18th April, 2023 – London and New York

Global spending on financial market data and news continued its decade-long growth streak with revenues jumping 4.7% to a record $37.3 billion in 2022. Although real-time trading and data spending accounted for the largest share of total revenues, strong demand for Pricing, Reference and Valuation data drove spending according to a new report published today by Burton-Taylor International Consulting, part of TP ICAP’s Data & Analytics division.

Growth was primarily concentrated in the Americas increasing by 8.3% in 2022, outpacing the 1.8% rate in Asia while spending in EMEA grew by 1.0%. Market data spending in the Americas accounted for 50.8% of the global total, with EMEA and Asia accounting for 31.1 % and 18.1% of the total, respectively.

Bloomberg continues to claim the largest share of the global market data business, followed by Refinitiv and S&P Global Market Intelligence. S&P Global Market Intelligence reported the sharpest revenue growth in 2022, followed by Morningstar, Moody’s Analytics, and FactSet.

“As the uses of market data have extended beyond the trading desk into the middle- and back-office functions, budgets of investment banks and asset managers are increasingly inelastic,” says Hadley Weinberger, Sr. Analyst at Burton-Taylor. “The new forms of data delivery that emerged during previous years’ lockdowns, such as more flexible data feeds and growth in mobile solutions, have found a place in all businesses, boosting the business for market data providers.”

The 99-page Burton-Taylor Financial Market Data/Analysis Global Share & Segment Sizing 2022 report is available for immediate download by Burton-Taylor research members through the website:

• Download a detailed information kit for the report here: https://burton-taylor.com/wp-content/uploads/2021/04/Information-Kit-B-T-Global-Market-Data-Analysis-5-Year-Report-1.pdf
• Purchase the report by visiting https://burton-taylor.com/marketdata-2021-benchmark/ or by contacting orders@burton-taylor.com, +1 646 225-6696. 

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 (www.tpicap.com)

TP ICAP brings together buyers and sellers in global financial, energy and commodities markets. It is the world’s largest wholesale market intermediary, with a portfolio of businesses that provide broking services, data & analytics, and market intelligence, trusted by clients around the world. We operate from offices in 31 countries, supporting award-winning brokers with market-leading technology. For further information see www.tpicap.com

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Media Contact:

Taylor International Consulting

Robert Iati

robertiati@burton-taylor.com

+1 646 868-0619

12th April, 2023 – New York

Liquidnet, a leading technology-driven agency execution specialist, today announced the integration of actionable alerts to their equities trading application, intended to improve execution and alpha generation.

Available to all US and Canadian clients and powered by Liquidnet’s premium suite of algorithms, this next evolution of the firm’s equities trading application offers improved liquidity-seeking capabilities through new alerts. These alerts provide traders with the opportunity to quickly take advantage of liquidity events created by dark blocks as well as the ability to reengage within the Liquidnet network on missed opportunities to trade.

These alerts include the Surge Opportunity alert which was designed off of the success of Surge Capture, the inaugural feature released from Liquidnet’s innovation hub, Liquidnet Labs. Leveraging their own liquidity, these innovative prompts were designed to help traders stay ahead of sudden market movements and capture opportunities that might otherwise be missed. Surge Opportunity is the next stage of evolution, alerting traders of block trades executed in the market and giving them the opportunity to take advantage of these liquidity events.

Alan Polo, Head of Business Development, Americas, said: “Our goal has always been to leverage technology and service to help the buy side solve their liquidity and execution challenges. This way of thinking led us to introduce Surge Capture six years ago, which continues to be one of the most innovative features in the market. The new Surge Opportunity alert reflects our ability to build on our success to introduce new technology-driven solutions for our clients to help them tap into block liquidity within our global network but also in the market as a whole.”

Rob Cranston, Global Head of Equities Product at Liquidnet, said: “Finding block liquidity, particularly in the current market conditions, can be challenging. We’ve seen client success through Surge Capture, and so Surge Opportunity builds off that concept of prompting clients to catch relevant liquidity after a block print. These technology-driven solutions enable our clients to capture these sudden spikes in liquidity and avoid missing out. These new capabilities and alerts are truly unique in the market.”

Additionally, Liquidnet introduced a new interface providing clearer navigation and allowing traders to access calibrated analytics, delivered in a way that fits their workflow to help them define trading strategy and further reduce their costs of trading.

