TP ICAP, a leading global markets infrastructure and data solutions provider, is delighted to announce that its Fusion platform has won OTC trading platform of the year at the 2022 Risk Awards.

The Risk Awards are the industry's longest-running and most prestigious awards, recognising firms for performance and innovation across all OTC derivatives platforms. 

Fusion is a multi-asset liquidity platform that is driving the transition of TP ICAP’s Global Broking business from voice to electronic protocols.  The platform enables clients to smoothly access TP ICAP's liquidity pools across all products, asset classes, brands and regions.

The strategy brings together dedicated hubs for the Rates, FX, Credit and Energy asset classes, offering material scope for trading correlation opportunities.

Embracing features such as single sign-on and a common look-and-feel user interface covering all TP ICAP screens, Fusion enables clients to trade the way they want with highly customisable screens. This allows for an easier and more efficient workflow for traders active across multiple instruments or asset classes to absorb information pre-trade, at point of trade, and post-trade. 

Don McClumpha, Chief Executive Officer, TP ICAP, EMEA, said: "Fusion has the potential to modernise market infrastructure for the benefit of our clients.  Having dedicated electronic trading hubs for Rates, FX, Credit and Energy – all accessible via Fusion – offers tremendous scope for trading correlation opportunities.  This win is recognition of Fusion’s scale of potential use and the innovation demonstrated by our teams who have developed the platform.  Kudos to them, huge thanks of course to our clients for your ongoing support, and thanks too to Risk for your measured consideration." 

Read the article published on Risk.net here

About TP ICAP Group plc

TP ICAP Group plc is a leading global markets infrastructure and data solutions provider.  The Group operates a portfolio of separate and competing brands to deliver intermediary services, contextual insights and intelligence, trade execution, pre- and post-trade services, and data-led solutions. We are formed of four business divisions:

• Global Broking: the largest Interdealer Broker in the world operating under the ICAP, Tullett Prebon and Louis Capi1tal brands servicing clients in Rates, FX, Credit and Equities. We match buyers and sellers, facilitate price discovery, liquidity, execution and risk management.
• Energy & Commodities: the world’s leading OTC energy and commodities broker operating under the ICAP, PVM and Tullett Prebon brands. Active in all major commodities markets including oil, gas, power, renewables, ferrous metals, base metals, precious metals and soft commodities. 
• Agency Execution: serving the buy side operating under the Liquidnet and COEX Partners brands. We provide trading services for a broad range of asset classes, serving a sophisticated client base of asset managers, asset owners and hedge funds.
• Parameta Solutions: formed of two businesses - Data & Analytics (D&A) and Post Trade Solutions.  D&A is the world leader in providing of scarce, neutral OTC data.  Consequently, it is well placed to offer unbiased data products and solutions that facilitate trading, enhance transparency, reduce risk, improve operational efficiency and a broad range of risk management solutions.  Post Trade Solutions provides pure electronic services focused on resetting, compression and repo.

www.tpicap.com

Media Contact

TP ICAP

Fay Rajaratnam

Fay.Rajaratnam@tpicap.com

Maitland/AMO

Freddie Barber

+44 (0) 782 519 7570

fbarber@maitland.co.uk

Tullett Prebon, part of TP ICAP group, a leading provider of market infrastructure, announces that it has successfully launched its energy broking business in Brazil. The move opens the door for institutional market participants across the world to trade the country’s energy, over 80% of which is renewable[1].

Tullett Prebon is the first international brokerage company to transact an energy deal in the Brazilian market using OTC (over the counter) voice broking. Operating since October 2021, the Brazil power team has already seen strong momentum, completing multiple transactions in its first few weeks of trading, the majority of which have been derived from renewable sources.

Oliver Maarraoui, Managing Director of Latin American Energy and Commodities at TP ICAP, said: “Entering the Brazilian energy market has been an ambition of ours for some time, particularly given the focus on renewables in the country. As a global leader in commodities broking, TP ICAP is well placed to support the growth of Brazilian energy trading by increasing liquidity, transparency, and price discovery in this market.

