Trading

TP ICAP continues to mull data unit listing as Parameta jumps 9%

City broker says IPO could hit US, but there is ‘no certainty’ about location

TP ICAP continues to mull data unit listing as Parameta jumps 9%
Photo: Zula Rabikowska/Getty Images

TP ICAP is continuing to mull a potential listing for its data business on the back of another strong set of results for the unit.

Parameta Solutions, the City broker’s over-the-counter data business, grew 9% in the third quarter, according to a trading update on 5 October.

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