Parameta Solutions launches FX Evaluated Pricing solution
Parameta Solutions, which is the flagship brand of TP ICAP’s Data & Analytics division, has announced the launch of its new FX Evaluated Pricing (FEP) solution.
This new solution is expected to help businesses with better price discovery, risk management and would also help the companies to make accurate and timely decisions around these. For now, the solution is planned to cover only the G10 currencies along with FX Options as well. It is reported that the company would be looking to expand the total instruments in this solution in a time-bound manner depending on the needs of its clients.
“The new FEP solution follows the launch of the Bond Evaluated Pricing in June 2020 and is built using the same principles: data quality, consistency, and transparency. As the leading provider of OTC market data globally, we are uniquely placed to compile, analyze and present complex derivatives data – even in less liquid markets. Highly detailed transparency enables clients to access observable pricing in the FX markets, which is critical for price discovery and valuation of portfolios. The input granularity is useful for traders and portfolio managers and will allow them to make more confident trading and risk-related decisions. The transparency fields help clients meet reporting obligations for regulations such as IFRS 13, ASC 820, Prudential Valuation, FRTB, and relevant local directives. ” says Irina Orlova, Senior Product Manager at Parameta Solutions.
The company specializes in providing OTC content and data along with risk management, benchmarking, and pre and post-trade analytics. Indicative marks are generated by broking partners at TP ICAP and this is enriched using the proprietary technology of the platform and this then undergoes some very strict quality control procedures from the internal staff of the company before the dataset is released. This ensures that the data that the clients receive are of the highest quality and can be relied upon for making important business decisions. All the timely market information are taken into account while doing this pricing and pricing is provided hourly and bid and ask are also provided where available. This in turn provides the clients with observable pricing and also a choice of connection with many businesses choosing to have it on the cloud nowadays so that the cost is cheaper and the access is also easy and quick.