TP ICAP announces Daniel Fields as CEO of Global Broking

Rick Steves

“I’m excited to take the reins at a time of major change, both within the wider markets and within TP ICAP.”

TP ICAP has appointed Daniel Fields as CEO of the Global Broking division, responsible for driving further growth in the business and delivering strategic execution, including the continued rollout of TP ICAP’s electronic platform, Fusion.

Reporting directly to Group CEO, Nicolas Breteau, Daniel Fields joins TP ICAP from Altero Capital Partners, where he focused on strategic advisory and capital markets.

Having worked in capital markets for over 25 years, Daniel Fields will play the role of CEO of the Global Broking at TP ICAP after a number of top positions at industry leaders, including Global Head of Markets at Société Générale, and Global Head of Trading and Global Head of Sales in its Global Banking and Investor Solutions division.

In result of the appointment, Andrew Polydor, who has led both Global Broking and Energy & Commodities (E&C) throughout the pandemic, will return to focusing on the E&C business as CEO. George Dranganoudis will move from APAC to become Deputy CEO of E&C and EMEA CEO of E&C.

In April, the electronic market infrastructure and information provider appointed Mark Govoni as CEO of Agency Execution.

Excited to take the reins at a time of major change

Nicolas Breteau, Chief Executive Officer of TP ICAP, said: “The appointment of Dan as CEO of our Global Broking business is another important strategic hire for TP ICAP as we continue to build out the strength of our leadership team. His extensive experience in capital markets and strong client relationships position him as the perfect candidate to drive the transformation of Global Broking.

“I’d like to thank Andrew for steering the business effectively through the turbulent years of the pandemic and various macro-economic shocks. He is now able to return to focusing on our E&C business. This division is continuing to embed technology and grow in key areas, such as our renewables and digital assets businesses.”

Daniel Fields, CEO of Global Broking at TP ICAP, said: “TP ICAP’s Global Broking business is a world-renowned market leader, underpinned by a huge amount of expertise, trusted networks and innovative technology. I’m excited to take the reins at a time of major change, both within the wider markets and within TP ICAP. Already, the firm is making great progress advancing its strategy – for example, rolling out its electronic platform, Fusion – and I’m looking forward to working with such a talented team to continue to drive progress so that TP ICAP remains at the forefront of the industry.”

TP ICAP launched FX trading platform in Singapore

TP ICAP has launched an electronic Foreign Exchange trading platform in Singapore powered by its proprietary Fusion interface, recently awarded as the “OTC Platform of the Year” by Risk magazine.

Aligned with the Monetary Authority of Singapore’s strategy to strengthen the jurisdiction’s standing as a major trading hub, TP ICAP will initially offer trading in Asian 1 Month Non-Deliverable Forwards (NDF) and will be expanded to include FX Forwards and additional tenors in Asian NDFs.

TP ICAP’s Fusion interface is a single sign-on, fully customizable electronic platform that provides access to the firm’s global liquidity pools across all products, asset classes, regions, and brands.

TP ICAP announced OTC market for spot crypto trading

Earlier this year, TP ICAP’s Digital Assets Spot platform onboarded SIG as a market maker. The upcoming trading platform is expected to launch this year and has already gathered a few big names within the space, including Flow Traders, Jane Street, and Virtu Financial.

TP ICAP’s new Digital Assets Platform is subject to registration with the UK Financial Conduct Authority and will feature a wholesale electronic Over The Counter (OTC) marketplace for spot crypto asset trading.

The platform will include post-trade infrastructure that provides straight-through processing (STP) and payment netting services for executed trades into a network of digital asset custodians.

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