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: Navigating the Build vs Buy Dilemma: Cloud Strategies for Accelerating Quantitative Research

For many quantitative trading firms and asset managers, building a self-provisioned historical market data environment remains one of the most time-consuming and resource-intensive steps in establishing a new research capability. Sourcing data, normalising symbologies, handling corporate actions and maintaining infrastructure can take months and absorb significant budget before a single model is tested. At the...

BLOG

When Margin Moves Upstream: How TT is Reworking Trading Decisions After the OpenGamma Deal

More than a month after completing its acquisition of OpenGamma, Trading Technologies is beginning to articulate how the deal is intended to change the way firms think about margin, capital efficiency, and trading decision-making. Rather than positioning margin as a downstream risk or treasury concern, TT is now framing capital efficiency as a front-office variable...

EVENT

AI in Capital Markets Summit London

Now in its 3rd year, the AI in Capital Markets Summit returns with a focus on the practicalities of onboarding AI enterprise wide for business value creation. Whilst AI offers huge potential to revolutionise capital markets operations many are struggling to move beyond pilot phase to generate substantial value from AI.

GUIDE

AI in Capital Markets Handbook 2026

AI adoption in capital markets has moved into a more disciplined phase. The priority is now controlled deployment: where AI can be used safely, where it can deliver measurable value, and how outputs can be governed, monitored and evidenced. The 2026 edition of the AI in Capital Markets Handbook examines how AI is being applied...