Parameta Solutions, the data & analytics division of TP ICAP, is partnering with PeerNova, to launch a new enhanced consensus pricing solution, ClearConsensus.
The company said, the new product, which will be available to TP ICAP’s global client base, has been developed with the input of some of the world’s largest investment banks.
It has been launched in partnership with PeerNova, a Silicon Valley data analytics and management company, and brings a new approach to risk and regulatory capital management.
The solution directly addresses some of the growing pressures faced by clients with regards to transparency and governance.
ClearConsensus leverages Parameta’s observable transaction data in its evaluated pricing Service.
This data is integrated into PeerNova’s market-leading technology to provide users with an efficient consensus process that is accurate and robust.
The collaboration enables clients to improve the quality of their fair value assessments, leading to more efficient capital allocation and optimisation.
“”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,” said Eric Sinclair, CEO of Parameta Solutions.
He added, “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, noted that as a provider of 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.
He added, “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. ”
