Tp icap registration#

The trading platform, which will be launched in London, will be made available globally to customers across the TP ICAP Group as well as to new clients of the firm seeking market access to this new asset class.

TP ICAP expects to announce additional liquidity providers and strategic custody partners. Michael Lie, head of digital asset trading at Flow TradersВ said in statement: вЂњAs the #1 market maker in cryptocurrency ETPs, as well as being a leading spot OTC liquidity provider, we have seen first-hand the increase in institutional interest in cryptoassets.вЂќ TP ICAP has also partnered with Flow Traders, a leading global financial technology-enabled liquidity provider in financial products, historically specialised in exchange traded-products and now expanding into other asset classes.Д®xciting day for us here at as we announce what we've been building with and Zodia Custody, a venture from the innovation arm of Get in touch with us at to learn more! вЂњTP ICAP already operates multiple regulated venues for multiple asset classes,вЂќ he added. It is possible that in the future tokenized assets will have to be traded on a regulated multilateral trading facility.

Tp icap registration#

The FCAвЂ™s responsibility under this regime is limited to AML/CTF registration supervision and enforcement only.ДЇorster said that one of TP ICAPвЂ™s key selling points is regulatory compliance as the largest inter-dealer broker. TP ICAP has submitted an application to register the digital assets platform with the FCA and it will only launch once that has been completed, which is slated for the second half of this year. However, in a nascent market a number of things need to be put in place such as unique identifiers for crypto OTC derivatives. вЂњWe are also getting asked a lot of questions around total return swaps and OTC options.вЂќ in London.вЂњIf you come from an FX department you naturally look at a Bitcoin/US dollar pair through the lens of your other FX products and an NDF (non-deliverable forward) is very familiar,вЂќ Trenholme added. TP ICAP shares were down 7.3% to 182.7p as of 9:45 a.m. вЂњWhen asset managers come back to the office and start taking more views on the markets and on their funds, then that translates into more dealer activity.вЂќ вЂњHopefully, when people start returning to the office we start to have a more normal type of environment,вЂќ she said. вЂњTheyвЂ™re working from home, itвЂ™s not as easy to supervise them - and so banks have generally taken the view that they want them to have lower risk limits.вЂќ вЂњThe traders that generally would be taking more risk have not been really able to take as much risk,вЂќ said Joanna Nader, TP ICAPвЂ™s global head of strategy. вЂњThe interaction with clients is facilitated when people are in the offices, because thereвЂ™s kind of good synergies around desks - trading desks with the clients and broking desks with us,вЂќ said Breteau.

TP ICAP has told its brokers to come back to the office full-time in places where itвЂ™s safe to do so, such as London, where the firm is headquartered. вЂњWe need more volatility, and we also need our clients, quite frankly, to work more from the office and take more risk positions on,вЂќ Chief Executive Officer Nicolas Breteau said in an interview. The firm warned in its interim results that markets are вЂњuncommonly quiet,вЂќ with depressed yields providing fewer opportunities to trade. ThatвЂ™s the view of the worldвЂ™s largest interdealer broker, TP ICAP Group Plc. (Bloomberg) - Real risk-taking happens in the office.