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.

                                                                                             ENDS

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

Primary Responsibilities 

The primary responsibility of the Senior Independent Director is to provide a sounding board for the Chair and serve as an intermediary for the other directors and shareholders.

Responsibilities 

Shareholders

1. Keeping up to date with shareholder issues and sentiment and gaining a balanced understanding of their concerns.

2. Being available to meet with major shareholders as required.

3. Discussing with shareholders any concerns they have been unable to resolve through the normal channels of the Chair, Chief Executive Officer or Chief Financial Officer, or for which such contact is inappropriate.

4. Ensuring that such concerns are communicated to and understood by the Board.

Board

5. Developing a strong working relationship with Executive and Non-executive Directors.

6. Being available to and acting as an intermediary for other Directors in order to address concerns that cannot be raised through the normal channels.

7. Acting as a principal point of contact for communications with the Non-executive Directors and leading discussions without the presence of the Chair where required.

Chair

8. Providing a sounding board for the Chair and providing advice to the Chair on any Board related matters.

9. Leading the annual performance evaluation of the Chair and providing feedback to the Chair.

10. Chairing the Nominations & Governance Committee when it is considering succession to the role of Chair of the Board.

Please note that the Interest Rate Derivatives (IOIR) segment of ICAP UK OTF Rate Card has been updated effective 1st of April. For more information please visit the ICAP UK OTF Venue Page.

Capitalised terms used in this Market Notice shall have the meaning ascribed to them in the ICAP UK OTF Rulebook.

Please direct any questions regarding this Market Notice to:

Email: tpsotfoperator@tpicap.com

Post: TP ICAP Broking Limited, 135 Bishopsgate, London EC2M 3TP, United Kingdom.

TP ICAP EU MTF - RATE CARD UPDATE

RATE CARD UPDATED WITH EFFECT FROM APRIL, 1st 2023. FOR MORE INFORMATION PLEASE VISIT WEBSITE:

TP ICAP EU MTF Venue Page

Capitalised terms used in this Market Notice shall have the meaning ascribed to them In the TP ICAP EU MTF Rulebook.

Please direct any questions regarding this Market Notice to:

Email:

TP ICAP EU MTF

Post:

TP ICAP (Europe) S.A.,
42 rue Washington
75008,  
Paris, France