TP ICAP, one of the largest vendor-to-dealer brokers in the world, has started offering an exchange traded product (ETP) to its clients.
Co-chairs of TP ICAP digital assets Simon Forster and Duncan Trenholme in an interview investment banks, hedge funds and other large financial institutions the company, which facilitates its transactions, in Europe Goldman Sachs, Flow Traders and Jane Street He said that customers such as
Stating that the easiest way for customers to adopt digital assets is to trade stock-linked products on the stock market, Forster said the company’s ETC Group offers ETP service like physical bitcoin product BTCE. told.
Meeting the increasing demand for digital assets by corporate customers, the company is not alone in this regard. Many large companies offer ETP services to hedge fund clients in Europe.
Forster notes that the liquidity of some of the current ETP products is “somewhat modest” said that. Increasing interest in digital assets thinking Forster, He hopes that as more corporate companies enter the sector, the number of products will increase and the ecosystem will grow. expressed.
Currently only in Europe The company that provides the ETP service, Two months in in the USA also crypto-linked ETP plans to start.