8 December 2022 – London:

ICAP, part of TP ICAP group, a leading provider of market infrastructure, is pleased to announce that it raised £4.4 million on its 30th annual global Charity Day, held yesterday.

ICAP’s 30th Charity Day opened with a video message from The Prince of Wales, in his role as Patron of The Passage – one of the charities supported this year.

A host of stars, including Ant and Dec, Simon Cowell, Holly Willoughby and Rachel Riley attended ICAP Charity Day in London on Wednesday. The global event took place across ICAP’s 27 offices worldwide, with 100% of ICAP’s revenues and 100% of its brokers’ commissions donated directly to charitable causes.

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

“I am delighted that this year’s ICAP Charity Day raised £4.4 million, bringing the total amount raised to £160 million since the first Charity Day in 1993. The fantastic amount raised by our landmark 30th annual Charity Day will make a significant difference to many amazing causes and initiatives around the world.

“I would like to thank His Royal Highness The Prince of Wales for his support, and our brokers, clients, charity partners and their celebrity ambassadors for their commitment and dedication to ICAP Charity Day, all of which makes this iconic event so special.”

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Media Contact:

 

TP ICAP

Richard Newman

M: +44 (0) 7469 039 307

Richard.Newman@tpicap.com

Maitland

H Advisers/Maitland

M: +44 207 379 5151

tpicap-maitland@maitland.co.uk

5 December 2022 – London:

ICAP, part of TP ICAP group, a leading provider of market infrastructure, is pleased to announce that its 30th annual global Charity Day will be held on Wednesday 7 December. 

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

Since it began in 1993, ICAP Charity Day has raised more than £155 million and has made over 2,800 donations in support of more than 1,700 charities worldwide. Donations have been made in 25 countries, with medicine, education, and relief from poverty being the most supported causes. Children and young people have been the most supported group, followed by people with ill health or social disadvantage.

In the UK, 30 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 with clients.

Ant and Dec, on behalf of The Prince’s Trust; Gaby Roslin on behalf of Alzheimer’s Research UK; Keith Lemon, representing Shooting Star Children’s Hospices; and David Haye on behalf of Prostate Cancer UK are among the distinguished celebrity ambassadors who will be attending ICAP Charity Day in London this year.

Nicolas BreteauGroup Chief Executive OfficerTP ICAPsaid

“Given that this is the landmark 30th year of ICAP Charity Day, we are delighted to be supporting thirty charities in the UK, and many more across the globe. We know the charitable sector continues to face significant funding challenges; our hope is that the money we raise will help these wonderful causes continue with their invaluable work.

“For our part, we love ICAP Charity Day. Thanks to our brokers, our clients, our vendors and our charity partners, it has developed into an iconic event that has directly benefitted millions of people worldwide – which is a source of great pleasure and pride to everyone in our firm.”

                                                                                                 ENDS

 

Media Contact:

 

TP ICAP

Richard Newman

M: +44 (0) 7469 039 307

Richard.Newman@tpicap.com

Maitland

H Advisers/Maitland

M: +44 207 379 5151

tpicap-maitland@maitland.co.uk

1 December 2022 – London:

TP ICAP, a world leading provider of market infrastructure, announces that Fusion Digital Assets – its wholesale marketplace for spot cryptoassets – has successfully registered as a cryptoasset exchange provider with the UK’s Financial Conduct Authority (FCA).

The innovative trading venue, which is for institutional market participants only, will be operated by Tullett Prebon (Europe) Limited. The platform combines three integrated elements:

  • Fusion, TP ICAP’s proprietary award-winning OTC electronic platform, providing clients with a non-custodial cryptoasset exchange for order matching and trade execution;
  • Fidelity Digital AssetsSM, an industry-leading custodian, providing independent safe keeping of clients’ inventories and settlement services through a segregated model; and
  • Diversified Liquidity, anonymously aggregating streaming liquidity from the world’s leading market makers and uncorrelated liquidity from across TP ICAPs global client base.   

The platform therefore combines TP ICAP’s established expertise in operating venues and organising execution, with Fidelity Digital AssetsSM institutional-grade custodial capabilities, and liquidity from proven market makers. In addition, Fusion Digital Assets will leverage the extensive distribution capabilities of the TP ICAP Group.

Duncan Trenholme, Co-Head of Digital Assets at TP ICAP Group, said: “Despite growing demand from our traditional client base, until now the wholesale digital assets market has lacked the credible infrastructure and assurance necessary for them to allocate capital. Fusion Digital Assets addresses this need. Its distinct attributes – namely a segregated model, TP ICAP’s track record of operating venues, and our means to distribute – are well recognised and trusted by institutional market participants.

“Over time, we believe blockchain will lead to the tokenisation of traditional asset classes. This will result in a more efficient, automated, and risk-mitigated trading and settlement process for financial markets. Fusion Digital Assets positions us well to grasp the opportunities that this change will bring.”

Fusion Digital Assets remains committed to supporting a multi-custody model. The team is working closely with several custodians to provide segregated interoperable custody services to TP ICAP’s client base. These custodians are scheduled to come online over the coming years, in line with client demand and prioritisation.

