ICAP information, part of TP ICAP, the world’s largest interdealer broker, has launched two new data sets, covering EURO Interest Rate Options (IRO) and Global Inflation. By making this data commercially available for the first time TP ICAP aims to provide market participants with greater transparency in a traditionally opaque asset class. The release of this new data follows ongoing efforts to strengthen the group’s leading position in providing superior data products, working closely with TP ICAP’s Global Broking division. The EURO IRO package, built on ICAP Information’s leading position in the market as a provider of liquidity, offers an unprecedented level of coverage and granularity in this asset class. The Global Inflation package is a broader offering, encompassing a wide variety of inflation data from across the world, including Australian and Israeli data. It marks the first time that such a comprehensive range of inflation data, from across all major regions, has been made commercially available to the wider market from a single source.

Ovie Koloko, Global Head of Product Management, comments:
“Since last year the Data & Analytics and Global Broking divisions have been working closely together in a formalised partnership. The aim being to take advantage of the brokers’ market leading position, gather data from across the business, and make it available to the wider community. Filling existing gaps in quality or coverage, or where information has simply never been accessible before, has been our initial focus. “These latest two products are examples of what the relationship can achieve and we’re confident that these packages will be of tremendous use to a variety of our clients. By disseminating this information more widely, we are aiming to create a virtuous circle. This approach will drive better analytics and services in our Global Broking division, which will ultimately give us better data. This is just the start. Our customers can expect further innovative data packages over the coming year.”

The information contained within both packages will be for price discovery and accurate securities pricing in the front office, as well as risk management, valuation and independent price verification in middle and back office functions. The information also comes with a large amount of historical data.

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 www.tpicap.com.

Tullett Prebon, part of TP ICAP Group, the world’s largest interdealer broker, today announces the appointment of Andrew Patterson to the London Metal Exchange (LME) desk as a Senior Account Executive. 

Andrew will join Tullett Prebon next month and will operate from the business’s Energy and Commodities hub in Victoria, London. Patterson has over 24 years of experience in commodities, having worked most recently in the metals trading and sales space for Societe Generale, where he was Head of Metal Commodities  & Iron Ore, EMEA. Before this, Andrew spent 12 years as Senior Director of Metals London at Newedge.

Andrew will report into Mark Sedgwick and Stephen Walter, Co-Desk Heads of LME products, and joins the business with a desire to get back into hands-on broking.

Andrew Polydor, CEO, TP ICAP Energy & Commodities, commented: “We are delighted to welcome Andrew to our LME desk. We are always on the lookout for quality hires who can add to the profitability of the desk, and we have every confidence that Andrew can deliver this for us.”

For further information:

Joss Turner
Communications Assistant
Joss.Turner@tpicap.com
+44 0 207 200 7456

About Tullett Prebon

Tullett Prebon 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 www.tpicap.com 

ICAP Energy LLC, part of TP ICAP group, the world’s largest interdealer broker, today announces the appointment of Nicholas Ernst and Eric Ernst who have been hired to run the new ICAP Weather Derivatives desk within the Energy & Commodities division. The new team brings a wealth of experience in weather derivatives and weather contingent commodity deals to the business and will be essential in assisting ICAP customers in reducing their weather-related risks. Award-winning broker, Nicholas, joins ICAP as Managing Director, Weather Markets, having worked in the sector for 17 years. He previously held the position of Director of Weather Markets at Choice Energy. Before this, Nicholas spent 10 years as Director of Weather and Catastrophic Risk Markets at Evolution Markets.

Eric joins ICAP as a Weather Broker having previously spent five years at Choice Energy. Before this, Eric spent three years in the renewable energy space. Gregory Holtgrave, Head of ICAP Americas Energy & Commodities, said: “This is an exciting time for ICAP Energy & Commodities. The appointments of Nicholas and Eric show our commitment to expand and explore new opportunities across the global energy and commodities space. I’d like to welcome them to their new roles, and I look forward to working closely with them as we build out this new offering.”

