TP ICAP has entered an agreement to acquire global brokerage, Vantage Capital Markets, as part of an effort to expand the firm’s offering across the world.
Nicolas Breteau
Specifically, the acquisition is expected to bolster TP ICAP’s positioning in equity derivatives and fixed income markets, with a key focus on those in the APAC region.
Moreover, the move is also set to benefit Vantage, by enabling the firm to make use of TP ICAP’s footprint and leadership across the US to support its growth.
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Nicolas Breteau, chief executive of TP ICAP Group, said: “This acquisition forms part of our targeted investment strategy to drive profitable growth, expand our global reach, and broaden our product offering. It strengthens our presence in key APAC markets across several asset classes and opens exciting opportunities in the US, where Vantage will be able to leverage our footprint to scale at pace.”
Vantage’s offering specialises in equity derivatives and fixed income, spanning more than 80 brokers. The firm operates across Hong Kong, London, Tokyo and Dubai, with more than 800 institutional clients across the world.
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As part of the move, Vantage’s leadership team will continue in their roles.
The transaction is expected to complete in Q2 2026, subject to regulatory approvals.
“Joining TP ICAP, the world’s leading IDB, marks an exciting new chapter for us. We are confident that, together, we will accelerate our growth, notably in the US, and continue to provide outstanding service to our clients worldwide,” said Roderick Wurfbain, chief executive of Vantage Capital Markets.
The news marks another important move for TP ICAP, and follows the firm’s acquisition of Neptune Networks in June 2025.
The move saw the firm combine and enhance Neptune’s proprietary data network with Liquidnet’s electronic credit trading platform, to create a new dealer-to-client business.