The options exchange operator hopes to make it easier for participants to translate data into context and insight, and to broaden participation from new market
A look at some of the key "people moves" from this week, including Andrew Polydor (pictured), who has been appointed head of global markets at TP Icap.
(Bloomberg) London financiers are discovering that warnings from the European Union over the cost of Brexit are more than tough talk.Even the global pandemic’s fallout didn’t provide any wiggle room for the world’s largest interdealer broker, TP ICAP Plc.The London-based firm said Monday it was prevented from serving all its EU clients because it hadn’t completed its planned relocation of staff to Paris. The company’s disclosure came hours before a Dutch member of the European Central Bank’s executive board emphasized the need for banks to build out their units in the bloc.“It is essential that we continue to push banks which have relocated to the euro area to allocate enough staff and assets to their new structures,” the ECB official, Frank Elderson, told the European Parliament.The developments underscore the hard line taken by European regulators keen to compete for the crown jewel of the British economy, which was excluded f
British broker TP ICAP said on Monday it has to stop serving some clients in the European Union for the time being because it does not yet have enough staff in its new Paris-subsidiary to meet French regulatory requirements.