Latest news with #TPICAP
Yahoo
2 days ago
- Business
- Yahoo
TP ICAP Acquires Neptune Networks and Partners with Nine Global Investment Banks to Create New Dealer-to-Client Credit Business
LONDON, June 02, 2025--(BUSINESS WIRE)--TP ICAP Group PLC ("TP ICAP"), a world-leading provider of financial markets infrastructure, today announced the acquisition of Neptune Networks ("Neptune"), an independent financial data company co-owned by a consortium of some of the world's leading investment banks. Neptune delivers high-quality, real-time pre-trade bond market data from many sell-side banks to buy-side clients. TP ICAP will bring together Neptune's extensive proprietary data network with Liquidnet's electronic credit trading platform, creating a unique, full service, global Dealer-to-Client ("D2C") credit business. At launch, Barclays, BNP Paribas, Citi, Crédit Agricole CIB, Deutsche Bank, ING, J.P. Morgan, Morgan Stanley and UBS ("Bank Shareholders") will own a 30% stake in the new business. This ownership structure is intended to ensure that Liquidnet and the Bank Shareholders are resourced and incentivised to grow the business. Nicolas Breteau, CEO, TP ICAP Group: "Neptune is an exceptional platform with deep connectivity on both the sell-side and buy-side. With our partners, we plan to enhance and grow Neptune's core data business, strengthening its relevance to the buy-side via Liquidnet's electronic credit trading platform. By combining Liquidnet's extensive client reach with leading liquidity providers, we can seamlessly and discreetly connect the sell-side and buy-side to unlock exciting potential, positioning us well to drive a step-change in fixed income markets and liquidity." Byron Cooper-Fogarty, CEO, Neptune Networks Ltd.: "I am excited by the opportunities this acquisition creates. The resources, talent and experience of Liquidnet's Fixed Income business will complement Neptune's strengths in real-time, high quality bond data. There is a natural fit that, along with the continued commitment of the major banks, will create an entity that benefits buy-side and sell-side clients of both firms." Nick Adragna, Co-Head of Global Investment Grade and Macro Credit Trading, J.P. Morgan: "At J.P. Morgan, we are committed to promoting market competition and increasing liquidity, while also backing innovative initiatives like this one that enhance market efficiency. The strategic integration of the Neptune and Liquidnet Credit complementary offerings is poised to improve competition and liquidity while delivering increased choice and improved value to both the buy side and the sell side." Jonathan Moore, Head of European Credit Trading, Deutsche Bank: "Together, Neptune and Liquidnet are uniquely positioned to develop competitive alternatives to current data and execution offerings. Strong alignment with the dealer community and close ties to the buy-side will set this business apart. The combined offering will be well placed to enhance transparency, efficiency, and liquidity." Peter Rafferty, Global Head of Secondary Credit, BNP Paribas: "Bringing together Neptune and Liquidnet marks a significant step in the evolution of the credit markets. As a supporter of innovation and market digitalisation, BNP Paribas welcomes the combination of these two platforms to deliver a more connected, efficient, and data driven ecosystem for institutional credit clients." Pierre Scemla, Deputy Head of Global Markets Trading, Crédit Agricole CIB: "As market electronification intensifies, clients are increasingly looking for solutions to combine pre-trade analytics and data with seamless execution. As a founding shareholder of Neptune Networks, Crédit Agricole CIB is pleased to continue supporting the evolving market structure and liquidity and delivering value to buy-side entities thanks to this new business." The market for electronically traded corporate bonds is growing. As at the end of November 2024, 43% of total volume traded in both U.S. investment-grade (IG) and high-yield (HY) bonds was executed electronically.1 This compares with approximately 19% and 2% respectively in 20152. About TP ICAP Group PLC Through our people and technology, TP ICAP connects buyers and sellers in global financial, energy, and commodities markets. We are a world-leading provider of OTC liquidity and data solutions, with a portfolio of industry-leading brands that include ICAP, Tullett Prebon, PVM, Liquidnet and Parameta Solutions. These businesses provide broking services, data & analytics, and market intelligence