Parameta
Solutions rolled out a real-time pricing service for over-the-counter oil
markets today (Tuesday), aiming to give traders and developers quicker access
to data that's typically scattered across different brokers.
Parameta Solutions
Launches Real-Time OTC Oil Pricing Service
The service
pulls live prices from PVM and ICAP, two of the world's largest oil brokers,
with data from TP set to be added later this month. Parameta, which is the data
and analytics arm of TP ICAP Group, says the move makes it the only provider
aggregating real-time pricing from three major oil brokers under one roof.
Most
physical and forward oil trading happens over the counter rather than on
exchanges, which means pricing information tends to be fragmented and less
visible than in exchange
Exchange
An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv
An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv
Read this Term-traded markets. The new offering is designed to give
market participants a clearer, faster view of where prices actually stand.
“In
fast-moving markets, real-time data isn't a luxury, it's a necessity. We built
this service to help clients move faster and make better decisions – powered by
real-time, broker-sourced data, all in one place,” said Silvina
Aldeco-Martinez, chief executive officer at Parameta Solutions.
Coverage Spans Crude to
LPG Across Global Trading Hubs
The data
feed covers crude oil, light ends, middle distillates, fuel oil, and LPG,
sourced from more than 100 brokers working across 17-plus desks in London,
Singapore, and Dubai. Customers can access the information through multiple
channels including WebSocket, SURFIX, Marketfeed, and EMD for streaming data,
or via sFTP, S3, Azure, and Snowflake for snapshot delivery.
Parameta's
parent company has been expanding its data capabilities as competition in
electronic trading intensifies. TP ICAP recently made moves
to strengthen its position in the $12 trillion Treasury market, part of a
broader push to compete with rivals in electronic execution and market data.
The pricing
service is also available through Fusion Insights, TP ICAP's data platform that
combines market intelligence with visualization tools. That integration lets
users track trends and monitor volatility
Volatility
In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad
In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad
Read this Term without jumping between different
systems.
Regulatory Approval
Supports Expansion
Parameta
Solutions received
regulatory approval from the European Securities and Markets Authority in
2023 to administer benchmarks, which could support future product development
in the data space. The company operates as the exclusive provider of TP ICAP
market data.
The launch
comes as TP ICAP reported revenue and profit gains in the first half of the
year, which prompted the firm to
announce a new $30 million share buyback program. The data division has
been a focus area as the company works to diversify revenue beyond traditional
voice broking.
“This
launch marks a major step forward in bringing greater transparency to the OTC
oil markets – something the industry has long needed,” said Andrew
Polydor, chairman of energy and commodities at TP ICAP. “By leveraging the
deep expertise of our brokers and the scale of our global energy business,
we're helping market participants access real-time, trusted pricing that
reflects true market activity.”
The service
targets trading platform developers, quantitative analysts, data scientists,
and risk managers who need faster access to pricing information that was
previously siloed within individual broking operations.
Related stories:
Parameta
Solutions rolled out a real-time pricing service for over-the-counter oil
markets today (Tuesday), aiming to give traders and developers quicker access
to data that's typically scattered across different brokers.
Parameta Solutions
Launches Real-Time OTC Oil Pricing Service
The service
pulls live prices from PVM and ICAP, two of the world's largest oil brokers,
with data from TP set to be added later this month. Parameta, which is the data
and analytics arm of TP ICAP Group, says the move makes it the only provider
aggregating real-time pricing from three major oil brokers under one roof.
Most
physical and forward oil trading happens over the counter rather than on
exchanges, which means pricing information tends to be fragmented and less
visible than in exchange
Exchange
An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv
An exchange is known as a marketplace that supports the trading of derivatives, commodities, securities, and other financial instruments.Generally, an exchange is accessible through a digital platform or sometimes at a tangible address where investors organize to perform trading. Among the chief responsibilities of an exchange would be to uphold honest and fair-trading practices. These are instrumental in making sure that the distribution of supported security rates on that exchange are effectiv
Read this Term-traded markets. The new offering is designed to give
market participants a clearer, faster view of where prices actually stand.
“In
fast-moving markets, real-time data isn't a luxury, it's a necessity. We built
this service to help clients move faster and make better decisions – powered by
real-time, broker-sourced data, all in one place,” said Silvina
Aldeco-Martinez, chief executive officer at Parameta Solutions.
Coverage Spans Crude to
LPG Across Global Trading Hubs
The data
feed covers crude oil, light ends, middle distillates, fuel oil, and LPG,
sourced from more than 100 brokers working across 17-plus desks in London,
Singapore, and Dubai. Customers can access the information through multiple
channels including WebSocket, SURFIX, Marketfeed, and EMD for streaming data,
or via sFTP, S3, Azure, and Snowflake for snapshot delivery.
Parameta's
parent company has been expanding its data capabilities as competition in
electronic trading intensifies. TP ICAP recently made moves
to strengthen its position in the $12 trillion Treasury market, part of a
broader push to compete with rivals in electronic execution and market data.
The pricing
service is also available through Fusion Insights, TP ICAP's data platform that
combines market intelligence with visualization tools. That integration lets
users track trends and monitor volatility
Volatility
In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad
In finance, volatility refers to the amount of change in the rate of a financial instrument, such as commodities, currencies, or stocks, over a given time period. Essentially, volatility describes the nature of an instrument’s fluctuation; a highly volatile security equates to large fluctuations in price, and a low volatile security equates to timid fluctuations in price. Volatility is an important statistical indicator used by financial traders to assist them in developing trading systems. Trad
Read this Term without jumping between different
systems.
Regulatory Approval
Supports Expansion
Parameta
Solutions received
regulatory approval from the European Securities and Markets Authority in
2023 to administer benchmarks, which could support future product development
in the data space. The company operates as the exclusive provider of TP ICAP
market data.
The launch
comes as TP ICAP reported revenue and profit gains in the first half of the
year, which prompted the firm to
announce a new $30 million share buyback program. The data division has
been a focus area as the company works to diversify revenue beyond traditional
voice broking.
“This
launch marks a major step forward in bringing greater transparency to the OTC
oil markets – something the industry has long needed,” said Andrew
Polydor, chairman of energy and commodities at TP ICAP. “By leveraging the
deep expertise of our brokers and the scale of our global energy business,
we're helping market participants access real-time, trusted pricing that
reflects true market activity.”
The service
targets trading platform developers, quantitative analysts, data scientists,
and risk managers who need faster access to pricing information that was
previously siloed within individual broking operations.
Related stories:
