22 August 2017
Visit http://response.ncr.com

TP Icap invests in LiquidityChain

26 June 2017  |  2248 views  |  0 Source: TP Icap

London, June 26: TP ICAP, the world’s largest interdealer broker, has invested in FinTech start-up LiquidityChain, a new web-based application which has been created to unlock liquidity in the global credit markets.

The application enables users to be connected using a dark pool, non-execution platform, which includes an alert system that highlights potential trading opportunities. When trading interests are aligned, parties can connect through an experienced broker from Mirexa Capital, part of TP ICAP’s Institutional Services division, to negotiate and execute a trade.

LiquidityChain utilises the hybrid broking model adopted across all of TP ICAP’s business brands, which also include ICAP and Tullett Prebon. The hybrid model combines the market experience and relationships provided by voice brokers with innovative electronic solutions.

A key aspect of LiquidityChain is anonymity both pre and post trade.
David Perkins, Global Head of Electronic Broking, TP ICAP, said: “There have been numerous factors impacting bond market liquidity in recent years, including regulation, the low interest rate environment and balance sheet constraints. A number of technology and trading platforms have tried to solve these issues, yet liquidity still remains a problem in the market. That is why LiquidityChain is so important; it combines smart technology with human expertise. The early interest in the service has been incredibly high.”

Sam Ruiz, CEO of TP ICAP’s Institutional Services division, said: “The launch of LiquidityChain is an exciting development and is a further sign of the growing momentum within our Institutional Services division, which has a proven track record when it comes to serving a sophisticated, varied and growing client base.”

Richard Smith, Chief Executive, LiquidityChain, said: “Partnering with TP ICAP, both as an investor and provider of trade execution services, is a great move for us and we are delighted to welcome them on board. Their investment and expertise will be invaluable as we continue to help users in the credit markets looking for additional liquidity.”

Comments: (0)

Comment on this story (membership required)

Related company news

 

Related blogs

Create a blog about this story (membership required)
visit www.dorsum.euvisit www.vasco.comvisit www.worldpaymentsreport.com

Who is commenting?

A Finextra member Finextra Member Commented on: Real-time payments in...
A Finextra member Finextra Member Commented on: Barclays uses sensors...

Top topics

Most viewed Most shared
Mobile contactless spending accelerating in UKMobile contactless spending accelerating i...
12173 views comments | 26 tweets | 23 linkedin
Barclays pairs banking data with third party apps for SmartBusiness DashboardBarclays pairs banking data with third par...
10675 views comments | 22 tweets | 33 linkedin
hands typing furiouslyWhy Is Risk Analytics Important?
10056 views 0 | 5 tweets | 1 linkedin
RBS to bring Silicon Valley to EdinburghRBS to bring Silicon Valley to Edinburgh
9930 views comments | 10 tweets | 8 linkedin
Australia regulates digital currenciesAustralia regulates digital currencies
9800 views comments | 21 tweets | 34 linkedin

Featured job

Competitive base and bonus, plus benefits
London, UK

Find your next job