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Notes to Editor

  • The registration of the UK-based platform builds on TP ICAP’s growing footprint in the digital assets space.
  • Since 2019, TP ICAP’s Digital Assets team, co-headed by Duncan Trenholme and Simon Forster, has been providing price discovery and execution services across a range of cryptoassets.
  • The team also covers a range of cryptoasset Exchange Traded Funds (ETFs) and Exchange Traded Commodities (ETCs). Cryptoasset Over-The-Counter (OTC) derivatives are expected to follow in the coming months. 
  • TP ICAP Digital Assets operates globally from London, New York, Hong Kong and Singapore.
  • For more information on Fusion Digital Assets contact: fusiondigitalassets@tpicap.com

About TP ICAP Group plc

  • TP ICAP connects buyers and sellers in global financial, energy and commodities markets.
  • It is the world's leading 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 more than 60 offices across 27 countries, supporting brokers with award-winning and market-leading technology.

About Fidelity Digital Assets 

  • Fidelity Digital Assets is a subsidiary of Fidelity Investments, dedicated to building products and services that help institutions adopt digital assets.
  • The business offers a full-service enterprise-grade platform for securing, trading and supporting digital assets.
  • Established in 2018, Fidelity Digital Assets combines the operational and technical capabilities one of the world’s largest and most diversified financial services providers with deep and dedicated blockchain expertise to deliver a differentiated offering for institutional investors.
  • Learn more at www.fidelitydigitalassets.com

 

 

Media Contact:

 

TP ICAP

Richard Newman

M: +44 (0) 7469 039 307

Richard.Newman@tpicap.com

Maitland

H Advisers/Maitland

M: +44 207 379 5151

tpicap-maitland@maitland.co.uk

TP ICAP GROUP PLC (“TP ICAP” or the "Group")

1 November 2022

Trading update for the nine months ended 30 September 2022

 

Year-to-date performance (in constant currency, unless in brackets, which denotes reported currency)

Revenue

Total Group revenue of £1,588m in the first nine months of 2022 was up 10% (+15% in reported currency), compared with the same period in 2021. The Group benefitted from favourable market conditions in Global Broking, particularly in Rates, our largest, and most profitable, asset class. The ongoing strengthening of the US Dollar has been a meaningful tailwind: approximately 60% of the Group’s revenue (and approximately 40% of costs) are US Dollar denominated. Excluding Liquidnet (completed on 23 March 2021), revenue increased by 7% (+12%).

At the divisional level, Global Broking revenue was up 9% (+14%). All asset classes generated high single digit to double digit growth. This performance underlines the strength of the franchise, which is well positioned as Central Banks continue to withdraw liquidity and increase interest rates.

In Energy & Commodities (E&C), revenue declined by 3% (+3%), in line with exchange volumes. Oil, our largest asset class in E&C, delivered low single digit growth. As previously reported, the European Gas & Power market is challenging: significant price rises and increased exchange margin requirements resulted in liquidity contracting and low levels of market activity.

Agency Execution revenue, including Liquidnet, was up 34% (+40%). Liquidnet revenue, on a proforma basis, declined by 9% (-7%). In Europe, there was a decline in larger block market trading activity. In the US, there was a shift in mix towards lower rate client segments. Liquidnet’s market share in the US and Europe was broadly unchanged. Parameta Solutions revenue grew by 6% (+15%), with Data & Analytics (D&A) up 9% (+18%).

The Group, as a whole, continues to trade in line with the Board’s expectations.

Third quarter performance (in constant currency, unless in brackets, which denotes reported currency)

During the third quarter of 2022, total Group revenue was £508m, up 5% (+14%) compared with the same period in 2021.

Global Broking revenue was up 12% (+20%). All asset classes generated high single digit to double digit growth, reflecting the continued strong performance. E&C revenue declined by 12% (-3%). In Agency Execution, including Liquidnet, revenue declined by 1% (+6%). Liquidnet revenue declined by 22% (-18%), reflecting the market conditions noted above. In addition, US Agency Alternative Trading System (ATS) volumes, a key contributor for Liquidnet, were subdued, compared with exchanges and OTC venues. Parameta Solutions revenue grew by 6% (+22%), while D&A revenue was up 7% (+24%).

2022 preliminary results

The Group will report its 2022 preliminary results on 14 March 2023. At the results, the Agency Execution division will be reported on a consolidated basis as Liquidnet.

Forward looking statements

This document contains forward looking statements with respect to the financial condition, results and business of the Company. By their nature, forward looking statements involve risk and uncertainty and there may be subsequent variations to estimates. The Company's actual future results may differ materially from the results expressed or implied in these forward-looking statements.

Enquiries:


Analysts and investors
Dominic Lagan
Direct: +44 (0) 20 3933 0447

Email: dominic.lagan@tpicap.com
 

Media
Richard Newman
Direct: +44 (0) 7469 039 307

Email: richard.newman@tpicap.com

 

About TP ICAP

  • TP ICAP connects buyers and sellers in global financial, energy and commodities markets.
  • It is the world's leading 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 more than 60 offices across 27 countries, supporting brokers with award-winning and market-leading technology.