“Operating under the Tullett Prebon brand, we have a very strong team of brokers based out of Sao Paulo, locally managed by Gonzalo Terracini. It is very encouraging to see that they have already seen a significant amount of interest from global market participants as Brazil increasingly becomes an attractive market for ESG-focused investors.”

Andrew Polydor, CEO Global Markets at TP ICAP, said: ”The early success of our Brazilian energy broking desk reflects the growing demand for access to renewable energy from global financial markets. We always listen closely to client needs and it became clear that it was the right time to have a team on the ground to service that demand.

“Green energy is fast becoming a driving force in financial markets and we’re seeing investors and traders across the world looking to increase exposure to renewable energy as a priority. In countries like Brazil we are working to put in place effective market infrastructure to help to accelerate the transition to a more sustainable future. This is another proof point in TP ICAP’s ambition to be the leading broker for the transition to a low carbon economy.”

Brazil has the second largest hydropower capacity in the world, accounting for the majority of the country’s annual power generation[2]. We also see significant potential within its wind and solar industries. The Brazilian government has launched several policies to promote renewable sources, with onshore wind and solar photovoltaic (PV) both being major focus areas[3]. The Brazilian energy market is also active in the voluntary carbon credit market and we believe that this has considerable potential to grow.

About TP ICAP Group plc

TP ICAP Group plc is a leading global markets infrastructure and data solutions provider.  The Group operates a portfolio of separate and competing brands to deliver intermediary services, contextual insights and intelligence, trade execution, pre- and post-trade services, and data-led solutions. We are formed of four business divisions:

• Global Broking: the largest Interdealer Broker in the world operating under the ICAP, Tullett Prebon and Louis Capital brands servicing clients in Rates, FX, Credit and Equities. We match buyers and sellers, facilitate price discovery, liquidity, execution and risk management.
• Energy & Commodities: the world’s leading OTC energy and commodities broker operating under the ICAP, PVM and Tullett Prebon brands. Active in all major commodities markets including oil, gas, power, renewables, ferrous metals, base metals, precious metals and soft commodities. 
• Agency Execution: serving the buy side operating under the Liquidnet and COEX Partners brands. We provide trading services for a broad range of asset classes, serving a sophisticated client base of asset managers, asset owners and hedge funds.
• Parameta Solutions: formed of two businesses - Data & Analytics (D&A) and Post Trade Solutions.  D&A is the world leader in providing of scarce, neutral OTC data.  Consequently, it is well placed to offer unbiased data products and solutions that facilitate trading, enhance transparency, reduce risk, improve operational efficiency and a broad range of risk management solutions.  Post Trade Solutions provides pure electronic services focused on resetting, compression and repo.

www.tpicap.com

[1] International Renewable Energy Agency, Brazil energy profile, 2020

[2] McKinsey & Company, How Brazil can optimize its cost of energy, 10 March 2021

[3] GlobalData, Brazil Power Market Outlook, 2021

TP ICAP, a leading global markets infrastructure and data solutions provider, has added another major market maker, Susquehanna, to its Digital Assets Spot platform, due to launch this year.  

Susquehanna Digital Assets, LLC is a member of The Susquehanna International Group of Companies (Susquehanna), and is a global quantitative trading firm built on a rigorous, analytical foundation with deep experience in the traditional financial markets. One of the largest proprietary global quantitative trading firms in the world, Susquehanna was an early entrant to the cryptocurrency market. The company handles millions of transactions on exchanges around the world every day. 

The addition of Susquehanna to the platform follows that of Flow Traders, Jane Street and Virtu Financial, and will provide further liquidity and ensure competitive prices for buyers and sellers.

TP ICAP’s new Digital Assets Platform, which remains subject to registration with the UK Financial Conduct Authority, will feature a wholesale electronic Over The Counter (OTC) marketplace for spot crypto asset trading, including Bitcoin and Ethereum.  The platform will also include post-trade infrastructure that provides straight through processing (STP) and payment netting services for executed trades into a network of digital asset custodians. 

