02.11.2026

TP ICAP Offers First ATS for U.S. Structured Products

02.11.2026
High-Touch Sales Traders Go Electronic

 TP ICAP Group has introduced TP ICAP Fusion Structured Products Trading Systems, an Alternative Trading System (“ATS”) electronic secondary market trading of structured products in the United States.  

The platform addresses liquidity fragmentation by providing a centralized order book, real-time RFQs, available market prices and firm offerings for issuer banks, distributors, wholesalers RIAs, and broker-dealers servicing institutional clients.  

Fusion Structured Products delivers: 

·       Market Visibility: Live aggregated view of RFQs for subscribers and available pricing. 

·       Enhanced Liquidity: Multiple sources in a single electronic marketplace. 

·       Anonymous Execution:  Transact with confidentiality. 

·       Functionality: Detailed reporting, and audit trail capabilities. 

Robert Romano, Head of Structured Products, Americas, commented: “Fusion Structured Products enhances the secondary market by introducing an electronic trading environment, streamlining operations for the industry and enabling market participants to access new trading opportunities. This innovation aligns with broader market trends toward electronification and regulatory demands for transparency.” 

The full name of the Alternative Trading System is TP ICAP Fusion Structured Products Trading Systems. 

Source: TP ICAP

 

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