New hires highlight the opportunities for interdealer brokers as investment banks scale back their markets divisions

The interdealer broker TP Icap has made a series of hires in a bid to win more trading business from hedge funds and other investment firms — historically the clients of the City’s big bank dealers.

The company, formed at the end of 2016 by Tullett Prebon's £1.3bn takeover of Icap, has expanded its institutional services division under Sam Ruiz, 

Broker TP Icap chases hedge fund cast-offs from banks

TP Icap chases banks’ hedge fund cast-offs

Samuel Agini

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