Trading Analytics will initially cover bonds, with plans to expand across variety of OTC asset classes
Parameta Solutions, the flagship brand of TP ICAP’s Data & Analytics division, has announced the launch of its global post-trade analytics platform, Trading Analytics. The new offering meets increasing demand for trading cost analysis and best execution in bonds enabling both sell and buy-side firms to monitor, measure, document, and improve achieved execution prices. The platform currently covers corporate, agency, government, and supranational bonds, with plans to expand into further asset classes in the future.
The new Trading Analytics platform enables trading desks, compliance officers and portfolio managers to upload their historic transaction data to a web portal, and then, using ThoughtSpot’s intuitive and flexible visualisation tools, the platform is able to provide a no-code front end capability for clients to schedule the delivery of trading analysis, which is based on Parameta Solutions’ aggregated market data. This data includes proprietary evaluated pricing, as well as trade, quote, and indicative pricing directly from both Tullett Prebon and ICAP brokerages. This breadth of coverage means that Parameta Solutions is able to enrich the data to create valuable and truly independent insights.
To ensure transparency, Parameta Solutions provides clients with the methodology used to generate data that feeds into the Analytics Platform. Observable pricing is available to be reported to meet regulatory requirements under MiFID II and other related legislation. The transparency fields also support reporting obligations for regulations such as IFRS 13, ASC 820, Prudential Valuation and FRTB.
“To date, trade cost analysis has been largely confined to equities and other exchange-traded instruments, where centralised tapes make it easy to access the necessary data. That is changing – with regulations like MiFID II requiring best execution for fixed income, and the necessary technology now being widely accepted. Our Trading Analytics platform reflects that change,” says Ovie Koloko, Global Head of Product Management at Parameta Solutions.
Ovie continued “As the leading provider of OTC market data globally, we are ideally placed to meet the market needs to deliver powerful trade analytics for more diverse asset classes. What’s more, our clients get the confidence that comes from knowing the underlying data is independent, robust, and transparent.”