Coex Partners bought by TP ICAP
TP ICAP has purchased Coex Partners Limited, an independent agency broker. With offices in London, Paris and New York, Coex provides trade and execution services in listed derivatives and OTC foreign exchange to hedge funds, asset managers and other clients. It will be incorporated into TP ICAP’s Institutional Services division, which provides pre-trade information, market intelligence and intermediation to clients. The deal is worth £7.1m, with additional performance-related payments available over the next four years.