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TP ICAP to launch wholesale trading platform for cryptoassets
29th Jun 2021 12:40
(Sharecast News) - Interdealer broker TP ICAP will launch a wholesale trading platform for cryptoassets, working in collaboration with Fidelity Digital AssetsSM, Zodia Custody and Flow Traders.
TP ICAP said the new platform will feature a wholesale electronic marketplace for spot cryptoasset trading, including Bitcoin and Ethereum, as well as providing connectivity and post-trade infrastructure into a network of digital assets custodians.
The FTSE 250-listed group added that the platform was still subject to registration with the UK Financial Conduct Authority.
Andrew Polydor, TP ICAP's global head of markets at, said: "This platform will provide our global client base with the trading infrastructure, connectivity, surveillance, and market standards they require as a minimum across traditional markets whilst also recognising the nuances of this new asset class.
"It leverages mature trading technology developed by our partners GMEX Technologies, to provide spot liquidity in digital assets as well as access to multiple custodians via a bespoke post-trade solution. These are key requirements for our institutional clients who want to be able to trade, invest and safely access this growing area of the market."
As of 1330 BST, TP ICAP shares were up 1.08% at 206.20p.
TP ICAP said the new platform will feature a wholesale electronic marketplace for spot cryptoasset trading, including Bitcoin and Ethereum, as well as providing connectivity and post-trade infrastructure into a network of digital assets custodians.
The FTSE 250-listed group added that the platform was still subject to registration with the UK Financial Conduct Authority.
Andrew Polydor, TP ICAP's global head of markets at, said: "This platform will provide our global client base with the trading infrastructure, connectivity, surveillance, and market standards they require as a minimum across traditional markets whilst also recognising the nuances of this new asset class.
"It leverages mature trading technology developed by our partners GMEX Technologies, to provide spot liquidity in digital assets as well as access to multiple custodians via a bespoke post-trade solution. These are key requirements for our institutional clients who want to be able to trade, invest and safely access this growing area of the market."
As of 1330 BST, TP ICAP shares were up 1.08% at 206.20p.