We are currently experiencing a global technology issue, impacting multiple services. Our Technical teams are engaged in resolving the issue as quickly as possible.  Further updates to follow.

Please direct any questions regarding this Market Notice to:

Email: venuequeries@tpicap.com

Post: Tullett Prebon (Europe) Limited, 135 Bishopsgate, London, EC2M 3TP, United Kingdom

We are currently experiencing a global technology issue, impacting multiple services. Our Technical teams are engaged in resolving the issue as quickly as possible.  Further updates to follow.

We are currently experiencing a global technology issue, impacting multiple services. Our Technical teams are engaged in resolving the issue as quickly as possible.  Further updates to follow.

We are currently experiencing a global technology issue, impacting multiple services. Our Technical teams are engaged in resolving the issue as quickly as possible.  Further updates to follow.

Email: tpsotfoperator@tpicap.com

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

We are currently experiencing a global technology issue, impacting multiple services. Our Technical teams are engaged in resolving the issue as quickly as possible.  Further updates to follow.

We are currently experiencing a global technology issue, impacting multiple services. Our Technical teams are engaged in resolving the issue as quickly as possible.  Further updates to follow.

We are currently experiencing a global technology issue, impacting multiple services. Our Technical teams are engaged in resolving the issue as quickly as possible.  Further updates to follow.

Liquidnet collaborates with tech company Boltzbit to enhance its Fixed Income      
primary markets workflow. 

LONDON, 16 July 2024 — Liquidnet, a leading technology-driven agency execution specialist, today announced its partnership with cutting-edge, Gen-AI startup Boltzbit to optimize its Fixed Income primary markets workflow.

Leveraging Boltzbit’s unique Artificial Intelligence (AI) Machine Learning solutions and its bespoke workflow model, Liquidnet is now able to receive, process, and display newly announced bond deals at a rate which significantly surpasses its prior parsing technology. As a result, bonds are more readily available through Liquidnet’s deal announcement dashboard and subsequently into its new issue orderbook.

The application of this custom AI model provides Liquidnet’s Members and partner syndicate banks with the distinct advantage of faster access to trading and information distribution. Liquidnet estimates the enhancement improves the time from when they receive unstructured deal data to the bonds being ready by 90%.

Mark Russell, Head of Fixed Income Strategy at Liquidnet, said: 

“We’ve always been big proponents of interoperability and integrated solutions to bring true efficiency to bond primary markets. Our partnership with Boltzbit is a reflection of that strategy. Rather than rely on traditional Management Information reports, Boltzbit delivered a solution which allows us to interrogate the data via natural language queries, supported by dynamic reports.”

Dr Yichuan Zhang, CEO and co-founder at Boltzbit, added: 

“Bond primary markets remain an area that can benefit from new or improved technology solutions and we are excited to partner with both Liquidnet and TP ICAP who have been at the forefront of this effort. We see GenAI as the next wave of technological innovation for financial services, with significant potential for productivity gains and the creation of new products and services. We believe firms who get ahead of this trend will reap the rewards.”

Since launching its primary markets offering in 2022, Liquidnet has achieved record trading volumes in its new issue order book and increased European syndicate desk participation to over 35 banks. These milestones underscore the firm’s ambition to modernize primary markets and deliver value to its clients and the industry as a whole. In addition to Boltzbit, Liquidnet previously announced partnerships with NowCM and BondAuction, demonstrating its commitment to collaboration and interoperability to further provide efficiencies and connectivity for investors, banks, and issuers.

                                                                                  ENDS

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. 

About Boltzbit  
Boltzbit is a leading technology company applying generative AI to the financial services industry. The company makes use of cutting-edge proprietary research that allows it to build efficient and secure models that are customised to applications across finance. Their novel technology is deployed via their software product, simplifying model development and maintenance, and enabling seamless integrations to enterprise applications.    
 

