TP ICAP expands Matchbook Rebalance in the United States

TP ICAP, a global firm of professional intermediaries that operates in the world's financial, energy and commodities markets, announced that it has launched Matchbook Rebalance, a regulated, pure electronic post trade solution that reduces residual risks in fixed income portfolios, in the US market. 

Matchbook Rebalance leverages TP ICAP's proprietary algorithmic trading technology, enabling clients to upload their entire portfolios onto the platform and manage their participation and results based on a choice of parameters and controls.

This new solution replaces the FUSION Scrapbook platform which was launched in 2018 by Oksana Cole, Head of US Matchbook Credit Sales, and her team. New and existing clients will now benefit from the Rebalance platform, which successfully launched across TP ICAP's EMEA operations at the end of last year.

Fausto Serrano, Head of eCredit and Matchbook Rebalance Americas, said: "Our network of corporate bond and emerging market traders is one of the largest in the US, and through Matchbook Rebalance we're able to offer a high quality risk mitigation solution. Our business is focused on electronification and, through innovative platforms such as this, we're able to make trading easier and more effective for our clients."