TP ICAP has finalised its acquisition of global brokerage Vantage Capital Markets.
The move expands TP ICAP’s equity derivatives and fixed income footprint, leveraging Vantage’s outreach across Hong Kong, London, Tokyo and Dubai.
The deal was initially announced on 9 January 2026, and will also allow Vantage to make use of TP ICAP’s offering and leadership across the US, fostering growth.
Vantage’s leadership will also continue in their current roles amid the move.
Dan Fields, chief executive of global broking at TP ICAP, said: “We are pleased to complete the acquisition of Vantage Capital Markets, strengthening our global broking capabilities and expanding our presence across key markets.
“Together, we are well positioned to deliver enhanced liquidity and broader opportunities for our clients, while continuing to grow TP ICAP’s equity derivatives and fixed income offering.”
Read more – TP ICAP creates new dealer-to-client credit business with acquisition of Neptune
Currently, Vantage’s offering spans more than 80 brokers, and the firm serves in excess of 800 institutional clients across the world.
Recently, TP ICAP launched a new credit trading and data platform – RealQ – in a bid to enhance bond market liquidity.
The new offering combines Neptune Networks’ dealer axe and inventory data with Liquidnet’s institutional connectivity and buy-side workflows, and comes a year after TP ICAP acquired Neptune Networks in June 2025.