Full-Time

Senior Product Analytics Manager

Parameta Solutions

Posted on 11/22/2025

TP-ICAP

TP-ICAP

1,001-5,000 employees

Brokers OTC/futures; provides market data

No salary listed

London, UK

Hybrid

Category
Data & Analytics (2)
,
Requirements
  • Demonstrated background in financial mathematics with the ability to apply standard derivative pricing models.
  • Advanced programming proficiency in Python for data analysis, modelling, and prototyping.
  • Solid experience in building and calibrating indicative pricing models for OTC derivatives and cash instruments (e.g. interest rate swaps, FX options, credit derivatives, fixed income).
  • In-depth knowledge of OTC and cash market instruments, including market conventions, risk management, and pricing methodologies—especially in Interest Rates, FX, Credit, and Energy.
  • Ability to manipulate and extract insights from structured data formats (e.g. JSON), including rebuilding order books and analysing trade-level messages.
  • Practical experience in applying machine learning techniques to financial datasets and problems.
  • Demonstrated experience in writing technical documentation and working within Agile frameworks (e.g. Scrum or Kanban).
  • Ability to communicate technical findings clearly through presentations, reports, and discussions with non-technical stakeholders.
  • Entrepreneurial mindset with the ability to work independently in a fast-paced, commercially driven environment.
Responsibilities
  • Partner with Product Managers across various domains—OTC financial market data, Benchmarks & Indices, Risk & Regulatory Solutions, and Trading Analytics—to design and prototype data-driven products.
  • Act as a bridge between Product, Engineering, and Development teams, helping translate business requirements into technical solutions.
  • Provide actionable feedback on product feasibility, technical design, and data requirements to drive product strategy and execution.
  • Support sales and commercial teams by identifying new product opportunities, including sourcing and leveraging internal and external datasets.
  • Collaborate with TP ICAP’s Quantitative Analytics team to research and prototype models requiring deep pricing expertise.
  • Act as a “data hunter”—locating and integrating valuable data sources, including transactional and indicative data, across internal platforms and third-party systems.
  • Communicate complex quantitative and data science concepts clearly to both technical and non-technical stakeholders.
  • Serve as a subject matter expert on advanced data workflows and analytics solutions relevant to capital markets and energy/commodity sectors.
  • Stay current with industry innovations in data science, machine learning, and quantitative analytics.
Desired Qualifications
  • Familiarity with order book reconstruction from tick or transactional data across asset classes.
  • Experience working directly with sales, trading, or compliance stakeholders in a product or analytics capacity.
  • Exposure to data products hosted on cloud-based platforms (e.g. AWS, Azure, Snowflake).
  • Knowledge of real-time and historical market data processing pipelines.
  • Experience in the development of dashboards, APIs, or analytical front ends for internal or client use.
  • Understanding of regulatory use cases such as FRTB, EMIR, or MiFID II.
  • Experience collaborating with quant developers or financial engineers to industrialise prototype models.
  • Postgraduate qualification in a technical discipline such as Financial Engineering, Mathematics, Data Science, Computer Science, or Physics.
  • Manager / 6

TP ICAP acts as a broker and data provider in the energy and commodities markets. It facilitates liquidity by matching buyers and sellers for a range of trades, including over-the-counter swaps and forwards, as well as physical crude oil and refined products. It also handles exchange-traded futures for benchmarks like WTI, Brent, and Gasoil. The company earns fees and commissions for brokering trades and by providing market data and insights that help clients make informed decisions. Unlike broad-focused banks or generic data vendors, TP ICAP differentiates itself through a global footprint, deep energy market specialization, and a large, experienced team that handles substantial daily volumes (over 100 million barrels of OTC and futures activity). Its goal is to be a trusted partner that enables efficient trading and reliable market information for institutional investors, corporations, and other financial entities.

Company Size

1,001-5,000

Company Stage

IPO

Headquarters

London, United Kingdom

Founded

1971

Simplify Jobs

Simplify's Take

What believers are saying

  • Vantage Capital Markets acquisition (Q2 2026) expands equity derivatives and fixed income in APAC[5]
  • Fusion Structured Products ATS addresses $2bn+ notional volumes in institutional digital assets trading[5]
  • Neptune Networks integration creates dealer-backed full-service credit platform with nine major bank co-owners[5]

What critics are saying

  • Vantage integration execution risk delays APAC expansion and talent retention post-close threatens synergies[5]
  • Nine bank shareholders in Neptune entity demand liquidity events within 3-5 years, diluting TP ICAP stake[5]
  • Fusion Structured Products adoption depends on voluntary dealer consolidation; fragmented participation limits revenue[5]

What makes TP-ICAP unique

  • World's largest inter-dealer broker with #1 market position in energy & commodities broking[2][3]
  • Proprietary OTC pricing data from Parameta Solutions captures unique market intelligence across asset classes[1][4]
  • Fusion platform integrates voice, electronic, and hybrid broking with real-time data capture across transaction lifecycle[5]

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Benefits

Hybrid Work Options

Flexible Work Hours

Company News

Business Wire
Apr 14th, 2026
ICAPE Group transfers liquidity contract to TPICAP for share management

ICAPE Group, a global distributor of printed circuit boards and custom electronic components, has transferred its liquidity contract to TP ICAP (Europe), effective 15 April 2026 for one year with automatic renewal. The contract covers share management on Euronext Growth Paris to promote transaction liquidity and regular quotations, complying with AMF Decision No. 2021-01 and AMAFI's code of ethics. As of 14 April, ICAPE made available to TP ICAP 46,717 shares and €109,726.14 in cash, following termination of its previous contract with Gilbert Dupont. Founded in 1999, ICAPE Group operates 39 subsidiaries globally and achieved consolidated revenue of €200.3 million as of 31 December 2025.

