tp icap liquidnet

“We will add TP ICAP’s dealer connectivity to Liquidnet’s buy-side electronic network to create a powerful dealer-to-client competitor,” added Breteau. Non-contingent deferred debt in the form of a vendor … In addition, a non-contingent deferred sum of USD 50.00 million … Outlining the rationale behind the deal, TP ICAP added that it sees clear potential to build on Liquidnet’s agency-only model with its own dealer relationships, connectivity, and product suite. Acquiring Liquidnet is a unique opportunity to transform TP ICAP’s growth prospects by materially accelerating the execution of our electronification, aggregation, and diversification strategy.. Liquidnet is a cash Equities dark/block trading global specialist, with a growing Fixed Income presence. Liquidnet is a premier, technology-driven, global electronic trading network with more than 1,000 buyside clients 1. Commenting on the Acquisition, Nicolas Breteau, CEO, TP ICAP, said: “Acquiring Liquidnet is a unique opportunity to transform TP ICAP’s growth prospects by materially accelerating the execution of our electronification, aggregation and diversification strategy. TP ICAP is in the process of acquiring institutional trading network and dark pool operator Liquidnet for $700 million in a bid to boost its electronic and low-touch trading capabilities. On 9 October 2020, TP ICAP announced that it had agreed definitive terms to acquire Liquidnet, a US-based operator of a dark trading venue, for up to USD700 million. Friday October 9, 2020 8:39 am. TP ICAP also expressed plans of raising £326 million via a rights issue to fund the announced acquisition. Interdealer broker and trading services provider TP ICAP outlined its future plans at its Capital Markets Day on Tuesday 1 December, to develop low touch trading across asset classes, and to facilitate dealer-to-client trading through the acquisition of block-trading platform Liquidnet. TP ICAP agrees Liquidnet purchase. TP ICAP acquires Liquidnet. The total consideration of the transaction includes cash consideration of $525m, subject to customary adjustments, paid during the closing of transaction, … TP ICAP has agreed to buy US equities trading business Liquidnet in a $575m deal that pushes the London broker into the share trading market. UK-based TP ICAP has signed an agreement to acquire 100% stake in global electronic trading network Liquidnet, for a total consideration of between $575m and $700m. Proposed Acquisition of Liquidnet. Liquidnet, which has more than 1,000 buyside clients, will help the broker’s digital push, it said today. Liquidnet is a technology-powered institutional investment network with specialisation in equities dark trading Liquidnet is an electronic trading network based in the US. London Stock Exchange plc is not responsible for and does not check content on this Website. “Acquiring Liquidnet is a unique opportunity to transform TP ICAP’s growth prospects by materially accelerating the execution of our electronification, aggregation and diversification strategy. Under the terms of the transaction, the buyer will pay a cash consideration of USD 525.00 million for the business. TP ICAP is the world's largest inter-dealer broker and acts as an intermediary between sophisticated market participants who are seeking to buy and sell financial products in markets where there are no centralised exchanges or market makers, such as over-the-counter or bond markets. TP Icap was the FTSE 250’s biggest faller after it set out plans to slash its dividend to fund a takeover of Liquidnet. October 9, 2020 Craig Gambol Zephyr. Originally, the company wanted to buy Liquidnet for £460 million, as per its bid in September. Interdealer broker TP ICAP is in advanced discussions to take over block-trading equity and bond trading market operator Liquidnet for US$700 million. TP ICAP has agreed definitive terms to acquire institutional trading network and dark pool operator Liquidnet for up to $700 million, shortly after confirming discussions for the takeover. TP ICAP PLC (LON:TCAP) today announces that it is in advanced discussions relating to the proposed acquisition of the entire issued share capital of technology-driven, global electronic trading network Liquidnet Holdings, Inc. TP ICAP agrees to purchase Liquidnet. TP ICAP, the world's biggest inter-dealer broker, said on Tuesday it was in advanced talks to buy electronic trading network Liquidnet Holdings Inc for $600 million to $700 million. By. The world’s largest inter-dealer broker, TP ICAP plc (LON: TCAP) said on Friday that it will acquire Liquidnet (electronic trading network) for £441 million to £537 million. The investment of between £25m and £30m to build the new platform will be funded from Liquidnet’s cashflow. (Credit: Pexels from Pixabay.) TP ICAP today confirmed plans to acquire private trading operator Liquidnet as the world’s largest interdealer broker continues with the ambitious growth plans outlined by its new management earlier this year. “We believe that TP ICAP’s strong dealer relationships and product expertise are highly complementary to Liquidnet’s electronic capabilities and global buyside customer base,” TP ICAP Chief Executive Officer Nicolas Breteau said. It represents a transformational opportunity for TP ICAP to diversify its business mix, accelerate the upward shift of its revenue growth profile and improve underlying operating margin. 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