Tullet Prebon data unit to begin selling equity, credit analytics
The data unit of UK broker Tullet Prebon Icap is to begin distributing research and analytics on equity and credit markets in a deal signed with Valens Research. Tullett Prebon Information will sell corporate performance, credit ratings, equity valuations and coverage ratios data to investors, creditors, risk officers and analysts. The deal represents a broadening of TP Icap's services as demand for data and analytics grows.

Tullett Prebon Information (TPI) has signed a deal with Valens Research to distribute equity and credit analytics data.

The research will provide investors, creditors, risk officers and analysts with corporate performance, credit ratings, equity valuations and coverage ratios data across various industries.

Rhys Spencer, regional sales manager at TPI for Asia, explained combining the firm’s data with Valens Research equity and credit analysis can provide comprehensive uniform adjusted financial reporting standards (UAFRS).

“[TPI] can provide unique, comprehensively adjusted UAFRS financial performance and analysis data on almost 5,000 companies around the world to our global client base,” he said.

UAFRS uniform accounting rules address inconsistencies and quality issues related to corporate financial reporting.

Last month, TP ICAP - Tullett Prebon Information’s parent company - completed its first acquisition since its creation, buying market research firm Burton-Taylor International Consulting.

The deal will see TP ICAP expand its depth of data for clients and expand its services into new sectors and client bases as it address a growing demand for data and analytics.

Chief executive officer at TP ICAP, John Phizackerley, explained being successful in the data business requires “quality, independent, position-neutral content.”

Frank Desmond, chief executive officer at TP ICAP’s data and analytics division, added the acquisition further expands the firm’s data business, which already includes Tullett Prebon Information, ICAP Information Services and PVM Data Services.