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TP ICAP, a leading global markets infrastructure and data solutions provider, has added Hudson River Trading to the list of market makers joining its Digital Assets Spot platform, set to launch later this year.
Hudson River Trading is a quantitative trading firm leveraging a world class scientific approach in capital markets. The firm, founded in 2002, has cultivated one of the most sophisticated computing environments for research and development globally, and its researchers are at the forefront of innovation in the world of algorithmic trading. These market-leading algorithms will provide diversified liquidity on TP ICAP’s Digital Assets Spot platform and deliver competitive prices for buyers and sellers.
As the latest liquidity provider confirmed on the platform, Hudson River Trading will join a host of names synonymous with market making, including Susquehanna, Flow Traders, Jane Street and Virtu Financial. The Digital Assets Platform will feature a wholesale electronic Over The Counter (OTC) marketplace for spot cryptoasset trading, including Bitcoin and Ethereum.
While it remains subject to registration with the UK Financial Conduct Authority, the platform’s launch, once approved, will leverage the increasing demand from TP ICAP clients to trade spot cryptoassets. Further to its OTC electronic execution capabilities, the platform also includes post-trade infrastructure providing straight through processing (STP) and payment netting services for settlement of trades across a network of digital asset custodians.
Simon Forster, Co-Head of Digital Assets at TP ICAP, said:
“As we approach the launch of the platform, we are excited to add Hudson River Trading, another exceptional partner, further adding to our liquidity and price discovery capabilities. We have long admired the work of HRT in the market and its commitment to this new asset class, and alongside the numerous market makers already confirmed, highlights the strength, and promise of our Digital Assets Platform. The year has begun with heightened interest in digital assets and we are looking forward to capitalizing on our position as an independent broker with a market leading platform to support the growth of this asset class with institutional investors and traders.”
Brad Vopni, Head of Digital Assets, Hudson River Trading, said:
“With its vast network of high quality liquidity providers, expertise, and commitment to the digital asset space, TP ICAP is an ideal partner for Hudson River Trading. As an active participant in the crypto markets since 2017, we have witnessed a number of major milestones that have helped pave the way for greater institutional adoption of crypto. Together, we will provide a new set of investors with the ability to gain access to this rapidly evolving asset class on a familiar institutional-grade 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:
About Hudson River Trading
Hudson River Trading was founded in New York City in 2002 by a small team of mathematicians and computer scientists, with a focus on applying automation to the financial markets. Today, HRT employs more than 700 people in offices across the globe, trades on over 200 markets, and handles nearly 10% of daily U.S. stock trading volume. HRT has long been involved in cryptocurrency – both as a significant liquidity provider since 2017, and more recently as a venture investor in the crypto space.
Media Contact
TP ICAP
Matt Jones
Communications Manager
Maitland/AMO
+44 207 379 5151
tpicap-maitland@maitland.co.uk
TP ICAP Group, a leading provider of market infrastructure, today announces that it has appointed Darren Hayes as CEO of its Energy & Commodities business in the Americas.
Based in Houston, Texas, Darren will step into to the role after more than six years as Managing Director of North American Energy at TP ICAP. He brings vast experience in the energy trading landscape with over 26 years in the market, previously holding roles at OTCGH, NYMEX, NUON Energy Trade and Wholesale, and Coastal Energy Trading.
Starting in the new role from [insert date], Darren’s appointment comes at a crucial time for the business. Following the launch of its energy broking business in Brazil in February, TP ICAP is looking to further leverage its ESG expertise to clients across the Americas, as well as a continued focus across Liquified Natural Gas, Natural Gas Liquids and traditional gas, power and crude markets.
Andrew Polydor, Head of Global Markets, TP ICAP said: “I am excited to welcome Darren to his new role and see him further utilise his market expertise as our US Energy & Commodities Business goes from strength to strength. With our recent expansion across the region, Darren will play a key role in executing our strategy and affirm our position as a market leader in all phases of energy and commodity transactions.”
Darren Hayes, CEO, Energy & Commodities Americas, TP ICAP said: “Over the last six years I have witnessed first-hand the skills and experience we have on offer in our US business. There is a wealth of opportunity open to us in both traditional and less mature markets and I am looking forward to working with our teams to capitalise on these, like we have already done in the power, gas, crude, refined products and renewable space in Latin America.
