risk analytics space.”

Ovie Koloko, Global Head of Product Development for Data & Analytics at TP ICAP, said: “There is an opening in this market and we see our existing credit data sales business as a potential area of growth. Credit Benchmark’s business model provides a broader and more timely assessment than traditional rating methods. We plan on developing solutions that assist firms with regulations such as FRTB and the addition of Credit Benchmark’s analytics will enable us to better meet the needs of our clients. We look forward to building on our existing relationship.”

The data will be distributed directly and available through TPI.

Enquiries TP ICAP:

Aspectus Group

Emilie Rowe

Account Director

Emilie.rowe@aspectusgroup.com

+44 (0) 20 7242 8867

Enquiries Credit Benchmark:

Yaprak de Beaufort

Head of Strategy and Business Development

yaprak.debeaufort@creditbenchmark.com

Telephone: +44 (0) 20 7099 0562

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, Mirexa Capital, 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.

Our values of honesty, integrity, respect and excellence underpin everything we do.

www.tpicap.com

TP ICAP, the world’s largest interdealer broker, is today pleased to announce that it has signed a commercial lease with British Land to create a new London headquarters at 135 Bishopsgate, Broadgate, EC2.  

The offices will cover 123,000 square feet across the second, third, fourth and eleventh floors of 135 Bishopsgate. It is anticipated that the move date will be in the second quarter of 2020 following the comprehensive refurbishment of the building.

TP ICAP’s Tullett Prebon and ICAP Global Broking Businesses will operate out of this flagship building, alongside support staff and corporate functions. The new offices, which are a cornerstone of the vibrant Broadgate campus, next to London’s Liverpool Street Station, will have physically separated spaces for competing brands, including individual entrances and security restrictions.

TP ICAP has already signed commercial leases to move staff into new offices in major global financial centres including Singapore, Sydney and New York, where 200 Vesey Street in Manhattan will become the company’s North American headquarters. The group has also created a dedicated hub for its Energy and Commodities businesses at The Verde Building in Victoria, SW1.    

Nicolas Breteau, CEO of TP ICAP, said: “This is great news for our London-based employees, who will benefit from the excellent facilities available at 135 Bishopsgate. Our new headquarters reflect the ambition we have for our business and will provide an environment in which our competing brands will continue to thrive. It is also an important landmark in the group’s integration as we reduce our global footprint of offices.”

David Lockyer, Head of Broadgate, British Land, said: “The quality of Broadgate’s offering and the service we provide here has been a key driver in TP ICAP’s decision to remain at the campus. Overlooking one of London’s liveliest streets, 135 Bishopsgate’s refurbishment marks a significant milestone in Broadgate’s evolution into a world class, mixed-use destination where innovation and finance meet. It will deliver a great environment for our office occupiers, and Eataly’s arrival at the building in 2020 will significantly enrich the retail and leisure mix to complement the surrounding neighbourhoods of Spitalfields, Shoreditch, Old Street and the City.”

Pamela Jones, Operational Change Manager at TP ICAP, was named in the FT & HERoes 50 Female Future Leaders category at the FT Women at the Top summit last night. The recognition, marked in a celebration at The Landmark Hotel in London, has been awarded for Pamela’s work advocating women in the Finance industry during her 25 year career.

The award is part of the annual FT & HERoes Champions of Women in Business list, which was launched last year to celebrate female and male executives who have made a substantial difference to women’s careers.

Pamela was listed in the Female Future Leaders category for her charity work focusing on driving gender equality. She is currently an Advisory Board member and Brand Ambassador for Dress for Success, a charity that provides free professional clothing to women from disadvantaged backgrounds; she also mentors students at the Central Foundation Girls School in Bow.

In addition, Pamela is an active Board member and Chair of the mentoring committee of WILD, Women in Listed Derivatives.

Pamela Jones, Operational Change Manager, TP ICAP: “I am honoured to be listed as an FT & HERoes Female Future Leader and Future Leader Role Model. Where so few women who look like me are celebrated for their contribution in this industry, I feel fortunate and privileged to be acknowledged. I’m committed to helping younger women continue to strive and be recognised in our industry, as it is vital that we all continue to see ourselves reflected as successful leaders.”

Frits Vogels, CEO EMEA, TP ICAP: “This is a fantastic achievement and I’d like to congratulate Pamela for being recognised for her commitment to helping others succeed. Pamela has been heavily involved in formalising our own internal women’s network and I know she will continue to be a brilliant advocate for women across the industry.”

All nominations were reviewed by a judging panel and scored on the seniority and influence of their role, their work done internally and externally to champion women, their recent and significant business achievements and the testimonial provided with their nomination.

Singapore

ICAP and PVM, part of TP ICAP, the world’s largest interdealer broker, today successfully completed their move to join Tullett Prebon in the Singapore Land Tower, Raffles Place. Taking approximately 36,300 sq ft of office space over four floors, the move brings brokers and corporate employees from each brand under the same roof. The new offices will be based across levels 38, 39, 41 and 42.  

