26th April, 2023 – London and New York

Global index revenues increased 5.9% in 2022, totaling a record $5.33 billion, according to a benchmark study published by Burton-Taylor International Consulting, part of TP ICAP’s Parameta Solutions division. The new study provides a comprehensive analysis of the index industry with detailed reviews of leading index providers, including FTSE Russell, S&P Dow Jones Indices, MSCI, Nasdaq, STOXX, Bloomberg, Alerian, Intercontinental Exchange, Solactive, Morningstar, CRSP and SIX.

Index industry revenues increased across all revenue segments in 2022, with asset-based fees rising 12.8% annually over the last five years, representing 49% of total and subscription fee revenues.  The remaining index revenues comprise non-recurring transaction revenue and revenue from index licensing for use with derivatives, OTC contracts, and structured products. Higher AUM in ETPs drove growth for most providers, specifically those generating the most revenues from asset-based fees. 

Key findings in the study include:

• FTSE Russell, S&P Dow Jones Indices, and MSCI account for more than 2/3rds of total index revenue.  
• Assets under management in ETFs declined slightly by 4.6% to $9.552 trillion.
• Investments continue to flow into ESG and similar thematic funds, but traditional equity indices still capture 2 of every 3 dollars earned by providers.

“Targeted indices, led largely by sustainable themes related to ESG, capitalize on investors’ desire for exposure to more specific slices of the market and will continue to have a positive impact on index industry revenues,” said Robert Iati, Managing Director at Burton-Taylor. “However, turbulent markets that characterize the current environment are likely to slow the growth of inflows to indexes as investors seek more specific, defined investments to beat, rather than track, the market,” he added.  

You can purchase the full 86-page Burton-Taylor Index Global Share & Segment Sizing 2022 – Global Market Drivers, Global Market Share 2018-22, Key Competitors, Global Segment Sizing 2018-22 by visiting: Global Exchange & Index | Burton Taylor (tpicap.com) or by contacting orders@burton-taylor.com, +1 646 201-4152.

                                                                                   ENDS

About Burton-Taylor International Consulting (www.tpicap.com/burtontaylor)

Burton-Taylor International Consulting, part of TP ICAP group, is the recognized leader in information industry market research, strategy, and business consulting.  Burton-Taylor Exchange, Credit, Risk, Compliance, Media Intelligence, PR, and Market Data share figures are seen as industry benchmark standard globally. For further information see www.burton-taylor.com.

About TP ICAP Group plc:

• TP ICAP connects buyers and sellers in global financial, energy and commodities markets. It is a world-leading provider of liquidity and data solutions, with a portfolio of businesses that provide broking services, data & analytics and market intelligence that are trusted by clients around the world.
• Its Global Broking division is the largest inter-dealer broker in the world.
• TP ICAP operates from more than 60 offices across 28 countries, supporting brokers with award-winning and market-leading technology.
• Fusion is TP ICAP’s award-winning electronic platform. It gives clients access to the aggregated liquidity of TP ICAP’s global brands. It offers a single sign on that connects the client to multiple products, across multiple asset classes.

Media Contact:

Burton Taylor International Consulting

Robert Iati

robertiati@burton-taylor.com

+1 646 868-0619

25th April, 2023 – London

TP ICAP, a world-leading liquidity and data solutions provider, has taken a minority stake in the UK FinTech firm, ipushpull.

The Series A investment will be used to expand the ipushpull team, enhance connectivity of the ipushpull platform, and scale up its live data sharing and workflow automation capacity. TP ICAP’s move is in anticipation of increasing client demand for bespoke APIs, chat-based connectivity, and semi-automated workflows. As part of the investment, Dan Wray, Group CIO, TP ICAP, will join ipushpull’s Board of Directors.

TP ICAP already leverages ipushpull’s fast-to-market, omni-channel delivery as part of its award-winning Fusion technology offering. Fully integrated within Fusion, the ipushpull platform provides clients with custom connectivity links to chat solutions – such as Symphony, Teams, and Slack – and bespoke client API and Excel-based integrations. TP ICAP plans to extend the use of ipushpull to hundreds of clients across multiple asset classes throughout 2023.

Dan Wray, Group CIO, TP ICAP Group, said: “ipushpull is a flexible, scalable solution that sits alongside Fusion’s existing FIX and STP solutions. This enables us to meet our clients’ needs for speed and greater automation. Our investment reflects both the confidence we have in our partnership with ipushpull and the progress we’re making in executing our strategy to transform our business through technology.”

Matthew Cheung, CEO, ipushpull, said: We are delighted that TP ICAP joins ipushpull as a strategic investor and partner using our no-code platform to increase client engagement and accelerate delivery of live data and workflow into client applications of choice, such as chat, Excel and APIs.”

                                                                                        ENDS

About TP ICAP Group plc:

• TP ICAP connects buyers and sellers in global financial, energy and commodities markets. It is a world-leading provider of liquidity and data solutions, with a portfolio of businesses that provide broking services, data & analytics and market intelligence that are trusted by clients around the world.
• Its Global Broking division is the largest inter-dealer broker in the world.
• TP ICAP operates from more than 60 offices across 28 countries, supporting brokers with award-winning and market-leading technology.
• Fusion is TP ICAP’s award-winning electronic platform. It gives clients access to the aggregated liquidity of TP ICAP’s global brands. It offers a single sign on that connects the client to multiple products, across multiple asset classes.

About ipushpull 

ipushpull  is a leading, independent capital markets FinTech firm transforming data-driven services and operations for leading brokers, banks, asset managers, venues, exchanges, crypto, reference data providers and many other data-driven businesses.

The ipushpull configurable data sharing and workflow platform enables the delivery of real-time data on-demand into client applications such as chat and Excel, all integrated into configurable workflows. ipushpull complements and enhances existing data distribution and dedicated screens with its omni-channel delivery model, providing though a single connection a wide choice of delivery options including into chatbots, Excel and APIs while replacing inefficient manual, email and file-based workflows.

ipushpull's s deep domain experience combined with the low code / no code ipushpull platform provides a fast, cost-effective and future-proofed way to transform our customers operational efficiency and their client service, reducing costs and enabling their businesses to grow fast.

For more information visit www.ipushpull.com.

Media Contact:

TP ICAP

Richard Newman

richard.newman@tpicap.com

+44 7469 039 307

ipushpull

Steve Tassell

steve.tassell@ipushpull.com

+44 7802 881 857