BUSINESS WIRE – London – ICAP plc (IAP.L), a leading markets operator and provider of post trade risk and information services, notes the statement today from the Competition and Markets Authority (“CMA”) announcing that the proposed Transaction to dispose of ICAP’s global hybrid voice broking and information business to Tullett Prebon plc is being referred for a phase 2 investigation solely as a result of potential concerns in respect of the voice/hybrid broking of oil products unless suitable remedies are offered.
ICAP is confident that clearance from the CMA will be obtained and, together with Tullett Prebon, is in the process of obtaining the necessary remaining regulatory and competition approvals from relevant authorities. The proposed Transaction remains on track to complete later this year.
Upon completion the ICAP Group will begin to trade as NEX Group plc, a focused electronic and post trade group with a leading portfolio of financial market infrastructure businesses and products.
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
It's been a month since we had our Women In Finance Awards in New York City at the Plaza! Take a look back tab some moments, and nominate for our upcoming awards in Mexico City and Singapore here: https://www.marketsmedia.com/category/events/
4
Citadel Securities told the SEC that trading tokenized equities should remain under existing market rules, a position that drew responses from various crypto industry groups. @ShannyBasar for @MarketsMedia:
SEC Commissioner Mark Uyeda argued that private assets belong in retirement plans, saying diversified alts can improve risk-adjusted returns and that the answer to optimal exposure “is not zero.” @ShannyBasar reporting for @MarketsMedia:
COO of the Year Award winner! 🏆
Discover how Jennifer Kaiser of Marex earned the 2025 Women in Finance COO of the Year recognition.
Related articles
-
The regulator founf stronger practices compared to its 2014 thematic review.
-
The only Democrat Commissioner says the speed of regulation and the lack of public comment is unsettling.
-
The EU regulator will launch the process for selecting a replacement for Verena Ross.
-
This opens a path for FCMs to use digital assets as customer collateral under CFTC regulation.
-
Regulator ends probe examining if Ondo’s tokenization of real-world assets complied with securities laws.