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

1 December 2022 – London:

TP ICAP, a world leading provider of market infrastructure, announces that Fusion Digital Assets – its wholesale marketplace for spot cryptoassets – has successfully registered as a cryptoasset exchange provider with the UK’s Financial Conduct Authority (FCA).

The innovative trading venue, which is for institutional market participants only, will be operated by Tullett Prebon (Europe) Limited. The platform combines three integrated elements:

• Fusion, TP ICAP’s proprietary award-winning OTC electronic platform, providing clients with a non-custodial cryptoasset exchange for order matching and trade execution;
• Fidelity Digital AssetsSM, an industry-leading custodian, providing independent safe keeping of clients’ inventories and settlement services through a segregated model; and
• Diversified Liquidity, anonymously aggregating streaming liquidity from the world’s leading market makers and uncorrelated liquidity from across TP ICAPs global client base.   

The platform therefore combines TP ICAP’s established expertise in operating venues and organising execution, with Fidelity Digital AssetsSM institutional-grade custodial capabilities, and liquidity from proven market makers. In addition, Fusion Digital Assets will leverage the extensive distribution capabilities of the TP ICAP Group.

Duncan Trenholme, Co-Head of Digital Assets at TP ICAP Group, said: “Despite growing demand from our traditional client base, until now the wholesale digital assets market has lacked the credible infrastructure and assurance necessary for them to allocate capital. Fusion Digital Assets addresses this need. Its distinct attributes – namely a segregated model, TP ICAP’s track record of operating venues, and our means to distribute – are well recognised and trusted by institutional market participants.

“Over time, we believe blockchain will lead to the tokenisation of traditional asset classes. This will result in a more efficient, automated, and risk-mitigated trading and settlement process for financial markets. Fusion Digital Assets positions us well to grasp the opportunities that this change will bring.”

Fusion Digital Assets remains committed to supporting a multi-custody model. The team is working closely with several custodians to provide segregated interoperable custody services to TP ICAP’s client base. These custodians are scheduled to come online over the coming years, in line with client demand and prioritisation.

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Notes to Editor

• The registration of the UK-based platform builds on TP ICAP’s growing footprint in the digital assets space.
• Since 2019, TP ICAP’s Digital Assets team, co-headed by Duncan Trenholme and Simon Forster, has been providing price discovery and execution services across a range of cryptoassets.
• The team also covers a range of cryptoasset Exchange Traded Funds (ETFs) and Exchange Traded Commodities (ETCs). Cryptoasset Over-The-Counter (OTC) derivatives are expected to follow in the coming months. 
• TP ICAP Digital Assets operates globally from London, New York, Hong Kong and Singapore.
• For more information on Fusion Digital Assets contact: fusiondigitalassets@tpicap.com

About TP ICAP Group plc

• TP ICAP connects buyers and sellers in global financial, energy and commodities markets.
• It is the world's leading 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 more than 60 offices across 27 countries, supporting brokers with award-winning and market-leading technology.

About Fidelity Digital Assets℠ 

• Fidelity Digital Assets℠ is a subsidiary of Fidelity Investments, dedicated to building products and services that help institutions adopt digital assets.
• The business offers a full-service enterprise-grade platform for securing, trading and supporting digital assets.
• Established in 2018, Fidelity Digital Assets combines the operational and technical capabilities one of the world’s largest and most diversified financial services providers with deep and dedicated blockchain expertise to deliver a differentiated offering for institutional investors.
• Learn more at www.fidelitydigitalassets.com. 

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