Simon Forster, Co-Head of Digital Assets at TP ICAP, said:

“It’s great news to be welcoming another highly regarded liquidity provider to the platform, adding greater liquidity and bringing deep expertise for our global network of clients. As interest grows in Digital Assets from institutional investors and traders, partnerships of this calibre, in addition to our position as independent broker, means that we are well placed to guide new entrants to the market and support the growth of this exciting asset class.”

Ben Hessels, at Susquehanna Digital Assets, LLC, said:

“Susquehanna is thrilled to work alongside TP ICAP as we look towards the launch of this new digital asset platform. There is substantial institutional interest in the space, and thus a need for institutional-grade liquidity. Susquehanna has long been a liquidity provider in the digital asset spot markets, as well as various futures and derivative markets as they have come online. This TP ICAP – Susquehanna partnership marries the infrastructure and connectivity that investors demand with the liquidity they need.“ 

About TP ICAP Group plc

TP ICAP Group plc is a leading global markets infrastructure and data solutions provider.  The Group operates a portfolio of separate and competing brands to deliver intermediary services, contextual insights and intelligence, trade execution, pre- and post-trade services, and data-led solutions. We are formed of four business divisions:

• Global Broking: the largest Interdealer Broker in the world operating under the ICAP, Tullett Prebon and Louis Capi1tal brands servicing clients in Rates, FX, Credit and Equities. We match buyers and sellers, facilitate price discovery, liquidity, execution and risk management.
• Energy & Commodities: the world’s leading OTC energy and commodities broker operating under the ICAP, PVM and Tullett Prebon brands. Active in all major commodities markets including oil, gas, power, renewables, ferrous metals, base metals, precious metals and soft commodities. 
• Agency Execution: serving the buy side operating under the Liquidnet and COEX Partners brands. We provide trading services for a broad range of asset classes, serving a sophisticated client base of asset managers, asset owners and hedge funds.
• Parameta Solutions: formed of two businesses - Data & Analytics (D&A) and Post Trade Solutions.  D&A is the world leader in providing of scarce, neutral OTC data.  Consequently, it is well placed to offer unbiased data products and solutions that facilitate trading, enhance transparency, reduce risk, improve operational efficiency and a broad range of risk management solutions.  Post Trade Solutions provides pure electronic services focused on resetting, compression and repo.

www.tpicap.com


About Susquehanna

Susquehanna Digital Assets, LLC, a member of the Susquehanna International Group of Companies (SIG), provides liquidity in the digital asset spot market, as well as in digital asset futures and options. SIG is a global quantitative trading firm founded with a growth mindset and an analytical approach to decision making. As one of the largest proprietary trading firms in the world, SIG benefits the financial markets by providing liquidity and ensuring competitive prices for buyers and sellers. SIG brings together the brightest minds, the best technology, and an expansive library of data to design and implement qualitative trading strategies that make it a leader in the financial markets. Beyond trading, SIG is active in global private equity, structured capital, and institutional brokerage. For more information, visit www.sig.com.


 

Media Contacts

TP ICAP
Fay Rajaratnam
T: +44 (0) 781 281 1374                                                                                      E: Fay.Rajaratnam@tpicap.com

Maitland/AMO
Freddie Barber
T: +44 (0) 782 519 7570
E: fbarber@maitland.co.uk

TP ICAP, a leading provider of market infrastructure, has marked a major milestone in its Digital Assets business with the first trades completed on crypto asset equity instruments with Goldman Sachs.

The company’s Digital Assets business traded the ETC Group Physical Bitcoin (Bloomberg Ticker BTCE GY) on an outright basis and against the CME Bitcoin Future in the form of an EFP (Exchange for Physical). Leading crypto Exchange Traded Products market makers DRW, Flow Traders and Jane Street provided liquidity.

