TP ICAP to acquire a 70% majority stake in Neptune Networks.

TP ICAP, a provider of financial markets infrastructure, agreed to acquire a 70% majority stake in Neptune Networks, a financial data company. Financial terms were not disclosed. “Neptune is an exceptional platform with deep connectivity on both the sell-side and buy-side. With our partners, we plan to enhance and grow Neptune’s core data business, strengthening its relevance to the buy-side via Liquidnet’s electronic credit trading platform. By combining Liquidnet’s extensive client reach with leading liquidity providers, we can seamlessly and discreetly connect the sell-side and buy-side to unlock exciting potential, positioning us well to drive a step-change in fixed income markets and liquidity,” Nicolas Breteau, TP ICAP CEO.