About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

TP ICAP Reorganization Keeps Voice Broking With Parent Company

Subscribe to our newsletter

London-based trade execution and risk management services provider NEX Group has com-pleted the sale of its global hybrid voice broking and information business to its parent company TP ICAP.

NEX Group is the newly rebranded ICAP electronic markets and post-trade, risk and information business. ICAP shares began trading as NEX Group shares on December 15.

NEX Group finished the sale of the global hybrid voice broking unit on December 30. Tullett Prebon first announced plans to acquire ICAP in November 2015. The resulting new company, TP ICAP, announced its new name also on December 30 in tandem with NEX Group’s sale of the global voice broking unit.

Separately, the UK Competition and Markets Authority (CMA), in June, announced competition concerns about Tullett Prebon’s acquisition of ICAP, particularly the ownership of ICAP’s oil broking businesses. In September, ICAP sold its London-based voice/hybrid EMEA oil broking business to INTL FC Stone, a global financial services execution and advisory business, with the CMA’s approval.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Best approaches for trade and transaction reporting

Compliance practitioners and technology leaders in capital markets face mounting pressure to ensure that reporting processes are efficient, accurate, and aligned with global standards. Market developments and jurisdictional nuances in regulatory frameworks like MiFID II, EMIR, SFTR and MAS create a continual challenge for compliance teams. This webinar brings together senior RegTech executives and seasoned...

BLOG

Leading Platforms and Frameworks to Support Trading Application Development

Building trading systems has never been more complex or more critical to competitive differentiation, as firms across the buy side and sell side – as well as exchanges and trading venues – face immense pressure from infrastructure demands, market volatility, and regulatory scrutiny. In response, the ability to build and adapt trading applications quickly has...

EVENT

Data Management Summit London

Now in its 16th year, the Data Management Summit (DMS) in London brings together the European capital markets enterprise data management community, to explore how data strategy is evolving to drive business outcomes and speed to market in changing times.

GUIDE

Regulatory Data Handbook – Second Edition

Need to know all the essentials about the regulations impacting data management? A-Team’s Regulatory Data Handbook is a great way to see at-a-glance: All the regulations that are impacting data management today A description of each regulation The impact each will have from a data and data management perspective Messages from sponsors with products related to...