Best Market Data Provider (Broker): Tullett Prebon Information

This winning streak shows that TPI, which is in the middle of acquiring ICAP in a deal expected to be completed later this year, is succeeding with its information arm by continuing to innovate and expanding data services for its supportive customer base.

Following the brokerage firm’s 2014 acquisition of PVM Oil Associates, TPI has developed new information services related to energy and commodities. “We’ve seen a lot of interest in the oil and energy sector and that has probably been fuelled by volatility in the global oil markets generally,” says Frank Desmond, CEO, TPI. This sector is also likely to be of interest to some of TPI’s recent client wins, with the introduction of a sales presence in Dubai and the addition of new clients in the Middle East.

For clients across all regions, TPI has seen increased interest in data for use in risk environments. Desmond says: “Many institutions are having to source complex over-the-counter data, which we generate, in relation to meeting challenges posed by Basel III. For example, in relation to the calculation of regulatory capital in connection with the Fundamental Review of the Trading Book regulation and related credit valuation adjustments and liquidity valuations.” Changing regulatory requirements are also resulting in TPI serving more buy-side clients. The shift in demand, explains Desmond, is caused in part by risk regulation, pushing buy-side firms to source data independently instead of relying on banking counterparts.

TPI’s next step is big data—a theme relevant not just to its customers, but to the brokerage firm itself, which is on the verge of becoming an industry giant following the completion of the ICAP transaction.