Electronic trading solution rolled out across High Yield and Emerging Markets with plans to launch into Investment Grade in Q1 2021.

TP ICAP, a leading provider of market infrastructure, has launched Matchbook Rebalance, an electronic trading solution that reduces residual risks in fixed income portfolios, in the US market. Rebalance is a pure-electronic solution, available across High Yield and Emerging Markets, with plans to also launch in Investment Grade products within Q1 2021. 

Matchbook Rebalance uses TP ICAP’s proprietary algorithmic trading technology, which allows clients to upload their entire portfolios onto the platform and manage their participation and results based on a choice of parameters and controls.

This new solution replaces the FUSION Scrapbook platform which was launched in 2018 by Oksana Cole, Head of US Matchbook Credit Sales, and her team. New and existing clients will now benefit from the Rebalance platform, which successfully launched across TP ICAP’s EMEA operations at the end of last year.

Fausto Serrano, Head of eCredit and Matchbook Rebalance Americas, said: “Our network of corporate bond and emerging market traders is one of the largest in the US, and through Matchbook Rebalance we’re able to offer a high quality risk mitigation solution. Our business is focused on electronification and, through innovative platforms such as this, we’re able to make trading easier and more effective for our clients.”

Matchbook Rebalance is operated as a regulated, pure electronic post trade solution.

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 brands, Tullett Prebon, ICAP, PVM, Coex Partners, Lois Capital 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, Communications Manager
E: Laura.Whybrow@tpicap.com

TP ICAP Group, a leading provider of market infrastructure, today announces the appointment of Andrew Polydor as Head of Global Markets.

In this newly-created role, Andrew will be responsible for the Group’s Global Broking division in addition to his current responsibilities as head of TP ICAP’s Energy & Commodities (“E&C”) division, a position he has held for the past 12 years during which time he has successfully built the business into the world’s largest E&C brokerage.  Two deputy heads, to be announced shortly, will support Andrew in leading and growing the E&C franchise.

TP ICAP’s Global Broking division is the largest interdealer broker in the world and services markets in Rates, FX & Money Markets, Emerging Markets, Equities and Credit products.  In 2019, Global Broking’s revenues were £1.2 billion.

Nicolas Breteau, Group CEO of TP ICAP, said: “Andrew’s proven capability to build industry-leading businesses positions him well to take our Global Broking franchise to the next level and continue to drive growth in E&C.  He is forward-thinking when it comes to innovation and deploying technology, is entrepreneurial, pragmatic, and brings a dynamic, highly focused approach to execution. 

“As such, he is the ideal candidate to implement our electronification, aggregation and diversification strategy across our Markets activity globally, and, in so doing, extend our market leadership position.”

Andrew Polydor said: “I am delighted to be taking up this role at such an important time for Global Broking and E&C.  I am looking forward to working with my new colleagues to implement our progressive strategy and enhance how we serve our clients.” 

Andrew began his career in Financial Markets in 1982 before moving on to set up Prebon Energy Sydney in the late 1990s, which became the premier broker in the Australian power market.  He also established Prebon Environmental Consultancy Services, a pioneer in the carbon markets.  Andrew later transferred to London to run Prebon’s growing energy business in Europe and was promoted to the position of Global Head of E&C at Tullett Prebon in 2008, becoming CEO of TP ICAP E&C in 2016.

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 brands, Tullett Prebon, ICAP, PVM, Coex Partners, Lois Capital 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, Group Media Relations Director
E: William.Baldwin-Charles@tpicap.com

Laura Whybrow, Communications Manager
E: Laura.Whybrow@tpicap.com

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Tullett Prebon, part of TP ICAP Group, the world's largest interdealer broker, has launched Fusion Islamic Finance, a new platform that facilitates Commodity Murabaha transactions and provides liquidity to the Islamic financial marketplace.

The platform enables clients to purchase assets and take advantage of growth opportunities in the Halal sectors, infrastructure and Sukuk bonds.

Fusion Islamic Finance provides a safe and ethical environment to trade Commodity Murabaha. The platform permits our Second Counterparty, a non-affiliated independently-owned and managed trading company, with over twenty years of experience operating within the Islamic financial marketplace, to be fully integrated within our system. This enables clients to process transactions on Fusion swiftly, saving both time and money while significantly enhancing their experience.

Tullett Prebon's platform uses market-leading connectivity for integration, straight-through processing, and single-screen access that offers simpler and quicker access to large pools of liquidity. Customers can also connect from third-party data platforms, such as Reuters or Bloomberg.

There are a growing number of participants in the Islamic financial marketplace and its three main sectors – banking, capital markets and Takaful – were estimated to be worth USD 2.44 trillion in 2019, up from USD 2.05 trillion in 2018[1]. Tullett Prebon believes its trusted reputation with banks globally, its long-standing presence in the Middle East with offices in Bahrain and the UAE, and the technological innovation of its new Commodity Murabaha platform, positions the firm well to realise this growth opportunity.

Harry Packenham, Associate Director - Islamic Finance, commented: "Fusion Islamic Finance offers clients a superior experience with a quick and easy to use system for Commodity Murabaha transactions.”

Paul Dunkley, Senior Managing Director of Tullett Prebon, said: “We are very excited to be entering the large and rapidly growing market of Islamic Finance. We have ambitious plans for this market, and we are confident that we can leverage our position as the world’s largest interdealer broker, with an unrivalled ability to access liquidity, to provide our clients with a compelling proposition.”

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
Joss Turner
E: joss.turner@tpicap.com

[1]Figure: Bank of England: Why Islamic Finance has an important role to play in supporting the recovery from Covid