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:
Media Contact
TP ICAP
Matt Jones
Communications Manager
21 March 2022
21 Mar 2022 12:00
The purpose of this Market Notice is to confirm that with effect from on 01 April 2022 the iSwap GBP SONIA Market will transfer from the iSwap EU MTF/SEF Venue to the iSwap UK MTF Venue, operated by iSwap Euro Limited.
The GBP Market Maker Incentive Programme will continue to operate under the existing terms after the Venue transfer. These are detailed in the Rate Card.
Venue documentation is available on the iSwap UK MTF Venue page at the link below
Capitalised terms used in this Market Notice shall have the meaning ascribed to them in the iSwap Venue Rulebook, Rate Card or iSwap Market Maker Programme Rulebook.
Please direct any questions regarding this Market Notice to:
Email: i-swap@icap.com
Post:
iSwap Euro Ltd
TP ICAP Group plc
135 Bishopsgate
London
UK
EC2M 3TP
21 March 2022
21 Mar 2022 12:00
The purpose of this Market Notice is to confirm that with effect from on 01 April 2022 the iSwap GBP SONIA Market will transfer from the iSwap EU MTF/SEF Venue to the iSwap UK MTF Venue, operated by iSwap Euro Limited.
The GBP Market Maker Incentive Programme will continue to operate under the existing terms after the Venue transfer. These are detailed in the Rate Card.
Venue documentation is available on the iSwap UK MTF Venue page at the link below
Capitalised terms used in this Market Notice shall have the meaning ascribed to them in the iSwap Venue Rulebook, Rate Card or iSwap Market Maker Programme Rulebook.
Please direct any questions regarding this Market Notice to:
Email: i-swap@icap.com
Post:
iSwap Euro B.V.
Vijzelstraat 68 unit 109,
1017HL,
Amsterdam
TP ICAP Group, a leading electronic market infrastructure and information provider, today announced that it will launch an electronic Foreign Exchange trading platform in Singapore, with support from the Monetary Authority of Singapore (“MAS”).
The platform, which will use TP ICAP’s award-winning Fusion interface, will initially offer trading in Asian 1 Month Non-Deliverable Forwards (NDF) and will be expanded to include FX Forwards and additional tenors in Asian NDFs.
The launch is aligned with MAS’ strategy to strengthen Singapore’s standing as a major trading and corporate treasury hub, which will be furthered by TP ICAP’s industry-leading global broking business and client network.
Nicolas Breteau, CEO of TP ICAP, said: “TP ICAP’s decision to locate a Fusion FX platform in Singapore is an important part of our strategy to enable our clients to trade electronically and access our deep, global liquidity pools. Singapore is the third largest FX trading centre globally and the largest in Asia, and we believe that it will continue to grow.”
Lim Cheng Khai, Executive Director, Financial Markets Development Department of MAS, said: “MAS welcomes the launch of TP ICAP’s electronic Fusion FX trading platform in Singapore. Singapore is geographically well-positioned to offer low latency connections to regional markets, and TP ICAP’s multi-dealer Fusion FX platform will enable market participants from across the Asia-Pacific region to benefit from an improved trading experience.”
Fusion is TP ICAP’s single sign-on, fully customisable electronic platform, from which clients can access the Group’s global liquidity pools across all products, asset classes, regions and brands. Reflecting Fusion’s quality, Risk magazine has recognised it as best-in-class, awarding it ‘OTC Platform of the Year’ for 2022.
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:
Media Contact
TP ICAP
Fay Rajaratnam
+44 7812811374
Maitland/AMO
+44 207 379 5151
In 2021, we saw the return of charities, their celebrity patrons and ambassadors to the ICAP broking floor in London and New York, raising an incredible £3.6 million globally.
The film below captures a part of this iconic event, showing some of the incredible charities we supported, their ambassadors and the ICAP brokers who make it all possible.
Charity Day 2022 – Save the Date
The 30th ICAP Charity Day will take place on Wednesday 7 December 2022. Since it began in 1993, ICAP Charity Day has raised over £155 million and supported over 2,700 charitable projects around the world.
The commitment of our brokers, clients and charity partners and their ambassadors is what makes the event so special and this year was no different. Thank you to everyone involved.
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