NIT protocol expanded among plans to electronify the full bond lifecycle

In April, TP ICAP expanded its New Issue Trading (NIT) protocol to allow dealers to trade bonds directly across the buy side. Liquidnet launched the NIT protocol – the first electronic solution to trade new issues in Europe – to its network of buy-side firms in September 2021. This development is part of TP ICAP’s continued investment in the new issues space since the acquisition of Liquidnet last year as part of a plan to electronify the full lifecycle of a bond.

In this podcast, Zoi Fletcher speaks to Johnny Gray, Liquidnet Primary Markets, about the benefits of this expansion to the buy and sell sides.

1:05 – How the expansion of the NIT protocol to TP ICAP’s dealers is helping industrialise Liquidnet’s innovation

2:39 – How and why major dealer clients have adopted the new protocol

5:01 – Order/execution management systems Liquidnet has onboarded and other planned integrations

6:33 – Wider ambitions to electronify the full lifecycle of bonds and to apply variations of the protocol to other products


Learn more about trading and investment opportunities at Liquidnet

Risk Awards 2022 winner's interview: TP ICAP

Zoi Fletcher talks to Don McClumpha, chief executive of global broking for Europe, the Middle East and Africa at TP ICAP, about the firm’s win in the OTC trading platform of the year category in the Risk Awards 2022

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