Parameta Solutions, the data and analytics division of TP ICAP Group, and Intercontinental Exchange, Inc. (NYSE: ICE), one of the world’s leading providers of financial market technology and data powering global financial markets, have announced an expanded agreement to distribute Parameta’s global over-the-counter (OTC) market data through the ICE Consolidated Feed.

Much of the world’s trading activity takes place over the counter (OTC), where transactions are negotiated directly between counterparties, and transparency into pricing and liquidity can be limited.

The expanded relationship allows ICE to offer Parameta’s differentiated OTC market data across asset classes including linear and non-linear rates, inflation, fixed income, credit, FX, FX options, money markets and energy. Sourced from the world’s largest interdealer broker, including leading brokerage brands ICAP, Tullett Prebon and PVM, the data enhances visibility into OTC markets alongside the exchange-traded data already available through ICE’s consolidated feed.

The ICE Consolidated Feed aggregates content from 600+ data streams in a normalized format. Used by banks, asset managers, hedge funds, ISVs and redistributors, the ICE Consolidated Feed delivers a broad range of global information with multi-asset coverage, including equities, derivatives, fixed income, foreign exchange, money markets, commodities, energy and ETFs.

ICE clients can seamlessly access streaming pricing and market intelligence through a single, normalised data feed, providing a more complete view of market activity and price formation. Parameta’s data is delivered through existing workflows, reducing integration complexity to help enable more informed trading decisions.

“Many firms want a clearer and more complete view of markets beyond the exchanges, but without adding complexity to their data infrastructure,” said Lisa Ward, Head of Channel Distribution at Parameta Solutions. “By combining the depth of liquidity and market expertise within TP ICAP Group with ICE’s global distribution capabilities, we are making hard-to-source OTC market data more accessible, usable and actionable. Alongside ICE’s exchange-traded data, this provides a more holistic view of market activity and supports clients in making better-informed trading decisions.”

The expanded distribution relationship reinforces both companies’ commitment to improving market transparency and providing clients with flexible access to high-quality market data across both OTC and exchange-traded markets.

Source: Parameta Solutions