The deal, which is expected to be complete in the first quarter of 2021, will create a UK-headquartered global financial markets infrastructure provider.
Liquidnet is a global institutional investment network that connects asset managers with liquidity. Acquiring Liquidnet is part of TP ICAP’s intention of accelerating the execution of their electronification, aggregation and diversification strategy. The company intends to continue to invest in and grow Liquidnet’s leading dark/block Equities business.
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