that are trusted by clients globally. We operate from more than 60 offices across 28 countries. About Liquidnet Liquidnet is a leading technology-driven, agency execution specialist that intelligently connects the world's investors to the world's investments. Since its founding in 1999, Liquidnet's network has grown to include more than 1,000 institutional investors and spans 57 markets across six continents. Liquidnet was built to make global capital markets more efficient and continues to do so by adding additional participants, enabling trusted access to trading and investment opportunities, and delivering the actionable intelligence and insight that its customers need. For more information, visit and follow on X @Liquidnet. About Neptune Networks Neptune supplies high-quality bond pre-trade data (axes and inventory) from 34 sell-side firms direct to the buy-side. Data accessed via Neptune is clean, standardised, and real-time from sell-side trading systems, rather than periodic runs or manual spreadsheets. Neptune is integrated with buy-side core workflow tools such as OMS or EMS, and also available through FIX, REST API, SFTP and our functionally rich user interface. The platform carries over 250,000 axe & inventory items daily, $1.2tn+ in gross notional liquidity, across asset classes such as Credit, Rates and Emerging Markets. Neptune is used globally by buy-side firms with more than $55 trillion in aggregate AUM. Note to Editor: A FIX workflow refers to the process of using the Financial Information eXchange (FIX) protocol to facilitate the electronic communication of trading information. The FIX protocol is the global standard in the financial industry for real-time exchange of securities transactions and market data. It helps standardise communication, reduce errors, and increase the efficiency of trading operations. 1 Crisil Coalition Greenwich: December Spotlight: Corporate Bond Market Sees Liquidity Improve in Record Year | Coalition Greenwich 2 Crisil Coalition Greenwich: September Spotlight: Corporate Bond E-Trading on a Roll | Coalition Greenwich View source version on Contacts Media Contact Tom Gilbert | +44 7741231950 | Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
TP ICAP Acquires Neptune Networks and Partners with Nine Global Investment Banks to Create New Dealer-to-Client Credit Business
LONDON, June 02, 2025--(BUSINESS WIRE)--TP ICAP Group PLC ("TP ICAP"), a world-leading provider of financial markets infrastructure, today announced the acquisition of Neptune Networks ("Neptune"), an independent financial data company co-owned by a consortium of some of the world's leading investment banks. Neptune delivers high-quality, real-time pre-trade bond market data from many sell-side banks to buy-side clients. TP ICAP will bring together Neptune's extensive proprietary data network with Liquidnet's electronic credit trading platform, creating a unique, full service, global Dealer-to-Client ("D2C") credit business. At launch, Barclays, BNP Paribas, Citi, Crédit Agricole CIB, Deutsche Bank, ING, J.P. Morgan, Morgan Stanley and UBS ("Bank Shareholders") will own a 30% stake in the new business. This ownership structure is intended to ensure that Liquidnet and the Bank Shareholders are resourced and incentivised to grow the business. Nicolas Breteau, CEO, TP ICAP Group: "Neptune is an exceptional platform with deep connectivity on both the sell-side and buy-side. With our partners, we plan to enhance and grow Neptune's core data business, strengthening its relevance to the buy-side via Liquidnet's electronic credit trading platform. By combining Liquidnet's extensive client reach with leading liquidity providers, we can seamlessly and discreetly connect the sell-side and buy-side to unlock exciting potential, positioning us well to drive a step-change in fixed income markets and liquidity." Byron Cooper-Fogarty, CEO, Neptune Networks Ltd.: "I am excited by the opportunities this acquisition creates. The resources, talent and experience of Liquidnet's Fixed Income business will complement Neptune's strengths in real-time, high quality bond data. There is a natural fit that, along with the continued commitment of the major banks, will create an entity that benefits buy-side and sell-side clients of both firms." Nick Adragna, Co-Head of Global Investment Grade and Macro Credit Trading, J.P. Morgan: "At J.P. Morgan, we are committed to promoting market competition and increasing liquidity, while also backing innovative initiatives like this one that enhance market