TP ICAP Partners with Credit Benchmark to Provide Credit Proxy Solution
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TP ICAP Partners with Credit Benchmark to Provide Credit Proxy Solution
TP ICAP, the largest interdealer broker in the world, announced today that its Data & Analytics (D&A) unit has formed a new partnership with Credit Benchmark, an analytics company.
Credit Benchmark is currently the largest single source of credit data for both rated and un-rated entities. The financial data company serves as an alternative source of credit risk and scores around 22,000 counterparties throughout the world.
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As a result of the partnership, TP ICAP D&A will create a credit proxy solution. This will combine market pricing with Credit Benchmark ratings. This will give ... (read more)
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