Parameta Solutions Launches FX Evaluated Price Solution

TP Icap’s Parameta Solutions has unveiled an FX evaluated price solution that delivers, according to a post by the firm, “transparent and observable prices for FX derivatives securities globally, using a proprietary model to give frequent and transparent indications”.

Parameta Solutions adds the new solution enables price discovery, valuation of portfolios and help meet regulatory reporting requirements. “As one of the world’s largest OTC liquidity providers, we believe that we are uniquely placed to deliver such a solution,” the firm states in a post, presumably leaning upon its parent firm in providing such a description of its business. “The granularity of the curve, that includes non-standard tenors, and the transparency fields we make available through lour service, support our clients’ needs to meet their regulatory requirements.”

The solution covers G10 and emerging market currency pairs, including FX forward instruments as well as volatility surfaces.