TP ICAP completed the acquisition of Liquidnet Holdings for $700m.

TP ICAP, a stock brokering services provider, completed the acquisition of Liquidnet Holdings, a diversified financial services provider for $700m. "Completing the acquisition of Liquidnet is an important milestone for TP ICAP. Bringing together two highly complementary businesses transforms our growth prospects by materially accelerating the execution of our strategy. Our focus now is on the swift integration of Liquidnet and realising the compelling opportunities to drive higher revenues and returns to shareholders," Nicolas Breteau, TP ICAP CEO.