Tullett-Icap Voice Broking Merger Will Drive New Data Products, Indexes

Though details are yet to be confirmed, officials say the combined data group can build new indexes and products that respond to regulatory needs.

frank-desmond

Last week, the brokers announced a deal worth £1.1 billion ($1.68 billion) that─pending regulatory approval─will see Tullett Prebon acquire Icap's global hybrid voice broking and related data business, including associated technology and broking platforms such as over-the-counter interest rate derivatives electronic trading platform i-Swap, while Icap will take a 19.9 percent minority stake in Tullett Prebon through the issue of 310 million new shares.

In an official statement, Tullett Prebon sa

To continue reading...

You need to sign in to use this feature. If you don’t have a WatersTechnology account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: