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

“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.

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 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.