The firm drafts top talents to further grow its execution offering in the region

London, 2 December 2024 — Liquidnet, a leading technology-driven agency execution specialist, today announced the appointment of three new hires to its European Execution & Quantitative Services (EQS) team. Launched in 2014, the EQS team advises Liquidnet’s buy-side Members on algorithmic strategies, trade analytics, and quantitative products and services.

Prashanth Manoharan has been appointed Head of Execution Consulting in EMEA. In his new role, he will focus on enhancing Liquidnet’s core algorithmic trading offering, deep diving into market microstructure, and collaborating with Members to enhance execution quality. This forms a part of a longer-term strategy for the firm to further strengthen its algorithmic trading capabilities. Manoharan will also play a pivotal role in developing the firm’s multi-asset analytical and execution consulting capabilities. He joins Liquidnet from BNP Paribas, where he was Director of Cash Equities Analytics, overseeing the strategic direction of Global Analytics and Product. Prior to BNP Paribas, he was Head of Electronic Equities Analytics for Europe and the Americas at Deutsche Bank in London. Manoharan spent nearly 10 years at the firm and, in 2022, its electronic equities business was acquired by BNP Paribas.

Oliver Ekers joins Liquidnet with over a decade of industry experience, most recently as European Execution Trader for Instinet. In his role as Execution Trader at Liquidnet, Ekers will provide sales trading coverage across high-touch and algorithmic trading.

The final, newest member of the team, Henry Baugniet, Execution Analyst, brings extensive experience as a data scientist. Baugniet joins from The Racing Manager, where he built a real-time trading strategy for in-race horse betting on the Betfair exchange.  

Gareth Exton, Head of Execution and Quantitative Services, EMEA at Liquidnet said: 

"As our members navigate a fragmented and complex liquidity landscape, they need a comprehensive service model from their agency partner to guide them. At Liquidnet, we are committed to meeting this need, offering high-touch, portfolio, and algorithmic trading channels through our trading desk, along with our robust Execution Consulting capabilities. Prashanth, Oliver, and Henry bring valuable expertise that will help us further enhance our service model, and I’m thrilled to welcome them to our growing team."

Prashanth Manoharan, Head of Execution Consulting, EMEA at Liquidnet commented: 

"The opportunity to further enhance our algorithmic trading capabilities and collaborate with our Members to optimize execution outcomes is a key focus. As markets become more complex, it's crucial that we continue pushing the boundaries to deliver innovative solutions that meet our clients’ needs. Liquidnet holds a unique position in championing the buy-side. I look forward to working with the team to bring exceptional services to our Members."

Liquidnet’s EQS team works together with Liquidnet’s Member community – which comprises over 1,000 of the world’s top asset managers – to understand their investment process, analyse performance and customise algorithmic and broader execution capabilities. In 2024, Liquidnet was home ​to the largest print in 15 of the 18 European markets1, and to eight of the 10 ​largest blocks in EMEA2. In April, the firm introduced SuperBlock TM Matching, a controlled environment for the execution of exceptionally large block trades.  

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About Liquidnet    
Liquidnet is a leading technology-driven, agency execution specialist that intelligently connects the world’s investors to the world’s investments. Since our founding in 1999, our network has grown to include more than 1,000 institutional investors and spans 57 markets across six continents. We built Liquidnet to make global capital markets more efficient and continue to do so by adding additional participants, enabling trusted access to trading and investment opportunities, and delivering the actionable intelligence and insight that our customers need. For more information, visit www.liquidnet.com and follow us on X @Liquidnet. 

About TP ICAP Group plc   
TP ICAP is a world-leading markets infrastructure and data solutions provider. The Group connects buyers and sellers in wholesale financial, energy and commodities markets. We are the world's largest wholesale market intermediary, with a portfolio of businesses that provide broking services, trade execution, data & analytics, and market intelligence.   

Media Contact 
Sophonie Robichon | Liquidnet | +44-203-933-0153 | srobichon@liquidnet.com        

 

DUBAI, UAE, 2 December 2024 — TP ICAP Group, a leading provider of market infrastructure, today announced a strategic expansion of its Middle East operations with the opening of a new office in the Dubai International Financial Centre (DIFC). The new facility, three times larger than the existing space, will bring the company closer to its clients, delivering service across the Middle East and North Africa (MENA) region.

The office located in Central Park Towers will serve as a strategic hub for TP ICAP’s business operations across the region, bringing together key brands under the Group umbrella, including ICAP, Tullett Prebon, PVM, Parameta Solutions, and COEX. The expansion will provide clients with seamless access to TP ICAP’s comprehensive market data and broking solutions, backed by a strong local presence.

This unified regional hub is designed to meet the needs of an increasing number of TP ICAP’s clients settling in the UAE and other key marketplaces in the region, as well as being strategically positioned to serve important Asian markets.

