Continued increase spurred by global exchanges becoming major holders of core capital markets technology and data assets over the last four years, according to the latest TP ICAP report.
The move will see banks including JP Morgan, Deutsche Bank, BNP Paribas and Crédit Agricole hold a 30% stake in the new business.
Coinhako will also integrate with TP ICAP’s Fusion Digital Assets, helping to facilitate risk exchange and increase liquidity.
The TRADE sits down with Max Spoto, group chief operating officer at TP ICAP, to discuss how technology is allowing for an evolution among brokers, the way in which the role of individual over-the-counter (OTC) brokers is changing, and the impacts of cloud adoption in this realm.
AWS will work with TP ICAP to accelerate the development of TP ICAP’s digital platform Fusion, alongside applying its expertise to create a TP ICAP AI and Innovation Lab.
New location will help the firm better deliver services across the Middle East and North Africa region.
As the growth of digital assets continues at a rapid pace, Wesley Bray explores its influence on traditional finance, market structure and trading practices, and looks at what can be learned from the asset class.
Integration will provide FalconX access to competitive pricing and liquidity from TP ICAP’s wholesale clients, alongside helping to bridge together the native crypto asset ecosystem and traditional financial markets.
Incoming individual has previously held senior positions at: BGC Partners, CME Group, Newedge, and TP ICAP.
Participants across TP ICAP, CoinShares, and 4OTC make their predictions for the digital assets landscape next year as institutional interest continues to simmer.