TP ICAP makes data push with first buyout

TP ICAP makes data push with first buyout

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TP ICAP, the firm formed in the recent merger of Tullett Prebon and ICAP, has made its first acquisition with the addition of Burton-Taylor International Consulting to its data and analytics division.

Burton-Taylor provides data and insight across industries such as financial services, media and software. Its reports cover financial market data, risk, exchange services, media intelligence and public relations.

“This transaction further expands our global data and analytics division, which already includes Tullett Prebon Information, ICAP Information Services and PVM Data Services, covering real-time price information from the wholesale inter-dealer brokered financial markets,” said Frank Desmond, chief executive officer at TP ICAP’s data and analytics division.

With the acquisition of the Burton-Taylor assets and the introduction of the Burton-Taylor business line, TP ICAP plans to increase the depth of data it delivers to clients and expand its services into new sectors.

“We have ambitious, strategic growth plans for TP ICAP,” said John Phizackerley, chief executive officer, TP ICAP. “This transaction marks the first stage in those plans.”

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