TP ICAP trader departs for CIC Market Solutions

Incoming individual has also previously worked for Citi and UBS.

Frédéric Benizri has left TP ICAP to join financing, investment and risk management business CIC Market Solutions as a sales trader.

His most recent role at the inter-dealer broker was as a cross asset sales trader, having spent seven years with the business.

Benizri also previously worked in convertible bonds and equity derivatives flow sales at Citi for three and a half years, at the time based out of London.

Prior to that, Paris-based Benizri worked for UBS, in a structured products sales role.

Earlier this year, The TRADE revealed that TP ICAP Midcap and Liquidnet had partnered to improve block liquidity in the European small and mid-cap equities space through their combined networks and technology.

Around the same time, TP ICAP picked up a minority stake in real-time data sharing and workflow platform, ipushpull as part of a Series A funding round.