efficiency. The strategic integration of the Neptune and Liquidnet Credit complementary offerings is poised to improve competition and liquidity while delivering increased choice and improved value to both the buy side and the sell side." Jonathan Moore, Head of European Credit Trading, Deutsche Bank: "Together, Neptune and Liquidnet are uniquely positioned to develop competitive alternatives to current data and execution offerings. Strong alignment with the dealer community and close ties to the buy-side will set this business apart. The combined offering will be well placed to enhance transparency, efficiency, and liquidity." Peter Rafferty, Global Head of Secondary Credit, BNP Paribas: "Bringing together Neptune and Liquidnet marks a significant step in the evolution of the credit markets. As a supporter of innovation and market digitalisation, BNP Paribas welcomes the combination of these two platforms to deliver a more connected, efficient, and data driven ecosystem for institutional credit clients." Pierre Scemla, Deputy Head of Global Markets Trading, Crédit Agricole CIB: "As market electronification intensifies, clients are increasingly looking for solutions to combine pre-trade analytics and data with seamless execution. As a founding shareholder of Neptune Networks, Crédit Agricole CIB is pleased to continue supporting the evolving market structure and liquidity and delivering value to buy-side entities thanks to this new business." The market for electronically traded corporate bonds is growing. As at the end of November 2024, 43% of total volume traded in both U.S. investment-grade (IG) and high-yield (HY) bonds was executed electronically.1 This compares with approximately 19% and 2% respectively in 20152. About TP ICAP Group PLC Through our people and technology, TP ICAP connects buyers and sellers in global financial, energy, and commodities markets. We are a world-leading provider of OTC liquidity and data solutions, with a portfolio of industry-leading brands that include ICAP, Tullett Prebon, PVM, Liquidnet and Parameta Solutions. These businesses provide broking services, data & analytics, and market intelligence that are trusted by clients globally. We operate from more than 60 offices across 28 countries. About Liquidnet Liquidnet is a leading technology-driven, agency execution specialist that intelligently connects the world's investors to the world's investments. Since its founding in 1999, Liquidnet's network has grown to include more than 1,000 institutional investors and spans 57 markets across six continents. Liquidnet was built to make global capital markets more efficient and continues to do so by adding additional participants, enabling trusted access to trading and investment opportunities, and delivering the actionable intelligence and insight that its customers need. For more information, visit and follow on X @Liquidnet. About Neptune Networks Neptune supplies high-quality bond pre-trade data (axes and inventory) from 34 sell-side firms direct to the buy-side. Data accessed via Neptune is clean, standardised, and real-time from sell-side trading systems, rather than periodic runs or manual spreadsheets. Neptune is integrated with buy-side core workflow tools such as OMS or EMS, and also available through FIX, REST API, SFTP and our functionally rich user interface. The platform carries over 250,000 axe & inventory items daily, $1.2tn+ in gross notional liquidity, across asset classes such as Credit, Rates and Emerging Markets. Neptune is used globally by buy-side firms with more than $55 trillion in aggregate AUM. Note to Editor: A FIX workflow refers to the process of using the Financial Information eXchange (FIX) protocol to facilitate the electronic communication of trading information. The FIX protocol is the global standard in the financial industry for real-time exchange of securities transactions and market data. It helps standardise communication, reduce errors, and increase the efficiency of trading operations. 1 Crisil Coalition Greenwich: December Spotlight: Corporate Bond Market Sees Liquidity Improve in Record Year | Coalition Greenwich 2 Crisil Coalition Greenwich: September Spotlight: Corporate Bond E-Trading on a Roll | Coalition Greenwich View source version on Contacts Media Contact Tom Gilbert | +44 7741231950 | Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
25-05-2025
- Business
- Yahoo
Investors in TP ICAP Group (LON:TCAP) have seen splendid returns of 148% over the past three years
