I have a couple thoughts: 1) TP ICAP is diversifying during a low-rate environment which is hurting its core markets - a good move imo 2) They're getting into a crowded field, brushing up against Bloomberg, MarketAxess and Tradewebhttps://twitter.com/Pigeonomics/status/1314555276360642565 …
A good article on the deal if interested:https://www.ft.com/content/767f7f19-4ef7-42da-a22a-5ec46016d550 …
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