TP ICAP has announced that it has acquired the NENE GLOBAL Investment Banks to launch a new credit company, a dealer, to a customer (D2C).
In a press release on Monday, the company said that this step aims to transfer fixed income markets through an improved data and implementation services.
The London Market Infrastructure Company stated that it will merge the actual time data platform in Neptune with the electronic credit trading capabilities in Liquidnet.
The joint entity will make an integrated D2C credit offer, and link participants in the purchase side and the sale aspect.
In Launch, Barclays, BNP Paribas, Citi, Crédit Agricole CIB, Deutsche Bank, Eng, JP Mortan, Morgan Stanley and UBS, has a 30 % stake in new business.
“Neptune is an exceptional platform with a deep connection to each of the sale and the purchase side,” said Nicholas Preto, CEO of TP ICAP. “By combining the wide liquidnet client with the leading service providers for liquidity, we can smoothly and link the sale aspect and the purchase side to cancel the exciting capabilities“
This step comes amid rapid growth in electronic bond trading, with 43 % of bond sizes in the United States and the return on electronically from November 2024, an increase of 19 % and 2 % respectively in 2015.
The bank representatives welcomed the integration, while highlighting its capabilities to increase transparency, liquidity and competition in the credit markets through greater integration of data and implementation tools.