About Us
Three Decades at the Heart of India’s Wholesale Financial Markets
ICAP IL India Private Limited is one of India’s foremost wholesale market intermediaries, providing market infrastructure and data exclusively to institutional participants since 1994. Headquartered in Mumbai, backed by TP ICAP Group plc — a global leader in wholesale financial markets across 30+ countries.
Company Overview
ICAP India
ICAP IL India Private Limited is a leading intermediary in India’s wholesale financial markets, operating as a specialised interdealer broker for institutional clients. Established in 1994 and headquartered in Mumbai, the firm is part of TP ICAP Group plc.
With over 30 years of operational expertise in the Indian financial services sector, ICAP India has established itself as a key participant across fixed income, FX, and derivatives markets.
Global Network
Part of TP ICAP Group plc
World leaders in liquidity and data solutions across fixed income, foreign exchange, commodities, and equities. TP ICAP Group is the world’s leading interdealer broker, with presence in more than 30 countries. The Group employs approximately 5,000 broking professionals worldwide.
The Group operates five core brands: Tullett Prebon, ICAP, PVM, Liquidnet and Parameta Solutions. Together, they connect clients globally to financial and commodity markets while enhancing price discovery, liquidity and data distribution through responsible, innovative solutions.
Visit tpicap.comCompany History
Our Timeline
- 1994
Established in Mumbai
Founded as India’s first wholesale financial market interdealer broker, serving the nascent institutional fixed income community.
- 2000
Market Expansion
Expanded capabilities into corporate bonds, interest rate derivatives and foreign exchange markets.
- 2016
TP ICAP Group Formed
TP ICAP Group plc is created through the merger of ICAP plc and Tullett Prebon, forming the world’s largest interdealer broker.
- 2007
I-Stream Platform Launch
I-Stream, ICAP India’s electronic trading platform for interest rate derivatives and FX products, was launched in the presence of P. Chidambaram, then Finance Minister of India.
- 2026
SpotFix Launch
Launch of SpotFix, ICAP India’s FX fixing platform.
Key Managerial Personnel