TP ICAP Group plc

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TP ICAP Group plc is a global brokerage firm that specializes in financial, energy and commodities markets. The company was formed in 2016 through the merger of Tullett Prebon and ICAP. It is headquartered in London, United Kingdom and has operations in Europe, the Americas, Asia, and the Middle East.
The company provides trading services for a wide range of financial instruments including interest rates, equities, commodities, and foreign exchange. It also offers data and analytics, post-trade services, and information services to its clients.
TP ICAP Group plc is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
History of the company
TP ICAP Group plc has a long history, dating back to the early 20th century. The company was originally founded as Ellis & Partners in 1912, a stockbroking firm in London.
In 1971, the company was acquired by Paul Tullett and started its expansion in the interdealer broking market. In 1972, the company was renamed Tullett & Riley, and in 1983, it became known as Tullett Prebon.
On the other hand, ICAP was founded in 1986 as Intercapital and grew through a number of mergers and acquisitions. In 2001, the company was rebranded as ICAP.
In 2016, Tullett Prebon acquired ICAP’s global hybrid voice broking and information business, forming TP ICAP Group plc, which is now one of the world’s largest interdealer brokers.
Recent developments
In February 2021, TP ICAP announced the acquisition of Liquidnet Holdings, a global financial technology and institutional trading network, for $575 million.
In July 2021, the company announced the formation of a strategic partnership with Fidelity International, a leading global asset manager, to develop a multi-asset and multi-currency wholesale trading platform.
In September 2021, TP ICAP acquired the foreign exchange trading platform, FX Options technology provider and analytics services company CAPIS Group, LLC.
These acquisitions are part of TP ICAP’s strategy to expand its global presence and diversify its product offerings.

1. One of the world’s largest interdealer brokers: TP ICAP Group plc is one of the largest interdealer brokers in the world, providing intermediary services in the financial, commodities, and energy markets. This makes them a key player in the global financial markets.
2. A global presence: With operations in over 30 countries and a diverse client base of over 5,500 institutional clients, TP ICAP has a truly global presence. This enables them to provide deep market insights and offer access to a wide range of products and services to clients worldwide.
3. Strong and established history: The company has a long and established history dating back to 1869 when it was founded as Tullett Prebon. Over the years, TP ICAP has built a strong reputation, making it a trusted partner for clients, market participants, and regulators.
4. Diverse portfolio of products and services: The company offers a diverse range of products and services, including voice and electronic trading, market data, post-trade and information services, and more. This enables them to cater to the diverse needs of their clients and provide comprehensive solutions for their financial, commodities, and energy trading needs.
5. Commitment to innovation and technology: TP ICAP is committed to embracing technology and leveraging it to enhance their services and improve efficiency. This includes developing and implementing advanced trading platforms, data analytics tools, and more.
6. Strong risk management and compliance culture: TP ICAP has a strong risk management and compliance culture, ensuring that they operate with integrity, transparency, and accountability. This has enabled them to maintain a strong reputation and trust with clients and regulators.
7. Corporate social responsibility: The company is committed to making a positive impact on the communities they operate in. They have various initiatives in place to support local communities and promote social and environmental sustainability.

The TP ICAP Group plc is a global firm that specializes in the provision of inter-dealer brokerage and associated services to the financial, energy, and commodities markets. The company acts as an intermediary between buyers and sellers in these markets, providing a platform for them to execute trades and access liquidity.
The company’s business model is based on facilitating the buying and selling of financial products, such as bonds, derivatives, and currencies, as well as energy and commodity products. TP ICAP earns its revenue primarily through commissions on transactions made on its electronic, over-the-counter, and hybrid trading platforms.
TP ICAP also offers a range of value-added services, including market data, trade processing, and post-trade services. These services help clients navigate complex and evolving market conditions and regulatory requirements, adding value to their trading activities.
The company also operates a research and analytics division, which provides market intelligence and analysis to its clients. This enables its clients to make well-informed trading decisions.
The TP ICAP Group plc business model is based on strong relationships with financial institutions, energy companies, and commodity firms globally. It leverages its network of brokers and market specialists to provide clients with access to a wide range of financial and commodity products in different geographies and time-zones.
Overall, the company’s business model is built on its reputation as a trusted and reliable intermediary in the financial and commodities markets, connecting buyers and sellers and providing value to its clients through efficient and innovative trading solutions.

1. The company was originally founded as Tullett & Riley in 1861, making it one of the oldest financial services firms in the world.
2. TP ICAP Group plc is a leading interdealer broker, meaning they act as intermediaries for financial transactions between banks and other financial institutions.
3. The name TP ICAP stands for Tullett Prebon Interdealer Capital Markets.
4. In 2016, Tullett Prebon plc acquired ICAP plc’s voice broking and information business to form TP ICAP Group plc.
5. The company has over 3,600 employees across 29 countries.
6. TP ICAP Group plc is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
7. The company’s largest division is its Global Broking division, which accounts for over 80% of its revenues.
8. TP ICAP has a strong presence in the energy and commodities markets, handling over $2 trillion in trades annually.
9. The company also has a significant presence in the interest rate, credit, and equity products markets.
10. TP ICAP Group plc is a leading voice broker, meaning they facilitate trades through phone calls rather than electronic platforms.
11. The company has a strong track record of growth and has completed over 20 acquisitions since 2000.
12. In 2020, TP ICAP Group plc acquired Liquidnet, a global institutional trading network, for $575 million.
13. The company is committed to sustainability and has been ranked as one of the most sustainable companies in the world by the Dow Jones Sustainability Indices.
14. TP ICAP Group plc is also recognized for its diversity and inclusion initiatives, being ranked as a top employer for women and LGBTQ+ employees.
15. The company is actively involved in philanthropy and charity work, with a focus on supporting education, health, and disaster relief initiatives.
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