Tag: TP ICAP

The deal was initially announced in January 2026 and is set to enhance TP ICAP’s positioning in equity derivatives and fixed income markets.  

The new solution – RealQ – aligns with the firm’s objective to create a combined dealer-to-client (D2C) credit business, following the acquisition of Neptune Networks in June 2025.  

The five investors - Barclays, Citadel Securities, Deutsche Bank, TP ICAP and UBS Investment Bank – will provide technology infrastructure and market structure expertise for the tape.  

The move is set to align crypto execution with traditional wholesale markets, in a bid to enhance capital efficiency, risk management and institutional confidence.  

The new platform – which marks an industry first – is expected to support market participants in addressing challenges of liquidity fragmentation when trading these products.  

The move is expected to expand the firm’s presence across equity derivatives and fixed income markets, particularly in APAC, while simultaneously supporting Vantage’s growth in the US.  

Industry experts from TP ICAP, LMAX Group, CoinShares , FalconX, Marex, Crossover Markets and BPX Digital Securities Marketplace analyse the landscape for crypto within the institutional space in the coming year, as digital assets gain traction across the industry.   

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.