London: TP ICAP, the world’s largest interdealer broker, has announced that, with effect from today, it is ready for the Markets in Financial Instruments Directive (MiFID II).
The TP ICAP group has been authorised by the UK’s Financial Conduct Authority to operate Multilateral Trading Facilities (MTFs) and Organised Trading Facilities (OTFs).
MiFID II will impact the way TP ICAP operates and, as of this morning, Tullett Prebon, ICAP and PVM, now run 11 trading venues in Europe, meaning TP ICAP is now the world’s largest operator of MiFID II trading venues.
John Phizackerley, Chief Executive, TP ICAP, said: “Preparing for MiFID II has been a major priority for TP ICAP. We’ve invested across the group to make sure we are ready, and have been working hard over several years to get ourselves prepared for its implementation. Our clients will have access to our brokers and trading platforms as they always have, and can be assured that they have the best source of pre-trade and post-trade data to enable them to form efficient commercial and trading strategies.”
More information can be found on the TP ICAP corporate website.