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About Liquidnet

Liquidnet is a leading technology-driven, agency execution specialist that intelligently connects the world’s investors to the world’s investments. Since our founding in 1999, our network has grown to include more than 1,000 institutional investors that collectively manage $33 trillion in equity and fixed income assets. Our network spans 46 markets across six continents. We built Liquidnet to make global capital markets more efficient and continue to do so by adding additional participants, enabling trusted access to trading and investment opportunities, and delivering the actionable intelligence and insight that our customers need. For more information, visit www.liquidnet.com and follow us on Twitter @Liquidnet.

About TP ICAP Group plc

TP ICAP is a leading global markets infrastructure and data solutions provider. The Group connects buyers and sellers in global financial, energy and commodities markets. We are the world's largest wholesale market intermediary, with a portfolio of businesses that provide broking services, trade execution, data & analytics, and market intelligence. www.tpicap.com.

Media Contact:

Liquidnet

Sophonie Robichon

srobichon@liquidnet.com

+44-207-614-1753

4th April 2023 – London

Parameta Solutions, the Data & Analytics division of TP ICAP, has been approved as an ESMA authorised benchmark administrator, making it the first data provider to administer over-the-counter (OTC) benchmarks and indices across Europe and the UK.

The move follows the FCA’s decision last May to authorise Parameta Solutions as a UK benchmark administrator. As a result of Brexit, all UK benchmark administrators are required to apply for EU benchmark approval by the end of this year (December 31, 2023), in order to operate in the EU. By getting in front of this process and securing dual authorisation, Parameta Solutions now has solid governance standards in place to continuously support and create benchmarks for clients across the continent.

Rushmi Katyal, Chief Governance, Risk and Controls Officer at Parameta said: “Our recognition as a benchmark administrator will enable us to provide the highest possible governance standards within the EU. Working in conjunction with the regulators, we have established a consistent foundation for compliance, which will provide our clients with additional peace of mind when using our benchmarks.”

Anand Venkataraman, head of the benchmark and indices product team at the firm, added: “Post Brexit, clients are increasingly looking to benchmarks to enhance their risk management processes. By being approved early in the benchmark transition period, our clients can rest assured that we are fully compliant and transparent.”

About Parameta Solutions

Parameta Solutions is the Data & Analytics division of TP ICAP Group. 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 post-trade solutions offering helps market participants control their counterparty and regulatory risks through a growing range of tools that manage balance-sheet exposure, as well as compression and optimisation services. TP ICAP Classification: Public The Data & Analytics division includes the following brands: Tullett Prebon Information, PVM Data Services, ICAP Information and Burton-Taylor Consulting.

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Media Contact:

TP ICAP

Richard Newman

M: +44 (0) 7469 039 307

Richard.Newman@tpicap.com

Maitland

H Advisers/Maitland

M: +44 207 379 5151

tpicap-maitland@maitland.co.uk

14th March 2023 – London

Parameta Solutions, the leading provider of OTC indicative and trade data, and Numerix, the global leading OTC analytics and derivatives pricing company, have today announced a new partnership to develop automated, high quality, independent, fair valuations of OTC derivatives to market participants.

With the ability to use Parameta’s market leading OTC data alongside Numerix’s advanced analytical capabilities, this partnership promises to provide a cost efficient, differentiated offering to a high growth sector. With mounting regulatory requirements linked to accounting standards, and an increasing requirement for greater model transparency and transaction substantiation, data reliability and transparency are more important than ever. The introduction of FRTB has reinforced the need for banks to have access to high quality data in order to accurately mark their OTC positions.

The two firms are working together to develop a solution to provide a more effective way of valuing OTC derivatives. The collaboration follows the Bank for International Settlements recent data showing that the notional value of outstanding OTC derivatives rose to a record high of $632 billion last year.

Commenting on the agreement, Ovie Koloko, Chief Product Officer said: “As the regulatory requirements for third party outsourcing, transparency, and risk factor liquidity have increased, the challenge of obtaining accurate and up-to-date valuation services has become more difficult. Simultaneously, technological changes are forcing financial institutions to reconsider their existing architecture and the data sources driving critical applications. By working together with Numerix, we believe that we can offer a truly unique solution to an issue that has only become more pronounced as financial institutions make greater use of OTC derivatives.”

“Transparency is a key factor in the growth of OTC markets.  It is essential to have transparency in data, models, and their calibration to ensure confidence while trading these products,” emphasized Steven O’Hanlon, the President and Chief Executive Officer of Numerix.  “By combining Parameta’s extensive and diverse data with Numerix’s cutting-edge pricing models and advanced analytics solutions, we can build greater trust in this segment of the capital markets.”

