TP ICAP Launches Fusion Structured Products Trading System
TP ICAP Group has launched TP ICAP Fusion Structured Products Trading Systems. It’s a new Alternative Trading System focused on electronic secondary market trading of structured products in the United States. It targets industry players, like issuer banks, distributors, wholesalers, RIAs, and broker-dealers serving institutional clients.
Addressing Liquidity Challenges
The system tackles liquidity fragmentation via a centralized order book, real-time RFQs, available market prices, and firm offerings. It creates a unified electronic marketplace connecting multiple sources for improved trading efficiency.
Core Features and Benefits
Fusion Structured Products provides market visibility using a live aggregated view of RFQs for subscribers and available pricing. It pools multiple sources into one platform to enhance liquidity. Also, supports anonymous execution to maintain confidentiality during transactions. Additional functionality includes detailed reporting and audit trail capabilities.
Leadership Perspective
Robert Romano, Head of Structured Products, Americas, stated that the platform enhances the secondary market by introducing an electronic trading environment. He emphasized that it streamlines operations for the industry and opens new trading opportunities. Romano noted this aligns with market trends toward electronification and regulatory demands for transparency.
About TP ICAP
TP ICAP is an inter-dealer broker. It connects buyers and sellers in global financial, energy, and commodities markets. Derek Tullett founded it in 1971. It has become the world’s largest inter-dealer broker, with a revenue market share of 46% among its listed peers. The company aims to connect clients to superior liquidity and data solutions through its people and technology.
Wrapping Up
TP ICAP Fusion Structured Products Trading Systems will offer a more efficient and transparent secondary market. It empowers institutional players with superior tools and opportunities by centralizing liquidity and embracing electronification.
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