Contacts:

Laura Whybrow Communications Manager

Laura.Whybrow@tpicap.com

020 7200 7568

About ICAP
ICAP is a leading markets operator and provider of post trade risk mitigation information services. ICAP matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, FX, emerging markets and equity derivatives through voice and electronic networks, post trade risk mitigation and ICAP’s information services, provides data across all key asset classes and offers innovative solutions for real-time, end-of-day and historical products. ICAP is a TP ICAP company. For further information, please visit www.icap.com.

TP ICAP, the world’s largest interdealer broker, is pleased to announce that Mike du Plessis has been appointed as Senior Managing Director of its Institutional Services division, reporting to John Ruskin, CEO of Institutional Services.

Mike will join TP ICAP in New York on July 8th, adding extensive client development, electronic execution and leadership experience across FX, Rates, Credit, and Equity Derivatives. Mr. du Plessis joins from UBS A.G., where he spent 8 years as a Managing Director in senior roles in London and New York, including Global Head of FX, Rates & Credit Execution Services and Global Head of ETD Macro Execution.

Prior to joining UBS in 2010, Mike worked for almost 20 years in listed and cross rates sales, including roles at Cube Financial, Lehman Brothers and Deutsche Bank. He has also served as a Board Member of FIA Europe (previously the Futures & Options Association in London).

TP ICAP’s Institutional Services division provides an agency sales and execution service in a wide range of asset classes, to a sophisticated client base of hedge funds, asset managers and asset owners.

“I am delighted that Mike has agreed to join us. He brings immense credibility and expertise to our growing Institutional Services franchise and I am confident he will make a significant contribution to furthering our ambitions”, said John Ruskin, CEO of Institutional Services. “Mike has a strong reputation for his singular vision for agency execution and client focus; his appointment is a response to the growing demand amongst our clients for truly impartial and measurable execution quality alongside dedicated pre and post trade service provision.” 

Enquiries: 

TP ICAP:

William Baldwin-Charles
Director of Media Relations

william.baldwin-charles@tpicap.com

+44 (0) 20 7200 7124

About TP ICAP

We are 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.

tpicap.com

TP ICAP, the world’s largest interdealer broker, today announces the appointment of Roland Anderson to the Data & Analytics (D&A) leadership team. This follows higher than market average revenue growth of 8% in 2018 by D&A and a strong pipeline of new products planned for the year ahead.

Roland will join as Chief Technology Officer, D&A, from NEX, where he is the Global Market Data Operations Manager. He starts in May for a period of handover with Martin Walters, who will retire in June after 25 years of service. Mr Anderson previously worked at ICAP for 10 years, leading technology at ICAP Information Services.

We are also pleased to announce that Anuj Mital will be taking on the role of Chief Administrative Officer, D&A. Mr Mital joined ICAP in July 2016 as Head of Finance Operations EMEA, and has been Global Finance Business Partner since October 2017, making significant contributions to the business. In his expanded role, Mr Mital will more actively support D&A’s growth ambitions.

Commenting on the moves, Eric Sinclair, CEO of Data & Analytics, said: “The appointments of Roland and Anuj reinforce the strength and technical capabilities of our team. The new leadership will help us build on our growth and strategic ambitions. I’d like to welcome the two to their new roles and I look forward to working closely with them to drive the evolution of our business. I’d also like to thank Martin for his significant contributions over the years and wish him all the best.”

Enquiries:

TP ICAP:

Eilís Murphy, Brunswick Group

emurphy@brunswickgroup.com

+44 (0) 20 7404 5959

Laura Whybrow

Communications Manager

laura.whybrow@tpicap.com

+44 (0) 20 7200 7568

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.