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

 

LONDON, 15 July 2024 — TP ICAP’s Energy and Commodities division today announced the appointment of three new regional CEOs, covering APAC, EMEA and the Americas. Reporting to Andrew Polydor, the division’s global CEO, the appointments are:

•    David Silbert, CEO, Americas
•    Joachim Emanuelsson, CEO EMEA
•    Tom Fox Hughes, CEO APAC

David Silbert was the Founder and served as Senior Partner & Chief Executive Officer at Trailstone Group, the global commodities trading firm. Prior to that he served as Managing Director and Head of Deutsche Bank Global Commodities between 2007 and 2013. Before joining Deutsche Bank, David was Managing Director and Head of EMEA Commodities at Merrill Lynch, which he joined following its acquisition of Entergy-Koch Trading, where he served as CEO of its European division.

Joachim Emanuelsson joins TP ICAP from SCB Group, which he co founded and over 16 years built into one of the leading low-carbon commodity broking and advisory firms . Joachim started his commodity trading career at Bank of Tokyo-Mitsubishi and Credit Suisse. 

Tom Fox Hughes has been promoted to his new role CEO APAC following almost three years as Commercial Manager for the region, based in Singapore. Tom joined TP ICAP from Freight Investor Services where he was Managing Director, responsible for the Asian arm of the international commodity derivatives brokerage.

Commenting on the appointments, Andrew Polydor, Global CEO said: 

“This is an exciting moment for the business as we announce three appointments of the highest quality to lead our businesses around the world. David and Joachim both bring extraordinary experience across asset classes to bear in their new roles. And I’m delighted too that Tom will be stepping into this new role: he is immensely respected in the market and will help take our business in Asia to the next level.”

TP ICAP’s world-leading Energy & Commodities division operates in all major markets including oil, gas, power, renewables, ferrous metals, base metals, precious metals, soft commodities and digital assets. The division offers clients three distinct liquidity pools through three competing broking brands – Tullett Prebon, PVM and ICAP. 

                                                                                  ENDS 

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.

Media Contacts:

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

 

LONDON, 11 July 2024 — Liquidnet, a leading technology-driven agency execution specialist, today announced the appointment of Jeffrey Crane as Head of International in the Americas. This strategic hire comes as Liquidnet continues to invest in its cross-border business, currently available in 57 global equity markets. 

Jeffrey Crane brings over two decades of experience in institutional equity trading. He joins Liquidnet from SageTrader where he served as managing director and Head of Sales, and oversaw new business growth for domestic and international trading. Prior to SageTrader, Crane spent more than 20 years with Instinet where he held various roles, including managing the company’s cross-border business as Head of their International Desk in New York.

Crane is based in New York and reports directly to Alan Polo, Head of Equity Sales and Trading, Americas. In his new role, he supports Liquidnet’s established international cross-border team, assisting Members who wish to trade international markets live through low-touch and block trading capabilities, or hand-off overnight orders to its global execution desks.

Alan Polo, Head of Equity Sales and Trading, Americas at Liquidnet said 

“As we continue to grow our international cross-border trading offering, I am particularly excited to draw upon Jeffrey’s extensive expertise and insight. His deep understanding of the global trading landscape and his proven track record in managing complex trading operations will be invaluable as we enhance our services and expand our market presence.”

Jeffrey Crane, Head of International, Americas at Liquidnet commented: 

“Liquidnet is uniquely positioned to offer this type of service. With its global footprint, expertise in block trading, agency model and a 20+ year track record in delivering innovative trading solutions, we have all the necessary ingredients to offer buy-side traders the ability to trade anywhere in the world. I’m thrilled by the opportunities ahead. I look forward to working with the team at Liquidnet to further enhance our international trading capabilities and deliver exceptional value to our clients.”

Last year, Liquidnet’s cross border team facilitated close to $100 billion in notional traded across the Americas, EMEA and APAC. More recently, it expanded its geographical coverage to offer direct access to MENA countries, bringing its total number of global equity markets covered to 57.

                                                                                  ENDS

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

 

Please note that the TSIR segment of the TP UK OTF rate card has been updated and takes effect from 01 July, 2024. The terms remain unchanged. Please direct any questions regarding this Market Notice to:

Email: tpsotfoperator@tpicap.com

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

Please note that the rate card for segment MIC IOGI - GEMM Gilts has been updated. The changes to the rate card includes the discontinuation of the GEMM Gilts incentive scheme and takes effect from 01 July 2024.

Please direct any questions regarding this Market Notice to:

Email: tpsotfoperator@tpicap.com

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