What is ICAP broker?
ICAP was the world’s largest interdealer broker for over-the-counter (OTC) trading. ICAP had daily transaction volume of more than $2.3 trillion at 50 locations in 32 countries, and offered both voice-driven and electronic brokerage systems plus post-trade services.
Is TP ICAP same as ICAP?
ICAP, part of TP ICAP group, is a leading markets operator and provider of execution and information services.
Who bought ICAP?
Tullett Prebon
TP ICAP is the name given to the brokerage formed when Tullett Prebon acquired its rival ICAP’s voice-broking and information business in December of 2016. The all-stock deal, worth £1.28bn, created the industry’s largest interdealer brokerage.
Is ICAP a broker?
ICAP is the leading broker across the entire range of interest rate products, ranging from exotic options to short and long-term interest rate swaps.
What is ICAP used for?
The Internet Content Adaptation Protocol (ICAP) is a lightweight HTTP-like protocol specified in RFC 3507 which is used to extend transparent proxy servers, thereby freeing up resources and standardizing the way in which new features are implemented.
Who are TP ICAP competitors?
TP ICAP’s competitors TP ICAP’s top competitors include Evli Pankki, Jarvis Securities, Alandsbanken and Saxo Bank. TP ICAP provides intermediary services, contextual insights and intelligence, trade execution solutions, and data and analytics.
Is TP ICAP a broker dealer?
As the world’s biggest inter-dealer broker, we are uniquely placed to add value to clients by providing access to the largest pools of liquidity and best pricing. In addition, we ensure client anonymity, enable information flow and provide efficient execution services.
What happened to ICAP?
In November 2015, ICAP agreed terms for the disposal of its global hybrid voice broking and information business to Tullett Prebon. The company changed its name from ICAP plc to NEX Group plc in December 2016. In March 2018, it was announced that NEX Group would be bought by American CME Group for US$5.5 billion.
Who owns Tullett Prebon?
Collins Stewart Tullett plc
In 2003, Collins Stewart acquired Tullett, the international inter-dealer broker, for £250 million. The new company was named Collins Stewart Tullett plc.
What kind of business does ICAP do in Australia?
ICAP acts on behalf of its customers to deal in the wholesale and derivative environmental markets in Australia to provide information, liquidity, pricing and execution services in the VEEC, ESC, STC and LGC certificate schemes.
What kind of brokerage is ICAP energy Suisse?
ICAP Energy Suisse SA provides brokerage services for the derivative biofuels market, as both OTC and CME cleared products, such as FAME 0, RME, Soybean Oil, Palm Oil and any other feedstock, wood pellet and ethanol.
Why is ICAP important to the financial markets?
Efficient financial markets are vital to global and national economies. As a leading markets operator, ICAP provides a wide variety of execution and information services for wholesale market participants. ICAP’s Group companies and associates cover a wide range of services, from treasury consultancy to highly specialised broking businesses.
Who is the largest interdealer broker in Australia?
ICAP Australia Pty Ltd (ICAP) is part of the world’s largest interdealer broker TPICAP Group. ICAP acts as an intermediary broker in global and local financial and commodity markets, specialising in environmental and energy markets in Australia.