Trading

Investors push for sale of TP ICAP’s Parameta

The sale could lead to £1.5bn in capital returns

Despite lower-than-expected returns,  TP ICAP’s stock has fared well over the past year
Despite lower-than-expected returns, TP ICAP’s stock has fared well over the past year Photo: Igor Golovniov/Getty Images

Shareholders are pressing TP ICAP to sell off its post-trade data and analytics arm Parameta.

According to Sky News, the interdealer broker’s institutional investors are moving to begin pressuring the firm’s board to explore starting a formal sale process for the business. The sale could lead to a windfall of £1.5bn in capital returns.

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