10 December unveiled as the date for the 27th global ICAP Charity Day event

London, 10 April, 2019: ICAP, part of TP ICAP group, the world’s largest interdealer broker, is delighted to announce that this year’s ICAP Charity Day will take place on 10 December 2019. With £4.5 million raised in 2018, the company hopes that this year’s event will increase the total raised since the first Charity Day in 1993 to more than 
£150 million.

Each year, ICAP Charity Day raises money for charities across the globe, with 100% of the revenues and commissions generated on one day each year donated to a variety of different causes. 18 ICAP offices were involved last year and 120 different charitable organisations benefited.

Last year, to support the charities on the day, Her Royal Highness, The Duchess of Cornwall, attended alongside a host of celebrity ambassadors and patrons including actor Chiwetel Ejiofor CBE, model Suki Waterhouse and TV personality Keith Lemon in London. Meanwhile, high profile supporters including actors Michael Douglas and Forest Whitaker joined employees to raise money in New York.

ICAP Charity Day looks to support charitable causes focusing on social mobility, with an emphasis on education and training; assisting disadvantaged children and families; health and disability; and, environment and animal welfare.

Nicolas Breteau, Group Chief Executive Officer, TP ICAP, said: “Our company-wide CSR strategy ‘A Voice For All’ focuses on charitable initiatives that give people a break in life, whatever their background and wherever they are from. Within this, ICAP Charity Day is a very important date in our calendar and we are looking forward to supporting many more worthwhile causes in 2019.”

Charities can apply to be involved in this year’s ICAP Charity Day through the ICAP Charity Day website.

- Ends -
 

Contacts:

William Baldwin-Charles, Group Media Relations Director, TP ICAP
020 7200 7124
William.Baldwin-Charles@tpicap.com

Laura Whybrow, Communications Manager, TP ICAP
020 7200 7568
laura.whybrow@tpicap.com

Background Information on Charity Day

ICAP Charity Day was founded in 1993 to grow its charitable giving programme through an innovative fundraising initiative that would make a significant difference to charities. Made possible through its unique position in the financial markets, the Company and its brokers committed to donating all revenues and commissions on one day a year, to a select group of charities around the world to guarantee that they would receive a sizeable contribution to fund much needed projects and initiatives. Now in its 27th year, ICAP, its customers and partners have collectively raised almost £145 million to date and supported more than 2,400 projects worldwide. www.icapcharityday.com   

About ICAP

ICAP is a leading markets operator and provider of post trade risk mitigation and information services. ICAP matches buyers and sellers in the wholesale markets in interest rates, credit, commodities, FX, emerging markets and equity derivatives through voice and electronic networks, post trade risk mitigation and ICAP’s information services which provide data across all key asset classes and offer innovative solutions for real-time, end-of-day and historical products. ICAP is a TP ICAP company. For further information, please visit www.icap.com.

TP ICAP, the world’s largest interdealer broker, is pleased to announce that Mark Russell will be joining TP ICAP as Chief Commercial Officer, Credit EMEA, reporting to Frits Vogels, CEO EMEA.

Mark will join TP ICAP in the summer and brings a wealth of experience in helping businesses to grow and explore new opportunities and market structures. He will be responsible for evolving trading protocols and workflows to meet clients’ demands and offer innovative solutions in a challenging regulatory environment.

In his most recent role as Head of Credit at Tradeweb in Europe, Mark was responsible for the launch of its European matched principal trading business and led the adoption of a new model to meet market changes.  Prior to that he spent 19 years at UBS where he ran the electronic bond trading platform Bond Port, overseeing the build-out of the bond execution business and its role within the banking group.

Frits Vogels, CEO EMEA said: “We are pleased to welcome Mark to the team. He has vast experience in market change and we are confident that he will play a major role in identifying new opportunities and building out our existing propositions.”

Enquiries:

William Baldwin-Charles,

Group Media Relations Director

William.Baldwin-Charles@tpicap.com

+44 (0) 20 7200 7124

Laura Whybrow

Communications Manager

laura.whybrow@tpicap.com

+44 (0) 20 7200 7568

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

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