Jane Street and Virtu Added to TP ICAP' s New Crypto Platform

TP ICAP, a diversified global market infrastructure and data solutions provider, today announced that it has added Jane Street and Virtu Financial to the TP ICAP Digital Assets Spot Platform' s list of liquidity providers.

After registering with the UK' s Financial Conduct Authority (FCA), the new digital assets platform of TP ICAP will provide convenient services related to crypto-assets like Bitcoin (BTC) and Ethereum (ETH).

With Jane Street and Virtu, the new digital assets platform will be able to offer tight pricing and will be equiped with an efficient post-trade infrastructure. TP ICAP hopes to  meet the liquidity needs related to crypto-assets by partnering with the liquidity providers.

Simon Forster, Co-Head of Digital Assets at TP ICAP, commented:“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.” 

Thomas Uhm, a broker 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."

As cryptocurrencies have attracted a lot of attention from institutional investors, with a market worth of more than $2 trillion, digital currencies like Bitcoin and Ethereum have been added to the portfolios of major hedge funds and professional investors. Therefore, it is significant for the TP ICAP platform to meet the liquidity needs of its clients.

​To meet the growing demand for financial products in the market, TP ICAP has greatly expanded its services. Fazzaco has reported that TP ICAP has launched SpotMatch, a fully automated Spot FX matching platform in July and it' s Parameta Solutions has introduced Post-Trade Analytics Platform in October this year.