ICAP (Hong Kong), part of TP ICAP a leading provider of market infrastructure, is pleased to announce that it has brokered two landmark transactions as the market transitions from LIBOR and HIBOR based fixings to USD SOFR and HKD HONIA respectively. 

The two swap transactions involved were a one-year CNH Fixed versus HONIA and a one-year CNH Fixed versus SOFR.

Tom Lovell, Head of Global Broking for TP ICAP, Asia Pacific, said: “The significance of these two transactions underscores not only the importance of these new industry benchmarks as a replacement to “IBOR” fixings, but also the importance of Hong Kong SAR as the premier CNH centre.”
 

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.

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

Media Contact 
TP ICAP  
William Baldwin-Charles 
E: william.baldwin-charles@tpicap.com
T: + 44 20 7200 7124 

Proposed Acquisition of Liquidnet

The transaction accelerates the delivery of the three pillars of TP ICAP’s strategy – aggregation, electronification and diversification. It represents a transformational opportunity for TP ICAP to diversify its business mix, accelerate the upward shift of its revenue growth profile and improve underlying operating margin.

TP ICAP Group CEO Nicolas Breteau explains the strategic rationale of the transaction.

Transaction Microsite

To access documents relating to the transaction please, visit the dedicated transaction microsite here.

TP ICAP, a leading provider of market infrastructure, today announces the appointment of David Everson as Head of Matchbook Credit, EMEA.

TP ICAP’s Matchbook business is a post-trade risk management solution that helps clients achieve cost efficiencies. David will build on TP ICAP’s growing portfolio of optimisation products to cover Fixed Income and Emerging Markets across EMEA.

David’s experience spans traditional voice and electronic broking, where he has gained an in-depth understanding of trader workflows, changing market structure and regulation. David joins from Tradeweb where he was Head of Credit Sweep Europe; responsible for the day to day running of the European Sweep business and projects including Tradeweb’s all to all anonymous trading protocol, and a Portfolio Trading Tool for the buy-side. Prior to this David spent 10 years at GFI broking both cash and CDS.

Joining David is Rosie Wood. Rosie joins TP ICAP as Matchbook Sales and Liquidity Manager, also from Tradeweb. Rosie brings a wealth of experience in trading connectivity and electronic markets, gained from a variety of positions held at Tradeweb.

Mark Russell, Chief Commercial Officer, Credit at TP ICAP said: “David and Rosie have joined TP ICAP to drive further product development and manage the deeper technical integration with our clients in the credit space. They will grow Matchbook, our risk management solutions business, which was launched to complement our existing credit business and expand the services we offer to our clients.”

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.

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

Media Contact

TP ICAP  
Harriet Austerberry 
E: harriet.austerberry@tpicap.com
T: +44 (0) 20 3933 3012 

We are delighted to share with you news of an award for our General Counsel, Philip Price. Philip has been named by Legal Business as General Counsel of the Year and has been listed amongst his peers in the Legal Business GC Powerlist 2020 under Leadership and Development.

The Legal Business General Counsel of the Year is the premier award among legal professionals globally, and is the award every GC wants to win. Philip was described in the write-up as the ‘standout choice for this year’s award’. 

This latest achievement tops a successful year for Philip and his team. The award highlights not only Philip’s expertise and leadership, but also an efficient and effective legal function.

Congratulations, Philip!

IDB of Year
To be awarded 'Interdealer Broker of the Year' is a fantastic achievement and a fitting reward for the Group’s strong performance this year. Our strategy of electronification, aggregation and diversification resonated with the GlobalCapital editorial panel who were impressed with our plans to complement our traditional broking business with additional revenues "but without losing sight of the importance of brokers to their model". GlobalCapital recognised that our ambition to expand our offering and move up the value chain in Data & Analytics is underpinned by our leading global broking division. 

The judges commented that TP ICAP is a "very sharp and savvy" organisation which utilises its market share effectively with a unique culture and first rate people. The manner in which we adapted to Covid-19 and remote working was also commended.  

Data & Analytics Vendor of the Year 
A raft of new product launches by the Data & Analytics team helped drive growth at double the rate of the rest of the industry in 2019 and led to GlobalCapital awarding it 'Vendor of the Year'.

The editorial panel was impressed by the volume and variety of our product offering, noting that Data & Analytics had 'outperformed the market, rolling out a broader suite of products in 2019'. Last year the division grew revenues by 11%, more than double 5.4% seen by the wider industry. That momentum has continued into 2020 with first-half revenues climbing 9% as the new products gained traction. Data & Analytics aims to be as a trusted adviser to clients, not just a facilitator of transactions. Listening and responding to client feedback, the team can create platforms tailored to individual client’s needs, thus providing the highest level of satisfaction and security to customers.

More awards
Elsewhere, Tullett Prebon was named FX Derivatives Broker of the Year for the second year in a row and Credit Derivatives Broker of the Year, while ICAP won the Interest Rate Broker of the Year award. 

The GlobalCapital Global Derivatives Awards recognise excellence in the IDB sector. To win five awards, including two at Group level, shows the strength of our offering and the quality of our people. 

Full Breakdown of awards: 

•    Interdealer Broker of the Year- TP ICAP
•    Data & Analytics Vendor of the Year- TP ICAP
•    FX Derivatives Broker of the Year- Tullett Prebon
•    Interest Rate Interdealer Broker of the Year- ICAP
•    Credit Derivatives Interdealer Broker of the Year- Tullett Prebon
 

TP ICAP Group, a leading provider of market infrastructure, today announces the appointment of two senior roles in its Data & Analytics division. Jeff Missimer joins TP ICAP from Bloomberg Polarlake as Head of Sales Americas, while Rhys Spencer has been promoted to Head of Sales Asia. The newly-created roles complete the division’s global sales leadership team, joining Lisa Ward, Head of Sales EMEA, and Jonathan Cooper, Global Head of Sales.

The new hires support TP ICAP Group’s wider strategy to diversify and grow its revenue streams and client base. The team’s immediate focus is to assist clients with their risk management and total cost of ownership using Data & Analytics’ new suite of solutions including its Bond Evaluated Price service and SURFIX market data API.

Jeff’s vast experience, notably in the buy-side and energy and commodities space, aligns with Data & Analytics’ ambitions to grow its offering in these areas. Based in New York, Jeff brings more than 25 years of experience, his most recent position being Head of Sales Americas at Bloomberg Polarlake.

Rhys has been with TP ICAP Data & Analytics for over 10 years, during which time he has built a deep understanding of the firm’s client base and the Asia Pacific region. Based in Singapore, he will be focused on implementing a talent acquisition strategy to establish a team focused on growing revenue from client segments including asset managers and hedge funds.

Jonathan Cooper, Global Head of Sales at TP ICAP Data & Analytics, said:

“Providing clients with insight from our unique data-led solutions is essential in helping them to make better-informed investment decisions and to meet their regulatory requirements. Alongside Lisa, appointing Jeff and Rhys strengthens our global sales coverage, enabling Data & Analytics to better anticipate and meet more of our clients’ needs over time.”

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.

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

Media Contact
TP ICAP
Laura Whybrow
Email: laura.whybrow@tpicap.com