TP ICAP Group, a diversified global markets infrastructure and data solutions provider, has bundled its data and analytics with its post trade offerings under the umbrella of Parameta Solutions.
The business includes OTC content and proprietary data, in-depth insights across price discovery, risk management, benchmark and indices and pre- and post-trade analytics.
Its nascent post-trade solutions aim to help market participants control counterparty and regulatory risks through a growing range of tools that manage balance sheet exposure, as well as compression and optimisation services.
Eric Sinclair, who has been at the helm of TP ICAP’s data and analytics unit since late 2017, will remain chief executive of the newly created business.
“By providing valuable OTC market data, we make it easier for our clients to manage complex markets where quality pricing data is scarce,” said Sinclair.
He added, “We aim to develop our offering to provide tailored data-powered solutions that create possibilities and value, distributing these solutions from enterprise to cloud delivery, via channel partners, or direct via the Parameta Solutions webstore.”
Nicolas Breteau, CEO of TP ICAP Group, said, “The Parameta Solutions business is an engine of sustainable growth and diversification for our Group. Its strategy is to develop new products, provide new methods of distribution and grow its client base by expanding its presence with the buyside.”
He noted “Giving the business a new, distinct identity will accelerate the execution of this strategy, better enabling it to develop new partnerships, work with third party data sources, and diversify its offering beyond raw data to include benchmarks, indices and post trade solutions.”
Last year, Parameta Solutions, which is the flagship brand of TP ICAP’s Data & Analytics division, posted a 9% increase in revenues (in constant currency) to £145m.
Other brands within the fold include Tullett Prebon Information, PVM Data Services, ICAP Information, Liquidnet Investment Analytics and Burton-Taylor Consulting.
TP ICAP recently completed its $700m acquisition of institutional trading network and dark pool operator Liquidnet.
©Markets Media Europe 2021
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