Christophe Moser, Managing Director and Head of Dubai said:  

"At TP ICAP we put our clients first, being closer to them, understanding their needs and the landscape in which they operate, enables us to anticipate how we can best serve them in the future. This expansion in the DIFC, one of the world’s premier and fastest growing financial hubs, underscores the Group’s vision of delivering industry-leading liquidity and data solutions, broadening its market reach in a pivotal and high-growth region.”

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About TP ICAP Group plc   
Through our people and technology, TP ICAP connects buyers and sellers in global financial, energy, and commodities markets. We are a world-leading provider of liquidity and data solutions, with a portfolio of businesses that provide broking services, data & analytics, and market intelligence that are trusted by clients globally. We operate from more than 60 offices across 28 countries, supporting brokers with award-winning technology.

TP ICAP (Dubai) Limited is authorised and regulated as a Category 3A firm by the Dubai Financial Services Authority (DFSA).
 

Media Contact    
Tom Gilbert | +44 7741231950 | thomas.gilbert@tpicap.com        

 

•    Amazon Web Services to collaborate with TP ICAP to accelerate development of Fusion, TP ICAP’s market-leading electronic platform.
•    TP ICAP and Amazon Web Services to co-develop sustainability trading solutions. 
•    Amazon Web Services to apply its expertise to establish TP ICAP AI and Innovation Lab.

LONDON, 3 December 2024 — TP ICAP Group (LON: TCAP) (TP ICAP), a world-leading provider of financial markets infrastructure and data solutions, and Amazon Web Services, Inc. (AWS), an Amazon.com, Inc. company (NASDAQ: AMZN), today announced a major agreement to streamline and scale TP ICAP’s technology infrastructure. 

A key focus of this multifaceted agreement is to accelerate the development of Fusion, TP ICAP’s flagship digital platform. Fusion, a cloud-based platform, is designed to enhance TP ICAP’s ability to serve clients throughout the transaction lifecycle. 

The collaboration with AWS will involve 45 highly skilled AWS Professional Services engineers working alongside TP ICAP’s technology teams to co-develop the Fusion platform. Utilising data analytics and generative AI to enhance developers’ productivity, this agreement aims to more than halve new product development times, enhance scalability, and nearly double TP ICAP’s IT workload on AWS Cloud to more than 80%. 

Additionally, AWS will work with TP ICAP to reinforce its leadership in energy and commodities brokerage. Focusing on the energy transition, TP ICAP and AWS will explore opportunities to co-develop innovative, sustainability-focused trading solutions, and support Amazon’s suppliers in creating decarbonisation plans, aligning with Amazon’s net-zero carbon ambition by 2040. 

AWS will also help TP ICAP establish an AI and Innovation Lab to accelerate and scale AI-driven solutions. This lab will build on TP ICAP’s successful projects to date, like automating regulatory governance reviews with Amazon Bedrock and creating a Chatbot to automate client engagement analysis and generate actionable insights. 

Nicolas Breteau, Group CEO, TP ICAP, said: 

“This strategic collaboration with AWS positions TP ICAP as a leader in digital transformation within our industry. We will be able to develop new functionality, faster, to enhance our electronic platform, Fusion. And by equipping our teams with AI expertise and tools, we will further strengthen our ability to develop new solutions, execute at scale, and better serve our clients.”

Tanuja Randery, VP & Managing Director AWS EMEA, said: 

“We are excited to embark on this transformative journey with TP ICAP. TP ICAP’s “All in on Cloud” strategy aims to migrate over 80% of its technology infrastructure to AWS by the end of 2026. This will reduce TP ICAP’s reliance on physical data centres and legacy systems, delivering millions in annual savings and cutting carbon emissions. And with the establishment of its AI and Innovation Lab, TP ICAP is also investing in training, equipping its workforce with capabilities and skills in developing advanced AI-driven solutions.”

Scott Mullins, Managing Director, Financial Services at AWS, said: 

"Leveraging AWS generative AI capabilities like Amazon Bedrock, TP ICAP will be able to rapidly deliver innovative services, gain predictive insights, increase productivity, and better respond to customer needs. This collaboration underscores AWS's leadership in wholesale markets and our ability to deliver secure, compliant, and AI-enabled solutions that drive tangible business value.” 
 

This new seven-year strategic collaboration agreement builds on the proven decade-long working relationship between TP ICAP and AWS.
 

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About TP ICAP Group plc
TP ICAP is a global leader in connecting buyers and sellers across financial, energy, and commodities markets. Leveraging our expertise and cutting-edge technology, we provide unparalleled OTC liquidity and data solutions. Our portfolio includes renowned brands such as ICAP, Tullett Prebon, PVM, Liquidnet, and Parameta Solutions. These brands deliver trusted broking services, comprehensive data & analytics, and insightful market intelligence to clients worldwide. With a presence in over 60 offices across 28 countries, TP ICAP is committed to driving market efficiency and innovation. 