The most you can lose on any stock (assuming you don't use leverage) is 100% of your money. But if you buy shares in a really great company, you can more than double your money. To wit, the TP ICAP Group PLC (LON:TCAP) share price has flown 100% in the last three years. That sort of return is as solid as granite. The last week saw the share price soften some 2.3%. Let's take a look at the underlying fundamentals over the longer term, and see if they've been consistent with shareholders returns. We've discovered 2 warning signs about TP ICAP Group. View them for free. While markets are a powerful pricing mechanism, share prices reflect investor sentiment, not just underlying business performance. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time. TP ICAP Group was able to grow its EPS at 223% per year over three years, sending the share price higher. This EPS growth is higher than the 26% average annual increase in the share price. Therefore, it seems the market has moderated its expectations for growth, somewhat. This cautious sentiment is reflected in its (fairly low) P/E ratio of 11.70. The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers). We know that TP ICAP Group has improved its bottom line over the last three years, but what does the future have in store? This free interactive report on TP ICAP Group's balance sheet strength is a great place to start, if you want to investigate the stock further. When looking at investment returns, it is important to consider the difference between total shareholder return (TSR) and share price return. Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. Arguably, the TSR gives a more comprehensive picture of the return generated by a stock. As it happens, TP ICAP Group's TSR for the last 3 years was 148%, which exceeds the share price return mentioned earlier. The dividends paid by the company have thusly boosted the total shareholder return. It's nice to see that TP ICAP Group shareholders have received a total shareholder return of 32% over the last year. Of course, that includes the dividend. That's better than the annualised return of 3% over half a decade, implying that the company is doing better recently. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. It's always interesting to track share price performance over the longer term. But to understand TP ICAP Group better, we need to consider many other factors. Consider for instance, the ever-present spectre of investment risk. We've identified 2 warning signs with TP ICAP Group , and understanding them should be part of your investment process. If you are like me, then you will not want to miss this free list of undervalued small caps that insiders are buying. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on British exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Bloomberg
22-05-2025
- Business
- Bloomberg
TP ICAP Hit by Multimillion-Euro Ruling for Short-Selling Role in Dividend Tax Scandal
TP ICAP Group Plc was hit by a German court ruling ordering it to pick up a potentially multimillion-euro tax bill because the broker allowed its managers to commit crimes with Cum-Ex trading. A Hamburg court issued the judgment in a case brought by M.M. Warburg & Co, which sued TP ICAP and others over losses of €291 million ($329 million) — the amount the German lender had to repay to authorities in the affair.
Express Tribune
06-05-2025
- Business
- Express Tribune
Oil prices climb 4%
Listen to article Oil prices climbed about 4% on Tuesday on signs of higher demand in Europe and China, rising tensions in the Middle East and as buyers emerged the day after prices collapsed to a four-year low on a decision by OPEC+ to boost output. Brent futures rose $2.37, or 3.9%, to $62.60 a barrel at 11:12 am (1512 GMT). US West Texas Intermediate (WTI) crude gained $2.42, or 4.2%, to $59.55. OPEC+ decided over the weekend to speed up oil production hikes for a second consecutive month. "After evaluating the latest OPEC+ move to accelerate the easing of supply cuts, market players are focusing on developments in trade and the possibility ... that trade deals will be reached," said Tamas Varga, an analyst at PVM, a brokerage and consulting firm that is part of TP ICAP. Varga also pointed to the rise in geopolitical risk premium in the Middle East as Israel struck Iran-backed Houthi targets in Yemen as a retaliation for an assault on Ben Gurion airport. Prices also drew support after consumers in China increased spending during the May Day celebration and as market participants returned after the five-day holiday.
