TP ICAP rebrands data and analytics division

Combined data and analytics and post-trade business at TP ICAP, Parameta Solutions, will provide clients with OTC proprietary data, benchmarks, and indices.

Interdealer broker TP ICAP has rebranded its data and analytics division and combined it with the post-trade business under one umbrella. 

Operating as Parameta Solutions, the new division includes TP ICAP’s data and analytics products and solutions with post-trade services. 

Eric Sinclair, who has led 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,” Sinclair commented. 

“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.” 

Parameta Solutions covers TP ICAP’s over the counter content and proprietary data, as well as insights across price discovery, risk management, benchmark and indices and pre-and post-trade data.

The post-trade offering also aims to help market participants control counterparty and regulatory risks using balance sheet exposure management tools, with compression and optimisation services.

“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 buy-side,” said Nicolas Breteau, chief executive of TP ICAP.

“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.”

Other brands within the division include Tullett Prebon Information, PVM Data Services, ICAP Information, Liquidnet Investment Analytics and Burton-Taylor Consulting.

Last month, TP ICAP completed its acquisition of institutional trading network and dark pool operator Liquidnet for $700 million after confirming its intention to buy the company in September.