TP ICAP Group (TP ICAP), a diversified global markets infrastructure and data solutions provider, has Parameta Solutions, the new identity for its data and analytics and post-trade offerings.
The business provides clients with unbiased 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 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.
Nicolas Breteau, CEO of TP ICAP Group, says: “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.
“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.”
Eric Sinclair, CEO of Parameta Solutions, adds: “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.”
Parameta Solutions is the flagship brand of TP ICAP’s Data & Analytics division, which in 2020 posted a 9 per cent increase in revenues (in constant currency) at GBP145 million. Other brands within the division include Tullett Prebon Information, PVM Data Services, ICAP Information, Liquidnet Investment Analytics and Burton-Taylor Consulting.
