Interdealer broker TP ICAP has launched Parameta Solutions, a rebranding of TP ICAP’s data, analytics, and post-trade offerings businesses — a decision that was led by clients, officials say. The new branding became official Monday, April 12, and will not result in any staffing changes, Jamie Bailey, head of marketing at Parameta Solutions, tells FTF… Read More >>
ICAP to Offer Regulatory Reporting via Abide Acquisition
ICAP, an interdealer broker and post-trade IT vendor, is acquiring a regulatory reporting specialist, Abide Financial, in order to integrate Abide’s wares into ICAP’s Post Trade Risk and Information (PTRI) offerings, targeting the growing demand among trading firms for solutions to help them comply with multiple regulatory authorities, officials say. ICAP’s investment arm for emerging… Read More >>
Tullett Prebon Buys CME’s Hybrid Trading IT
Interdealer broker Tullett Prebon is acquiring from CME “a long term license of a hybrid trading technology” that it will further develop internally “to provide bespoke, proprietary, customer-facing capabilities,” officials say. Tullett Prebon has been busy lately, having purchased the hybrid, U.S. voice-broking business operations of Creditex from the Intercontinental Exchange (ICE), and before that… Read More >>
Tullett Prebon to Buy Creditex Voice Brokerage
The Intercontinental Exchange (ICE), owner of the New York Stock Exchange (NYSE), is selling the hybrid, U.S. voice-broking business operations of Creditex to London-based interdealer broker Tullett Prebon, which recently agreed to acquire similar businesses from competitor ICAP. Officials at ICE say they will retain the electronically traded markets and systems, post-trade connectivity platforms and intellectual property… Read More >>
ICAP to Rebrand, Sell Broking Unit to Tullett Prebon
ICAP plc, a London-headquartered markets operator, interdealer broker and provider of post-trade risk mitigation and information services, intends to rebrand as a fintech-focused company and rename itself following the completion of the agreement to sell its hybrid voice broking and information business to interdealer broker Tullett Prebon. The deal is expected to close before the… Read More >>
Libor Acquittals Raise Doubts About SFO’s Future
The six acquittals in the recent Libor trial were seen as a blow to the Securities Fraud Office (SFO), the beleaguered regulator that savored victory in Tom Hayes’ conviction and unexpected long sentence. While it is too early to determine the outcome of the high profile Euribor cases set for trial next year, an unsuccessful… Read More >>
Tullett Prebon-ICAP Deal to Impact Post-Trade Services
Interdealer broker ICAP is selling its brokering business and more to Tullett Prebon in an arrangement that both companies say will lead to $91 million in savings and streamlined support for post-trade services, transaction processing and trading data offerings. The move is seen as a response to challenging times for interdealer brokers who face a… Read More >>
