TP ICAP’s Parameta Solutions Introduces Post-Trade Analytics Platform

Parameta Solutions, TP ICAP’s data and analytics division launched earlier this year​, has announced the release of its post-trade analytics platform Trading Analytics.

The new platform allows buy-side and sell-side firms to monitor, measure, document and improve achieved execution prices. Its current remit covers corporate, agency, government, and supranational bonds, with future plans to expand into further asset classes.

With the new solution, users can upload their historic transaction data to a web portal and  schedule the delivery of trading analysis, which is based on Parameta Solutions' aggregated market data. This data includes a wide coverage of evaluated pricing, trade, quote and indicative pricing directly from both Tullett Prebon and ICAP brokerages.

In addition, the platform ensures transparency by providing clients with the methodology used to generate the data, while observable pricing is available to be reported to meet MIFID II regulatory requirements, among others.

“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,”Ovie Koloko, global head of product management at Parameta Solutions said.