TP ICAP is actively providing liquidity to its clients across the CME Bitcoin and Ether Futures and Bitcoin Options and is expanding its product offering alongside partners such as Goldman Sachs. 

There has been a meaningful increase in CME Bitcoin Futures volumes following the recent approvals of the first US Bitcoin Futures based ETFs. TP ICAP expects to see continued interest across crypto asset- based futures and options products and an interbank NDF (Non-deliverable forward) market develop on Bitcoin, and potentially Ether, throughout the course of 2022.

Simon Forster, Co-Head of TP ICAP Digital Assets, said: “We’re delighted to start providing liquidity for clients in these European crypto asset equity instruments alongside Goldman Sachs and some of the most respected market makers in the space. We look forward to adding further equity instruments and to start providing our clients with access to crypto asset ETFs out of the US in the near future. We’ve seen increasing interest in crypto assets products this year as it continues to mature and institutionalise as an asset class. We expect to see more growth and more demand for these kinds of products in 2022.”

Bernardus Roelofs. Head of ETF and Institutional Sales & Trading at DRW, said: ”We are excited to provide liquidity to TP ICAP to meet the growing institutional demand for crypto exchange traded products (ETPs) from sophisticated market participants such as Goldman Sachs.  As a leading global market maker in crypto ETPs, spot and derivatives, we look forward to expanding the partnership and serving as a source of trusted, deep liquidity as institutional demand for the products offered on the platform continues to increase.”

Max Minton, APAC Head of Digital Assets at Goldman Sachs, said: “We are excited to work with firms like TP ICAP as we continue to evolve our cash-settled crypto currency capabilities at Goldman Sachs. Institutional demand continues to grow significantly in this area and this partnership will help us expand our capabilities to serve our clients.”

TP ICAP’s Digital Assets business was launched in 2019 and is led by Duncan Trenholme and Simon Forster. For more information please contact digitalassets@tpicap.com.

About TP ICAP Group plc

TP ICAP Group plc is a leading global markets infrastructure and data solutions provider.  The Group operates a portfolio of separate and competing brands to deliver intermediary services, contextual insights and intelligence, trade execution, pre- and post-trade services, and data-led solutions. We are formed of four business divisions:

• Global Broking: the largest Interdealer Broker in the world operating under the ICAP, Tullett Prebon and Louis Capi1tal brands servicing clients in Rates, FX, Credit and Equities. We match buyers and sellers, facilitate price discovery, liquidity, execution and risk management.
• Energy & Commodities: the world’s leading OTC energy and commodities broker operating under the ICAP, PVM and Tullett Prebon brands. Active in all major commodities markets including oil, gas, power, renewables, ferrous metals, base metals, precious metals and soft commodities. 
• Agency Execution: serving the buy side operating under the Liquidnet and COEX Partners brands. We provide trading services for a broad range of asset classes, serving a sophisticated client base of asset managers, asset owners and hedge funds.
• Parameta Solutions: formed of two businesses - Data & Analytics (D&A) and Post Trade Solutions.  D&A is the world leader in providing of scarce, neutral OTC data.  Consequently, it is well placed to offer unbiased data products and solutions that facilitate trading, enhance transparency, reduce risk, improve operational efficiency and a broad range of risk management solutions.  Post Trade Solutions provides pure electronic services focused on resetting, compression and repo.

www.tpicap.com

Media Contacts

TP ICAP
Fay Rajaratnam
T: +44 (0) 781 281 1374                                                                                      E: Fay.Rajaratnam@tpicap.com

Maitland/AMO
Freddie Barber
T: +44 (0) 782 519 7570
E: fbarber@maitland.co.uk

TP ICAP, a leading global markets infrastructure and data solutions provider, is pleased to announce that leading liquidity providers Jane Street and Virtu Financial have committed to supporting the upcoming launch of the TP ICAP Digital Assets Spot Platform. 

The addition of the market makers will help provide the platform with the tight pricing that clients expect and from brands they recognize and trust.

