TP ICAP Launches Post-Trade Solution for Fixed Income in United States

Rick Steves

“Our network of corporate bond and emerging market traders is one of the largest in the US, and through Matchbook Rebalance we’re able to offer a high-quality risk mitigation solution.”

TP ICAP has launched a regulated, pure electronic post-trade solution that reduces residual risks in fixed income portfolios, in the United States. The product was successfully released across TP ICAP’s EMEA operations at the end of last year.

Going by the name of Matchbook Rebalance, the service can be deployed across High Yield and Emerging Markets. The firm plans to roll out the solution across Investment Grade products within Q1 2021.

Using TP ICAP’s proprietary algorithmic trading technology, Matchbook Rebalance replaces the FUSION Scrapbook platform which was launched in 2018.

Fausto Serrano, Head of eCredit and Matchbook Rebalance Americas, commented: “Our network of corporate bond and emerging market traders is one of the largest in the US, and through Matchbook Rebalance we’re able to offer a high-quality risk mitigation solution. Our business is focused on electronification and, through innovative platforms such as this, we’re able to make trading easier and more effective for our clients.”

The market infrastructure company has recently appointed Andrew Polydor as Head of Global Markets. He will be responsible for the Group’s Global Broking division in addition to his current responsibilities as head of TP ICAP’s Energy & Commodities.

As head of Global Broking at TP ICAP, a position he has held for 12 years, Mr. Polydor is in charge of the largest interdealer broker in the world and services markets in Rates, FX & Money Markets, Emerging Markets, Equities, and Credit products. In 2019, Global Broking’s revenues were £1.2 billion.

TP ICAP has also recently launched Fusion Islamic Finance, a new platform that facilitates Commodity Murabaha transactions and provides liquidity to the Islamic financial marketplace. The platform enables clients to purchase assets and take advantage of growth opportunities in the Halal sectors, infrastructure, and Sukuk bonds. The Islamic financial marketplace has grown to be worth USD 2.44 trillion in 2019, up from USD 2.05 trillion in 2018.

Read this next

Digital Assets

BlockDAG’s Presale Achieves $9.9M: Aiming For A 5000-Fold ROI As Cardano’s Price Rises And Fantom Launches Sonic

Explore Cardano’s surge, Sonic’s efficiency, and why BlockDAG’s growth makes it the top crypto choice. A deep dive into the future of blockchain investments.

Digital Assets

US, UK probe $20 billion Tether transfers tied to Russian exchange.

U.S. and UK authorities are investigating the movement of $20 billion in the USD-pegged stablecoin tether (USDT) through Moscow-based exchange Garantex.

Digital Assets

BlockDAG Presale Raises $9.9M as Batch 5 Nears Sell-Out Amid Bonk’s Fluctuating Trading Volume & Spell’s Bullish Price

Explore BONK’s trading volume, SPELL’s market shifts, and why BlockDAG’s 10,000 ROI makes it an ideal crypto for savvy investors in 2024.

Digital Assets

Bybit expands into Europe amid regulatory scrutiny

Dubai-based cryptocurrency exchange Bybit is expanding its operations in Europe after encountering regulatory challenges in Hong Kong.

Digital Assets

Cathie Wood’s sponsored Bitcoin ETF sees historic $200 million inflows

The ARK 21Shares Bitcoin ETF (ARKB), co-sponsored by Cathie Wood’s ARK Invest, registered historic inflows exceeding $200 million on Wednesday, signaling a robust appetite among investors for Bitcoin-centric investments.

Digital Assets

Sam Bankman-Fried might see his 25-year sentence halved

Sam Bankman-Fried, the founder of the failed cryptocurrency exchange FTX, was sentenced to 25 years in federal prison by a Manhattan court on Thursday. This comes after he was convicted of defrauding customers and investors, with Judge Lewis Kaplan highlighting the potential future risks posed by Bankman-Fried.

Technical Analysis

EURJPY Technical Analysis Report 28 March, 2024

EURJPY currency pair under the bearish pressure after the pair reversed down from the major resistance level 164.25, which also stopped the sharp weekly uptrend at the end of last year,

Digital Assets

BlockDAG’s Presale Hits $9.9M, MultiversX & MINA Price Predictions Show Green

Read about BlockDAG’s promising $10 prediction and insights on MultiversX Price Prediction as MINA’s potential unfolds.

Digital Assets

Rockstar Co-Founder and All-star Line Up Join Advisory Board to Take Metacade into Post Beta Orbit

Metacade, the revolutionary Web3 gaming platform, prepares to streak out of beta with a slew of ground-breaking initiatives that will redefine the way blockchain games are developed.

<