While TP ICAP remains committed to operating Tullett Prebon, ICAP and PVM as separate and competing brands, this brings the corporate function closer together to enable more efficient support of all three businesses. 

Level 41 is occupied by Tullett Prebon Energy, ICAP Energy and Money Markets, and PVM brokers, all operating in their own secure, independent areas. Floors 38, 39 and 42 are now occupied by Tullett Prebon Money Markets, Management teams, Corporate employees, TP ICAP IT and Support functions. 

Barry Dennahy, CEO, TP ICAP, APAC said: “This is an important milestone for TP ICAP in Singapore. The co-location of all three competing brands will enable us to improve our combined IT infrastructure and achieve significant cost savings. We are delighted with the new office space, which is well located for transport links and nearby restaurants.” 

The corporate address for the new office is: 50 Raffles Place, #41-00 Singapore Land Tower, Singapore 048623. 

About TP ICAP 

TP ICAP brings together buyers and sellers in global financial, energy and commodities markets. It is the world’s largest wholesale market intermediary, with a portfolio of businesses that provide broking services, data & analytics and market intelligence, trusted by clients around the world. We operate from offices in 31 countries, supporting award-winning brokers with market-leading technology. 

tpicap.com 

TP ICAP’s Data & Analytics division launches two new data sets for SOFR derivatives

 - Data businesses Tullett Prebon Information and ICAP Information launch two new products to support trading and risk modelling as the SOFR benchmark gains traction -

6 September 2018: TP ICAP, the world’s largest interdealer broker, has launched two distinct and differentiated data packages for derivatives linked to the Secured Overnight Financial Rate (SOFR) index, through its Data & Analytics division. These two data products have been sourced from TP ICAP’s competing broking businesses – Tullett Prebon and ICAP – using their separate liquidity pools.

Developed from volume observations, modelling and data capture, the new offerings mark a milestone for derivatives trading around the index. Since launch in April 2018, volumes for derivatives tied to SOFR – the LIBOR alternative published by the Federal Reserve Bank of New York – have steadily increased. As the list of major banks, asset managers and other institutions using these derivatives grows, the need for an institutional-grade infrastructure to support trading has emerged.

The two data packages have been designed to provide a comprehensive view of the SOFR-linked derivatives markets to support enhanced trading, risk management and analytics, with the two separate data sets providing an overarching picture of the market.

Eric Sinclair, CEO of TP ICAP’s Data & Analytics division, said: “After Tullett Prebon arranged and executed the first SOFR v Fed Funds Basis Swap in July, both businesses have seen an uptick in volumes as institutions interested in the USD interest rate swap market begin to prepare for an upswing in these trades. We are uniquely positioned to offer separate data sets from two of the major liquidity pools for these OTC derivatives, and the pairing of these data sets provides a holistic view of the market at any given time”.

Both offerings include indicative curves, delivered in real-time or end-of-day, for Basis Swaps (SOFR vs 3M $ LIBOR, SOFR vs $ Fed Funds Compounded) and Fixed vs SOFR.

Sinclair continued: “We made the decision to launch these two data products because, from experience, all signs are pointing to the emergence of a robust market. In an OTC marketplace, the more variety and depth that an institution can have using trade data, the more accurate their pricing and modelling becomes. Here, our competing brokerage model serves as a strength in that these two products can be used together to deliver the first comprehensive view into how this market is unfolding.”

For information on data sets from TPI or II, those interested should contact the TP ICAP sales team on sales@tpinformation.com or sales@icapinformation.com.

Tullett Prebon, part of TP ICAP, the world’s largest interdealer broker, has been made aware by the Financial Conduct Authority (FCA) of fraudsters using details of the firm to scam individuals in the UK.

Further details of this type of activity, known as ‘clone firm’, can be found on the FCA website.

The current ‘clone firm’ activity is linked to fraudsters using the following incorrect address under the Tullett Prebon name:

288 Oldfield Lane North, Greenford London, UB6 8PS;
North Circular Road, London, NW10 7TL

The FCA advises that, if you think you have been approached by an unauthorised or ‘clone firm’, you should contact them on the following helpline: 0800 111 6768

The correct addresses for all TP ICAP businesses are detailed below:

Tullett Prebon (Europe) Limited
Registered Office – Tower 42, Level 37, 25 Old Broad Street, London, EC2N 1HQ
Trading Address – 155 Bishopsgate, London, EC2M 3TQ

ICAP Europe Ltd
Registered Office – Tower 42, Level 37, 25 Old Broad street, London, EC2N 1HQ
Trading Address – 2 Broadgate, London, EC2M 7UR

PVM Oil Associates Ltd
Registered Office and Trading Address – 117 Jermyn Street, London, SW1Y 6HH

Mirexa Capital, a trading name of Tullett Prebon (Securities) Limited
Registered Office – Tower 42, Level 37, 25 Old Broad Street, London, EC2N 1HQ
Trading Address – 20 Balderton St, London W1K 6TL

London, New York, Singapore:

The Board of TP ICAP plc today announces that Rupert Robson, Chairman of the Company, has informed the Board of his intention to retire from the role on 31 December 2018, the end of the Company’s current financial year.

