TP ICAP, one of the world's largest inter-dealer brokers, invests in encryption

TP ICAP, the world's largest broker-to-dealer broker, announced its commitment to the encryption business as an intermediary between customers who want to buy and sell bitcoin futures. The company's new joint venture, operated by Simon Forster and Duncan Trenholme in London, is expected to increase bitcoin-related non-deliverable forward contracts and intends to open trading desks in Asia and the US. TP ICAP will begin with a cash-settled futures contract that is traded on a regulated public market managed by CME. In addition, customers must comply with the “KYC” and “anti-money laundering” regulations, and they can still obtain Bitcoin through the company's services.