The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

TP ICAP Sets Up Parameta Solutions as New Brand for Data, Analytics and Post-Trade Offerings

Subscribe to our newsletter

TP ICAP has set up a new business, Parameta Solutions, to provide a flagship brand for its data and analytics division. It is due to be opened officially next week.

Parameta’s data and analytics offerings will include unbiased OTC content and proprietary data, in-depth insights across price discovery, risk management, benchmarks and indices, and pre and post-trade analytics.

On the post-trade side, Parameta aims to help market participants control counterparty and regulatory risk through a growing range of tools for managing balance sheet exposure, as well as compression and optimisation services.

According to Eric Sinclair, CEO of Parameta Solutions, the new brand will bring greater visibility and strength to the solution set formerly within TP ICAP’s data and analytics division. “We needed a global data brand to represent our franchise as an information business, as distinct from TP ICAP’s IDB business. The Parameta brand gives that distinction,” he says.

In March 2021, TP ICAP completed its £700 million acquisition of LiquidNet, whose investment analytics division will also be rolled into the Parameta brand, along with a range of TP ICAP’s post-trade services. “With such a strong foundation of data and analytics, we’ll have greater capability to do more for our clients, a far richer offering, and a skill set among our team that is richer than it has ever been,” says Sinclair. “Given our expanding capabilities, we’ll also be able to make more partnerships and move up the value pyramid.”

As well as aiming for greater penetration into TP ICAP’s existing customer base, Parameta is looking to expand to a wider customer base. “We have a growing presence in the middle and back office, particularly around risk management and compliance,” says Sinclair. “Our new capabilities appeal to the buy side, not only asset owners and asset managers, but also corporates needing inside market pricing levels from a premier OTC source. So we’re expanding our addressable market to include the buy side and corporates, particularly on the energy and commodities side. This is an important growth opportunity for us.”

Sinclair says Parameta will shortly release a webstore that will allow clients to license its products online via the cloud. “Clients will be able to acquire our products in the same way as they go onto Amazon and order books,” he says. “That self-service capability will be very attractive, particularly for hedge funds that want to act quickly when they see an opportunity in the market.”

TP ICAP’s data and analytics division posted a 9% increase in revenues (in constant currency) at £145 million in 2020. Other brands within the division include Tullett Prebon Information, PVM Data Services, ICAP Information, Liquidnet Investment Analytics and Burton Taylor Consulting.

Subscribe to our newsletter

Related content

WEBINAR

Upcoming Webinar: How to leverage APIs to build faster, scalable applications

Date: 31 March 2022 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes For many financial institutions, implementing an application programming interface (API) strategy will be a way to stay in the game. APIs are essential to digitalisation and automated trading. They are also key to connectivity between diverse and disparate applications,...

BLOG

Macrobond Launches Live Data Sharing Platform with Aviva Investors

Macroeconomic data and analytics solutions vendor Macrobond has partnered with asset manager Aviva Investors to develop and launch the Macrobond Viewer, a data sharing platform that gives users the ability to share live research across the enterprise. Aviva Investors has already deployed the tool, which allows economists and portfolio managers to share live charts with...

EVENT

RegTech Summit London

Now in its 7th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

Trading Regulations Handbook 2021

In these unprecedented times, a carefully crafted trading infrastructure is crucial for capital markets participants. Yet, the impact of trading regulations on infrastructure can be difficult to manage. The Trading Regulations Handbook 2021 can help. It provides all the essentials you need to know about regulations impacting trading operations, data and technology. A-Team Group’s Trading...