TP ICAP’s Parameta launches consensus network for Independent Price Valuation (IPV)

Rick Steves

“It is a great marriage between PeerNova’s technology and Parameta Solutions’ observable transactions data.”

TP ICAP Group’s OTC market data subsidiary Parameta Solutions has partnered with data analytics firm PeerNova to launch a consensus pricing service, ClearConsensus.

ClearConsensus is a transparent high-fidelity consensus network for Independent Price Valuation (IPV) that improves both business resilience and regulatory response by addressing the evolving risk environments for price valuation and control groups at banks globally.

The consensus pricing service combines Parameta Solutions’ Evaluated Price (EvP) with PeerNova’s Cuneiform platform to deliver observable transactions data via the EvP, significantly improving the fair value waterfall process, while maintaining participant anonymity and data privacy.

Final consensus price is enriched, accurate, timely

Through stringent data quality checks and an automated challenge process that incorporates additional participant data, the final consensus price is enriched, accurate, and timely. Comparative, real-time analytics help identify market trends so clients can better optimize capital allocation, mitigate risk, and reduce cost of ownership.

Eric Sinclair, Chief Executive Officer of Parameta Solutions, said: “We are excited to announce our partnership with PeerNova. By leveraging PeerNova’s technology, an agile data management and analytics platform, we can provide clients with deeper insights and a streamlined challenge process for more efficient and timely consensus. It is a great marriage between PeerNova’s technology and Parameta Solutions’ observable transactions data.”

Gangesh Ganesan, Founder and CEO of PeerNova, commented: “We are very pleased to partner with Parameta Solutions and launch ClearConsensus. 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. ”

Parameta added SURFIX feed to BT Radianza Cloud

Parameta Solutions has recently announced that BT Radianz Cloud is now carrying SURFIX feed, a service that enables customers to receive all TP ICAP market data in real time via a single, consolidated API feed rather than through multiple different feeds.

The data encompasses the Tullet Prebon, ICAP and PVM brands and includes data sets covering Rates, FX, Money Markets, Energy & Commodities and other high quality, scarce market data.

Brokers, institutions, exchanges and clearing and settlement houses leverage the Radianz Cloud to access thousands of applications and services to run their operations.

Parameta’s SURFIX is now available for community members, who can easily consume the consolidated TP ICAP market data feed, with 24/7 Radianz support.

Read this next

Digital Assets

Revolut receives FCA’s go-ahead to launch crypto trading

British fintech and banking firm Revolut has received a regulatory go-ahead to launch its cryptocurrency services in the UK.

Digital Assets

GBTC share is trading at 36% below bitcoin spot price

Grayscale Bitcoin Trust share has widened its discount relative to the underlying cryptocurrency held in the fund, the highest margin ever since its debut in 2013. Digital Currency Group’s flagship GBTC shares traded at a discount of 35.8% to net asset value (NAV) today.

Digital Assets

Crypto lender Nexo investigated by 8 US state regulators

State securities regulators in New York, California, Kentucky, Maryland, Oklahoma, South Carolina, Washington and Vermont are investigating crypto lender Nexo for allegedly failing to register its Earn Interest Product.

Metaverse Gaming NFT

Astar Network’s ad features 329 top brands to support Web3 in Japan

Blockchain innovation hub Astar Network is making strides in promoting the Web3 adoption worldwide. In yet another milestone, the smart contracts platform has run a national newspaper ad in Japan that set a new global record with participation from 329 blue-chip firms.

Digital Assets

Pyth Network welcomes onchain data from crypto market maker Auros

“By sharing our high-frequency trading data with a truly onchain decentralized network, we aim to foster innovation that will lead to better financial solutions for all participants.”

Digital Assets

Tokeny integrates Ownera to boost liquidity of tokenized assets

“The adoption of FinP2P will result in higher liquidity and better access to capital and assets by providing regulated firms with one secure point of connection to multiple digital asset networks across the globe.”

Digital Assets

BingX launches subsidy vouchers to cover user losses in copy trading

“With the introduction of copy trade subsidy vouchers, new users can easily try out trading strategies without incurring losses.”

Digital Assets

Talos expands sales team: Frank van Zegveld, Matt Houston, Hillary Conley

“The extensive leadership and industry expertise of these new hires will enable us to build long-lasting relationships as we continue to build out our global presence in EMEA and beyond.”

Executive Moves

FX and CFD broker Emporium Capital hires industry veteran Robert Woolfe as COO

His past experience within the FX and CFD industry includes top roles at Capital Index, London Capital Group, GKFX, ETX Capital, and IG.  “I’m delighted to be part of the Emporium Capital team and spearheading the brokerages global expansion plans”, he said about the appointment.

<