Parameta Solutions, the brand of TP ICAP’s Data & Analytics division, has launched a global post-trade analytics platform, Trading Analytics. The new offering is intended to meet increasing demand for trading cost analysis (TCA) and best execution in bond markets, 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 is designed to enable 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.
To help 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.
©Markets Media Europe, 2021
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