About Amazon Web Services
Since 2006, Amazon Web Services has been the world’s most comprehensive and broadly adopted cloud. AWS has been continually expanding its services to support virtually any workload, and it now has more than 240 fully featured services for compute, storage, databases, networking, analytics, machine learning and artificial intelligence (AI), Internet of Things (IoT), mobile, security, hybrid, media, and application development, deployment, and management from 108 Availability Zones within 34 geographic regions, with announced plans for 18 more Availability Zones and six more AWS Regions in Mexico, New Zealand, the Kingdom of Saudi Arabia, Taiwan, Thailand, and the AWS European Sovereign Cloud. Millions of customers—including the fastest-growing startups, largest enterprises, and leading government agencies—trust AWS to power their infrastructure, become more agile, and lower costs. To learn more about AWS, visit aws.amazon.com.

About Amazon
Amazon is guided by four principles: customer obsession rather than competitor focus, passion for invention, commitment to operational excellence, and long-term thinking. Amazon strives to be Earth’s Most Customer-Centric Company, Earth’s Best Employer, and Earth’s Safest Place to Work. Customer reviews, 1-Click shopping, personalized recommendations, Prime, Fulfillment by Amazon, AWS, Kindle Direct Publishing, Kindle, Career Choice, Fire tablets, Fire TV, Amazon Echo, Alexa, Just Walk Out technology, Amazon Studios, and The Climate Pledge are some of the things pioneered by Amazon. For more information, visit amazon.com/about and follow @AmazonNews. 

Media Contact    
Tom Gilbert | +44 7741231950 | thomas.gilbert@tpicap.com        

 

Please note that the Rate Card has been updated, effective 1st of November 2024. 

Please direct any questions regarding this Market Notice to:

Email: islotfoperator@tpicap.com 

Post: TP ICAP Broking Limited, 135 Bishopsgate, London EC2M 3TP, United Kingdom.

Please note that the Rate Card for European Government Bonds has been updated, effective from 25 of November 2024. 

Please direct any questions regarding this Market Notice to:

Email: islotfoperator@tpicap.com 

Post: TP ICAP Broking Limited, 135 Bishopsgate, London EC2M 3TP, United Kingdom.

Liquidnet releases new liquidity-seeking algorithm primary markets workflow. 

New York, 12 November 2024 — Liquidnet, a leading technology-driven agency execution specialist, today announced the release of SmartDark, its latest algorithm for its equities platform, designed to enhance how institutional traders can execute their trades through prioritized routing with larger executions and better price stability. 

Alan Polo, Head of Sales and Trading, Americas, said: 

"Today’s markets remain volatile and complex for buy-side traders to navigate. Although many algorithms in the market boast exceptional performance, the reality is that an algorithm's effectiveness depends entirely on the quality of the liquidity it can reach. SmartDark is a great illustration of our ability to develop innovative solutions for the buy-side that help traders access liquidity."

Available in the U.S., SmartDark incorporates a variety of yield and quality metrics to give traders an optimal blend of targeted liquidity-seeking strategy and maximum liquidity exposure, resulting in the opportunity to trade on high quality venues with better price stability.

Scott Kartinen, Head of Global Algo Products, commented: 

"Our algorithms are one of our core differentiators and we’re proud to offer a new addition to our lineup. As one of the few unconflicted, agency-only brokers with expertise in lit, dark, and block markets, we are in a unique position to craft execution strategies that effectively navigate complex markets and secure the liquidity buy-side traders need. We’re excited to see SmartDark aid our Members in executing their orders more efficiently."

The algorithm sits within the Liquidnet Dark space and leverages the existing framework to offer a new tool to enhance traders’ execution abilities. Liquidnet Dark has an average block execution size of 28,000 shares for all trades crossed by Liquidnet and an overall block participation rate of 44%.

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About Liquidnet    
Liquidnet is a leading technology-driven, agency execution specialist that intelligently connects the world’s investors to the world’s investments. Since our founding in 1999, our network has grown to include more than 1,000 institutional investors and spans 57 markets across six continents. We built Liquidnet to make global capital markets more efficient and continue to do so by adding additional participants, enabling trusted access to trading and investment opportunities, and delivering the actionable intelligence and insight that our customers need. For more information, visit www.liquidnet.com and follow us on X @Liquidnet. 

About TP ICAP Group plc   
TP ICAP is a world-leading markets infrastructure and data solutions provider. The Group connects buyers and sellers in wholesale financial, energy and commodities markets. We are the world's largest wholesale market intermediary, with a portfolio of businesses that provide broking services, trade execution, data & analytics, and market intelligence.   

Media Contact 
Sophonie Robichon | Liquidnet | +44-203-933-0153 | srobichon@liquidnet.com