“Very sharp and savvy”: TP ICAP wins big at the GlobalCapital Global Derivatives awards

IDB of Year
To be awarded 'Interdealer Broker of the Year' is a fantastic achievement and a fitting reward for the Group’s strong performance this year. Our strategy of electronification, aggregation and diversification resonated with the GlobalCapital editorial panel who were impressed with our plans to complement our traditional broking business with additional revenues "but without losing sight of the importance of brokers to their model". GlobalCapital recognised that our ambition to expand our offering and move up the value chain in Data & Analytics is underpinned by our leading global broking division. 

The judges commented that TP ICAP is a "very sharp and savvy" organisation which utilises its market share effectively with a unique culture and first rate people. The manner in which we adapted to Covid-19 and remote working was also commended.  

Data & Analytics Vendor of the Year 
A raft of new product launches by the Data & Analytics team helped drive growth at double the rate of the rest of the industry in 2019 and led to GlobalCapital awarding it 'Vendor of the Year'.

The editorial panel was impressed by the volume and variety of our product offering, noting that Data & Analytics had 'outperformed the market, rolling out a broader suite of products in 2019'. Last year the division grew revenues by 11%, more than double 5.4% seen by the wider industry. That momentum has continued into 2020 with first-half revenues climbing 9% as the new products gained traction. Data & Analytics aims to be as a trusted adviser to clients, not just a facilitator of transactions. Listening and responding to client feedback, the team can create platforms tailored to individual client’s needs, thus providing the highest level of satisfaction and security to customers.

More awards
Elsewhere, Tullett Prebon was named FX Derivatives Broker of the Year for the second year in a row and Credit Derivatives Broker of the Year, while ICAP won the Interest Rate Broker of the Year award. 

The GlobalCapital Global Derivatives Awards recognise excellence in the IDB sector. To win five awards, including two at Group level, shows the strength of our offering and the quality of our people. 

Full Breakdown of awards: 

•    Interdealer Broker of the Year- TP ICAP
•    Data & Analytics Vendor of the Year- TP ICAP
•    FX Derivatives Broker of the Year- Tullett Prebon
•    Interest Rate Interdealer Broker of the Year- ICAP
•    Credit Derivatives Interdealer Broker of the Year- Tullett Prebon