Parameta Solutions Partners for Consensus Pricing Solution
Posted by Colin Lambert. Last updated: August 10, 2022
Parameta Solutions, the data and analytics division of TP Icap, has unveiled a partnership with PeerNova, a Silicon Valley data and analytics company, to launch what it terms a “new, enhanced consensus pricing solution”.
The new solution, ClearConsensus, is available to TP Icap’s client base globally and has been developed with the input of some of the world’s largest investment banks, the firm says, adding it “brings a new approach to risk and regulatory capital management [by] directly address[ing] some of the growing pressures faced by clients with regards to transparency and governance.”
The solution leverages Parameta’s observable transaction data in its evaluated pricing service, which is then integrated into PeerNova’s technology to provide users with an efficient consensus process that the firm says is accurate and robust. It adds the collaboration enables clients to improve the quality of their fair value assessments, leading to more efficient capital allocation and optimisation.
“At Parameta, our focus is always on leveraging our data and network to provide products that cater directly to our clients’ needs, ClearConsensus does exactly that,” says Eric Sinclair, CEO of Parameta Solutions. “By working so closely with the industry and partnering with PeerNova, a market leader, we are providing clients with an effective, robust and transparent solution that cannot be found anywhere else in the market. ClearConsensus provides banks and other market participants with crucial information underpinned by transactional data, that will enable them make better decisions with regards to capital allocation.”
Gangesh Ganesan, founder and CEO of PeerNova, adds, “As a leading provider of unique OTC content, with a global footprint in the derivatives market, Parameta Solutions will bring significant expertise when it comes to meeting regulatory requirements and enriching client data. Coupled with PeerNova’s data and analytics capabilities, our solution is uniquely positioned to improve the overall consensus process, helping clients better plan for the future.”