TP ICAP’s Crypto Platform Adds Jane Street and Virtu as Liquidity Providers

TP ICAP, one of the leading markets infrastructure and data solutions providers, announced the addition of Jane Street and Virtu Financial to the list of liquidity providers of TP ICAP Digital Assets Spot Platform today.

The new digital assets platform of TP ICAP, which is subject to registration with the UK’s Financial Conduct Authority (FCA), will offer convenient services related to crypto-assets like Bitcoin (BTC) and Ethereum (ETH).

Through the addition of the liquidity providers, TP ICAP’s digital assets platform will be able to offer tight pricing. The mentioned platform will have an efficient post-trade infrastructure.

“TP ICAP has long-standing relationships across multiple asset classes with both Jane Street and Virtu. We have been working with the Digital Assets teams of these businesses for some time so bringing their expertise and spot liquidity into our ecosystem is a natural evolution that reflects our shared commitment to this asset class. Having another two blue-chip market makers on board at launch will help provide competitive and deep liquidity to our global network of clients who are looking to engage in crypto assets for the first time,” Simon Forster, Co-Head of Digital Assets at TP ICAP, commented.

TP ICAP has expanded its services enormously to meet the growing demand for financial products. In July this year, the data solutions provider announced the launch of SpotMatch, a fully automated Spot FX matching platform.

Digital Assets

With a market cap of more than $2 trillion, cryptocurrencies have gained immense attention from institutional clients. Leading hedge funds and professional investors have added digital currencies like Bitcoin and Ethereum to their portfolios. With Jane Street and Virtu, TP ICAP aims to meet the liquidity needs related to crypto-assets.

Thomas Uhm of Jane Street, said: “We are excited to help create robust trading networks across the crypto ecosystem, and TP ICAPs platform represents a significant new example."