About Parameta Solutions

Parameta Solutions is the Data & Analytics division of TP ICAP Group. 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 post-trade solutions offering helps market participants control their counterparty and regulatory risks through a growing range of tools that manage balance-sheet exposure, as well as compression and optimisation services. TP ICAP Classification: Public The Data & Analytics division includes the following brands: Tullett Prebon Information, PVM Data Services, ICAP Information and Burton-Taylor Consulting.

About Numerix

Numerix (www.numerix.com) is the leading provider of innovative capital markets technology solutions and real-time intelligence applications for trading and risk management. Numerix is dedicated to driving a more open, fintech-oriented, digital financial services market. Built upon a 20+ year analytical foundation of deep practical knowledge, experience and IT understanding, Numerix is uniquely positioned in the financial services ecosystem to help its users reimagine operations, modernize business processes and capture profitability. - See more at: https://www.numerix.com/press-release/numerix-appoints-steve-delorenzo-chief-financial-officer#sthash.qbL1RBzB.dpuf

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Media Contact:

TP ICAP

Richard Newman

M: +44 (0) 7469 039 307

Richard.Newman@tpicap.com

Maitland

H Advisers/Maitland

M: +44 207 379 5151

tpicap-maitland@maitland.co.uk

8 December 2022 – London:

ICAP, part of TP ICAP group, a leading provider of market infrastructure, is pleased to announce that it raised £4.4 million on its 30th annual global Charity Day, held yesterday.

ICAP’s 30th Charity Day opened with a video message from The Prince of Wales, in his role as Patron of The Passage – one of the charities supported this year.

A host of stars, including Ant and Dec, Simon Cowell, Holly Willoughby and Rachel Riley attended ICAP Charity Day in London on Wednesday. The global event took place across ICAP’s 27 offices worldwide, with 100% of ICAP’s revenues and 100% of its brokers’ commissions donated directly to charitable causes.

Nicolas Breteau, Group Chief Executive Officer, TP ICAP, said:

“I am delighted that this year’s ICAP Charity Day raised £4.4 million, bringing the total amount raised to £160 million since the first Charity Day in 1993. The fantastic amount raised by our landmark 30th annual Charity Day will make a significant difference to many amazing causes and initiatives around the world.

“I would like to thank His Royal Highness The Prince of Wales for his support, and our brokers, clients, charity partners and their celebrity ambassadors for their commitment and dedication to ICAP Charity Day, all of which makes this iconic event so special.”

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Media Contact:

TP ICAP

Richard Newman

M: +44 (0) 7469 039 307

Richard.Newman@tpicap.com

Maitland

H Advisers/Maitland

M: +44 207 379 5151

tpicap-maitland@maitland.co.uk

5 December 2022 – London:

ICAP, part of TP ICAP group, a leading provider of market infrastructure, is pleased to announce that its 30th annual global Charity Day will be held on Wednesday 7 December. 

Each year, ICAP Charity Day raises money for charities across the globe, with 100% of the ICAP’s revenues and 100% of its brokers’ commissions generated on the day donated to a variety of causes. Last year more than 100 different charitable organisations worldwide benefited.

Since it began in 1993, ICAP Charity Day has raised more than £155 million and has made over 2,800 donations in support of more than 1,700 charities worldwide. Donations have been made in 25 countries, with medicine, education, and relief from poverty being the most supported causes. Children and young people have been the most supported group, followed by people with ill health or social disadvantage.

In the UK, 30 charitable organisations are set to benefit this year. They will be joined by their celebrity patrons and ambassadors at ICAP’s offices in London, where they will help brokers close deals with clients.

Ant and Dec, on behalf of The Prince’s Trust; Gaby Roslin on behalf of Alzheimer’s Research UK; Keith Lemon, representing Shooting Star Children’s Hospices; and David Haye on behalf of Prostate Cancer UK are among the distinguished celebrity ambassadors who will be attending ICAP Charity Day in London this year.

Nicolas Breteau, Group Chief Executive Officer, TP ICAP, said: 

“Given that this is the landmark 30th year of ICAP Charity Day, we are delighted to be supporting thirty charities in the UK, and many more across the globe. We know the charitable sector continues to face significant funding challenges; our hope is that the money we raise will help these wonderful causes continue with their invaluable work.

“For our part, we love ICAP Charity Day. Thanks to our brokers, our clients, our vendors and our charity partners, it has developed into an iconic event that has directly benefitted millions of people worldwide – which is a source of great pleasure and pride to everyone in our firm.”

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Media Contact:

TP ICAP

Richard Newman

M: +44 (0) 7469 039 307

Richard.Newman@tpicap.com

Maitland

H Advisers/Maitland

M: +44 207 379 5151

tpicap-maitland@maitland.co.uk