TP ICAP bolsters data and analytics business with first acquisition

TP ICAP has acquired market research firm Burton Taylor International Consulting.

TP ICAP has completed the acquisition of market research firm, Burton-Taylor International Consulting, marking the first acquisition since its rebrand.

The deal will see TP ICAP expand its depth of data for clients and expand its services into new sectors and client bases as it address a growing demand for data and analytics.

Chief executive officer at TP ICAP, John Phizackerley, explained being successful in the data business requires “quality, independent, position-neutral content and that is precisely what a combination of the Burton-Taylor assets and our data and analytics division represent.”

Frank Desmond, chief executive officer at TP ICAP’s data and analytics division, added the transaction further expands the firm’s data business, which already includes Tullett Prebon Information, ICAP Information Services and PVM Data Services.

Douglas Taylor, founder and managing partner of Burton-Taylor will be joining the TP ICAP Group as part of the acquisition.

TP ICAP recently saw a surge in trading in activity in the fourth quarter of 2016, following market volatility as a result of Donald Trump’s election.

Annual revenues are expected to be 12% higher than 2015, when sales stood at £796 million, and 4% higher at constant exchange rates, TP ICAP said.