TP ICAP Announces the Launch of Parameta Solutions

The company recently completed the acquisition of Liquidnet.

TP ICAP, a leading global markets infrastructure and data solutions provider, announced today that the company has launched Parameta Solutions, which is a new identity of TP ICAP’s data and analytics and post-trade offerings.

According to the official announcement, the company’s post-trade solutions will enable market participants to control different risks, including regulatory and counterparty risks through a wide range of tools.

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TP ICAP mentioned that its data and analytics division posted a jump of 9% in revenues during 2020. The interdealer broker added that Parameta Solutions is the flagship brand of the company’s Data & Analytics division.

Commenting on the latest announcement, Nicolas Breteau, CEO of TP ICAP Group, said: “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.”

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TP ICAP recently completed the acquisition of private trading operator, Liquidnet and its subsidiaries. The Group reported a slight dip in its financial numbers due to the impact of the coronavirus pandemic.

Focus on Solutions

TP ICAP mentioned that the company is focusing on providing data-powered solutions for clients to manage complex markets. TP ICAP has several other brands within the company’s Data & Analytics division, including Tullett Prebon Information, PVM Data Services, ICAP Information, Liquidnet Investment Analytics and Burton-Taylor Consulting.

“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,” Eric Sinclair, CEO of Parameta Solutions, mentioned in the official press release.

TP ICAP announced the promotion of Andrew Polydor to Head of Global Markets in February 2021.

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