Rupert joined the Board of Tullett Prebon plc in January 2007 and became Chairman in March 2013. The Board will undertake a comprehensive search for a new Non-Executive Chairman, which will be led by Angela Knight, Senior Independent Director of the Company.

Rupert Robson, Chairman TP ICAP, said: “TP ICAP has undergone enormous change in recent years. It is now the world’s largest inter-dealer broker. It is roughly halfway through the integration of the global voice and hybrid broking and information businesses formerly owned by NEX Group plc, which were acquired at the end of 2016.  After almost 12 years on the Board, and as the Company develops its strategy for the period following integration, it is timely for me to retire at the end of this year. This is part of the process of considering the Board’s composition in the current year, as I flagged in my governance letter to shareholders in the 2017 Annual Report.  I look forward to the continued success of the Company in the coming years.”

John Phizackerley, CEO TP ICAP,  commented:  “We thank Rupert for his enormous contribution to TP ICAP. Under his Chairmanship the group has been transformed, and looks to the future with a clear strategy for growth. I have thoroughly enjoyed working with him, and wish him well in his future endeavours.”

Enquiries:

TP ICAP

Sam Dobbyn, Investor Relations

+44 (0)20 7200 7147

Jamie Dunkley, Group Media Relations Director

+44 (0) 20 7200 7524

 Brian Buckley, Brunswick

+44 (0) 20 7404 5959

About TPICAP

TP ICAP brings together buyers and sellers in global financial, energy and commodities markets. It is the world’s largest wholesale market intermediary, with a portfolio of businesses that provide broking services, data & analytics and market intelligence, trusted by clients around the world. We operate from offices in 31 countries, supporting award-winning brokers with market-leading technology.

www.tpicap.com

TP ICAP, the world’s largest inter-dealer broker, has been named “Inter-dealer Broker of the Year” at the Financial News annual Trading & Technology Awards.

The awards were decided by a panel of industry experts, taking into account the views of clients and available industry data. The panel recognised the progress TP ICAP made in its integration last year, and also cited the acquisitions of Coex Partners and SCS Commodities as reasons for the award.

Commenting on the recognition, Nicolas Breteau, CEO, TP ICAP Global Broking, said: “We are delighted to be named inter-dealer Broker of the year. This award reflects the high standards of service we provide to our clients and also acknowledges the progress we have made in our integration programme. I’d like to thank everyone at TP ICAP for their continued hard work and hope to win more awards this year.”

London, New York, Singapore – 7 March 2018:

TP ICAP, the world’s largest interdealer broker, enjoyed a memorable evening at the Energy Risk ceremony in London last night.

Tullett Prebon, ICAP and PVM won a combined total of 26 categories, more than any other interdealer broker. Particular highlights included Tullett Prebon receiving the award for ‘Best Overall Institution’ and PVM being named ‘Best Oil Broker’ for a fourth successive year.

The Energy Risk Commodity Rankings rate dealers, brokers and research providers in the global commodity derivatives market.  This year Energy Risk received over 1000 votes from banks, brokers, end users and traders worldwide.

The winning categories are listed below for each brand:

Tullett Prebon

1. Best overall institution
2. #1 Natural Gas Broker
3. #1 Power Broker
4. #1 Energy Broker
5. #1 Zeebrugge (Belgium) Broker
6. #1 UK Broker
7. #1 Germany Broker
8. #1 Nordpool – Broker
9. #1 Netherlands – Broker
10. #1 Belgium – Broker
11. #1 Spain – Broker
12. #1 Weather - Broker

ICAP

1. #1 Precious Metals Broker
2. #1 Gaspool (Germany) Broker
3. #1 US power Broker
4. #1 Gold Broker
5. #1 Silver Broker
6. #1 Platinum and Palladium – Broker

PVM

1. #1 Oil Broker
2. #1 WTI Broker
3. #1 Other North American cruides – Broker
4. #1 Refined products – Broker
5. #1 Europe – Brent - Broker
6. #1 Europe – Refined products – Broker
7. #1 Rest of World crudes – Broker
8. #1 Rest of world refined products – broker

Andrew Polydor, Global Head of Energy & Commodities, Managing Director Energy, said:

“We are delighted with the results from the Energy Risk Commodity Rankings 2018. For TP ICAP to be acknowledged as the best interdealer broker across 26 different categories and to be voted the ‘Best Overall Institution’ is a great achievement. I’d like to thank everyone who took the time to vote for TP ICAP as their broker of choice."

ENDS

Enquiries:
TP ICAP
Jamie Dunkley
Group Media Relations Director
jamie.dunkley@tpicap.com
+44 (0) 20 7200 7524