TP ICAP’s new Digital Assets Platform, which remains subject to registration with the UK Financial Conduct Authority[1], will feature a wholesale electronic Over The Counter (OTC) marketplace for spot crypto asset trading, including Bitcoin and Ethereum.  The platform will also include post-trade infrastructure that provides straight through processing (STP) and payment netting services for executed trades into a network of digital asset custodians. 

Simon Forster, Co-Head of Digital Assets at TP ICAP, said:

“TP ICAP has long standing relationships across multiple asset classes with both Jane Street and Virtu. We have been working with the Digital Assets teams of these businesses for some time so bringing their expertise and spot liquidity into our ecosystem is a natural evolution that reflects our shared commitment to this asset class. Having another two blue chip market makers on board at launch will help provide competitive and deep liquidity to our global network of clients who are looking to engage in crypto assets for the first time“.

Thomas Uhm of Jane Street, said: “We are excited to help create robust trading networks across the crypto ecosystem, and TP ICAPs platform represents a significant new example. We at Jane Street have been applying our cross-asset expertise to provide liquidity across digital assets since 2017, and we’re glad to continue expanding the ways we can help develop the emerging crypto ecosystem. As more institutions look to interact with digital assets, offerings like TP ICAPs platform will help advance important conversations about achieving and managing exposure to digital assets."

Laine Litman of Virtu Financial, said:

"For crypto assets to have a meaningful and broad adoption in capital markets across participants, there need to be top-tier platforms that address the needs of institutional participants. The launch of TP ICAP's Digital Assets Spot Platform is an exciting partnership opportunity for Virtu as it does that and is among the first of its kind. Clients can leverage the platform's institutional-grade protocols, TP ICAP's long standing presence in capital markets and firms' like Virtu's experience as leading global market makers to integrate liquidity of digital assets into a trusted and familiar trading format."

[1] TP ICAP is required to register the TP ICAP Digital Assets Platform with the FCA under the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 (“MLRs”). TP ICAP has submitted an application to the FCA, and the platform will only launch once that registration process has been completed. The FCA’s responsibility under this regime is limited to AML/CTF registration supervision and enforcement only. It is not a license from the FCA or a recommendation or endorsement of the platform.

About TP ICAP Group plc

TP ICAP Group plc is a leading global markets infrastructure and data solutions provider.  The Group operates a portfolio of separate and competing brands to deliver intermediary services, contextual insights and intelligence, trade execution, pre- and post-trade services, and data-led solutions.  We are formed of four business divisions:

• Global Broking: the largest Interdealer Broker in the world operating under the ICAP, Tullett Prebon and Louis Capital brands servicing clients in Rates, FX, Credit and Equities. We match buyers and sellers, facilitate price discovery, liquidity, execution and risk management.
• Energy & Commodities: the world’s leading OTC energy and commodities broker operating under the ICAP, PVM and Tullett Prebon brands. Active in all major commodities markets including oil, gas, power, renewables, ferrous metals, base metals, precious metals and soft commodities. 
• Agency Execution: serving the buy side operating under the Liquidnet and COEX Partners brands. We provide trading services for a broad range of asset classes, serving a sophisticated client base of asset managers, asset owners and hedge funds.
• Parameta Solutions: formed of two businesses - Data & Analytics (D&A) and Post-Trade Solutions.  D&A is the world leader in providing of scarce, neutral OTC data.  Consequently, it is well placed to offer unbiased data products and solutions that facilitate trading, enhance transparency, reduce risk, improve operational efficiency and a broad range of risk management solutions.  Post-Trade Solutions provides pure electronic services focused on resetting, compression and repo.

www.tpicap.com

About Jane Street

Jane Street is a global trading firm and market maker with offices in New York, London, Hong Kong, and Amsterdam. We provide 24-hour liquidity around the world in ETFs, equities, commodities, options, bonds, and crypto assets. As a firm of collaborative problem solvers, we leverage our technology and expertise to provide consistent liquidity across market conditions.

