TP ICAP Adds Bruce Messing as Senior Sales Manager

TP ICAP, the world’s largest interdealer broker, today named Bruce Messing as a Senior Sales Manager, based out of New York City.

Mr. Messing is assuming his new role effective this month as the company lines up more industry veterans at a challenging time for an interdealer broking sector, which is being ravaged by technological and structural change.

The company, which earns its bread from making markets in different asset classes, employs thousands of brokers who negotiate trades in markets such as FX and commodities.

The City broker copes with weak financials

Mr. Messing joins TP ICAP from Broadridge FXL, which provides transaction processing software for FX, treasury, and cash management businesses within the financial services industry. During his three-year tenure with Broadridge, he held the positions of vice president of strategic solutions sales and head of client services.

Prior to that, Bruce spent nearly nine years at Thomson Reuters as Head of FX Sales for US and Canada.

Earlier in his career, which dates back to 1989, Messing acted as vice president of FX trading desk at Danske Bank for over 11 years. Other stops include serving as a senior salesperson for buy-side and sell-side Execution Execution Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Execution is the process during which a client submits an order to the brokerage, which consequently executes it resulting in an open position in a given asset. The execution of the order occurs only when it is filled. There is typically a time delay between the placement of the order and the execution which is called latency.In the retail FX space, reliable brokers always strive to deliver best execution to their clients in order to maintain a solid business relationship with them. This is a co Read this Term platforms at Bloomberg Tradebook, part of a lengthy career that spanned over three decades.

TP ICAP was formed two years ago following Tullett Prebon’s acquisition of the voice-broking business from its former rival interdealer broker ICAP. TP ICAP’s data and Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision making. In the trading space, analytics are applied in a predictive manner in an attempt to more accurately forecast the price. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analyt Read this Term division is a provider of real-time price information from the global OTC financial and commodity markets, covering data from the wholesale inter-dealer brokered financial markets.

Weak growth in revenues and profits in the second quarter sent TP ICAP's shares plummeting by almost 15 percent, which came a year after sluggish financials prompted the dismissal of ex-CEO John Phizackerley as it failed to exert a sufficiently tough grip on costs.