Splash247
Apr 7th, 2026
ICAP rolls out dry FFA desk.

ICAP rolls out dry FFA desk. Broker ICAP has moved deeper into freight derivatives, launching a new global dry forward freight agreement (FFA) desk. The desk, part of TP ICAP Group, is set up across London, Copenhagen, Dubai and Singapore, giving round-the-clock coverage across the main freight trading hubs. The move comes as swings in dry bulk rates continue to draw in a broader mix of participants, from traditional shipping players to hedge funds and banks looking to hedge or trade exposure. ICAP said the desk will cover the main dry bulk segments, including capesize, panamax, supramax and handysize routes and time charter equivalents. Max Nijhawan, who heads the new unit, noted that one of the key aims is to connect physical shipping players with the growing pool of financial investors active in freight derivatives. The launch also tightens the link between ICAP's paper and physical desks, particularly in Copenhagen, where the broker already has an established presence in dry bulk cargoes. Dry freight remains one of the more volatile commodity-linked markets, driven by shifting trade flows, geopolitics, weather disruption and fleet supply. With around 80% of global trade moving by sea, the need for hedging tools has grown alongside the market.

The TRADE
Feb 12th, 2026
Etrading Software submits bid for EU OTC derivatives consolidated tape

Etrading software submits bid for EU OTC derivatives consolidated tape. The TRADE > News > Technology > TP ICAP unveils electronic ATS for US secondary market structured products trading Technology February 11, 2026 3:53 PM GMT TP ICAP unveils electronic ATS for US secondary market structured products trading. The new platform - which marks an industry first - is expected to support market participants in addressing challenges of liquidity fragmentation when trading these products. TP ICAP has launched an electronic alternative trading system for secondary market trading of US structured products, the first of its kind across the industry. The new platform - Fusion Structured Products - will provide a centralised order book, real-time RFQs, available market prices and firm offerings for issuer banks, distributors, wholesales RIAs and broker-dealers, with the aim of addressing liquidity fragmentation across the markets. Robert Romano, head of structured products, Americas, said: "Fusion Structured Products enhances the secondary market by introducing an electronic trading environment, streamlining operations for the industry and enabling market participants to access new trading opportunities. "This innovation aligns with broader market trends toward electronification and regulatory demands for transparency." Specifically, the offering is expected to support market participants in accessing market visibility, enhanced liquidity, anonymous execution and functionality within US structured products in the secondary market. The news follows further significant moves for TP ICAP in recent months, and in January 2026, the firm announced that it had entered an agreement to acquire global brokerage, Vantage Capital Markets, to bolster its positioning in equity derivatives and fixed income markets, with a key focus on those in the APAC region. Similarly, in June 2025, TP ICAP acquired Neptune Networks, in a bid to create a new dealer-to-client credit business.

TP ICAP
Feb 11th, 2026
TP ICAP Launches TP ICAP Fusion Structured Products Trading Systems - First Electronic ATS for U.S. Structured Products Secondary Market

TP ICAP launches TP ICAP Fusion Structured Products Trading Systems - first electronic ATS for U.S. Structured Products secondary market. 11 Feb 2026 NEW YORK, 11 February 2026 - TP ICAP Group has introduced TP ICAP Fusion Structured Products Trading Systems, an Alternative Trading System ("ATS") electronic secondary market trading of structured products in the United States. The platform addresses liquidity fragmentation by providing a centralized order book, real-time RFQs, available market prices and firm offerings for issuer banks, distributors, wholesalers RIAs, and broker-dealers servicing institutional clients. Fusion Structured Products delivers: * Market Visibility: Live aggregated view of RFQs for subscribers and available pricing. * Enhanced Liquidity: Multiple sources in a single electronic marketplace. * Anonymous Execution: Transact with confidentiality. * Functionality: Detailed reporting, and audit trail capabilities. Robert Romano, Head of Structured Products, Americas, commented: "Fusion Structured Products enhances the secondary market by introducing an electronic trading environment, streamlining operations for the industry and enabling market participants to access new trading opportunities. This innovation aligns with broader market trends toward electronification and regulatory demands for transparency." The full name of the Alternative Trading System is TP ICAP Fusion Structured Products Trading Systems. About TP ICAP Group plc Through our people and technology, TP ICAP connects buyers and sellers in global financial, energy, and commodities markets. We are a world-leading provider of liquidity and data solutions, with a portfolio of businesses that provide broking services, data & analytics, and market intelligence that are trusted by clients globally. We operate from more than 60 offices across 28 countries, supporting brokers with award-winning technology. www.tpicap.com

Business Wire
Jan 12th, 2026
TP ICAP to Acquire Vantage Capital Markets, Expanding Global Broking Capabilities

TP ICAP Group, a world-leading provider of market infrastructure, has agreed to acquire Vantage Capital Markets (Vantage), a global brokerage with significan...

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