About Virtu Financial

Virtu is a leading provider of financial services and products that leverages cutting-edge technology to deliver liquidity to the global markets and innovative, transparent trading solutions to its clients. Leveraging its global market making expertise and infrastructure, Virtu provides a robust product suite including offerings in execution, liquidity sourcing, analytics and broker-neutral, multi-dealer platforms in workflow technology. Virtu’s product offerings allow clients to trade on hundreds of venues across 50+ countries and in multiple asset classes, including global equities, ETFs, foreign exchange, futures, fixed income, crypto currencies and myriad other commodities.  In addition, Virtu’s integrated, multi-asset analytics platform provides a range of pre- and post-trade services, data products and compliance tools that clients rely upon to invest, trade and manage risk across global markets.

Media Contacts

TP ICAP
Fay Rajaratnam
T: +44 (0) 781 281 1374                                                                                      E: Fay.Rajaratnam@tpicap.com

Maitland/AMO
+44 207 379 5151
E: tpicap-maitland@maitland.co.uk 

TP ICAP Group, a leading provider of market infrastructure, announces that its ICAP Weather desk has been named best Weather Risk Management Broker for Europe and North Americas in Environmental Finance's Annual Market Rankings 2021. The awards celebrate the leading green, social and sustainability bond deals and leading market participants.                  

Environmental Finance's Annual Market Rankings recognise firms for their thought-leadership, best practice, or innovation. The award is judged by industry leaders and fellow participants operating in the same landscape.

2021 has been another hugely successful year for the ICAP Weather desk, which completed a landmark solar derivative deal in Australia, bringing together a renewable energy provider and a reinsurance company participant with a fixed agreement for the first time. The transaction enabled an Australian utility company to lock in a fixed price for the electricity generated by its solar plant, ensuring certainty of a fixed price in a market that is highly volatile.

It also launched a first of its kind Climate Index this year, in partnership with Speedwell. The Index uses global weather data to track climate change thereby allowing financial risk related to the rate of climate change to be traded.

TP ICAP has made strong progress towards its aim to be the broker for the transition to a green economy, and has plans to continue that work throughout 2022.  

Nick Ernst, Managing Director, Weather Markets, TP ICAP, said: "We are delighted to be named best broker for Weather Risk Management in Europe and North America. It's a testament to the quality of the people across our team that continue to drive innovation and create opportunities for market participants to diversify their risks and increase investment in the renewable energy industry."

About TP ICAP Group plc

TP ICAP Group plc is a leading global markets infrastructure and data solutions provider.  The Group operates a portfolio of separate and competing brands to deliver intermediary services, contextual insights and intelligence, trade execution, pre- and post-trade services, and data-led solutions. We are formed of four business divisions:

• Global Broking: the largest Interdealer Broker in the world operating under the ICAP, Tullett Prebon and Louis Capi1tal brands servicing clients in Rates, FX, Credit and Equities. We match buyers and sellers, facilitate price discovery, liquidity, execution and risk management.
• Energy & Commodities: the world’s leading OTC energy and commodities broker operating under the ICAP, PVM and Tullett Prebon brands. Active in all major commodities markets including oil, gas, power, renewables, ferrous metals, base metals, precious metals and soft commodities. 
• Agency Execution: serving the buy side operating under the Liquidnet and COEX Partners brands. We provide trading services for a broad range of asset classes, serving a sophisticated client base of asset managers, asset owners and hedge funds.
• Parameta Solutions: formed of two businesses - Data & Analytics (D&A) and Post Trade Solutions.  D&A is the world leader in providing of scarce, neutral OTC data.  Consequently, it is well placed to offer unbiased data products and solutions that facilitate trading, enhance transparency, reduce risk, improve operational efficiency and a broad range of risk management solutions.  Post Trade Solutions provides pure electronic services focused on resetting, compression and repo.

www.tpicap.com

Media Contact
TP ICAP
Joss Turner
E: Joss.Turner@tpicap.com