TP-Icap Rebrands Data, Analytics and Post-Trade Division
Posted by Colin Lambert. Last updated: April 12, 2021
TP-Icap, which now brands itself as a “diversified global markets infrastructure and data solutions provider” – itself an insight into the changing world of the inter-dealer broking firms – has rebranded its data, analytics and post-trade offerings to Parameta Solutions.
The business, which last year posted a 9% increase in revenues to £145 million, provides clients with OTC content and proprietary data, insights across price discovery, risk management, benchmark and indices and pre and post-trade analytics.
The firm says its nascent post-trade solutions offering will 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.
“The Parameta Solutions business is an engine of sustainable growth and diversification for our group,” says Nicolas Breteau, CEO of TP Icap Group. “Its strategy is to develop new products, provide new methods of distribution and grow its client base by expanding its presence with the buy side.
“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,” he adds.
Eric Sinclair, who was CEO of the former data and analytics business, transitions across to become CEO of Parameta Solutions. He says, “By providing valuable OTC market data, we make it easier for our clients to manage complex markets where quality pricing data is scarce. 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.”