TP ICAP’s Parameta Solutions launches post-trade analytics platform

New platform offers trading cost analysis and best execution in corporate, agency, government and supranational bonds to both the buy- and sell-side.

TP ICAP’s data and analytics division, Parameta Solutions, has launched a post-trade analytics platform aimed at improving execution across the street.

Named Trading Analytics, the new platform allows the buy- and sell-side to monitor and improve execution prices in the bonds market.

Its current remit covers corporate, agency, government, and supranational bonds; however, Parameta confirmed this could be extended into further asset classes in the future.

Trading Analytics allows users to upload their historic transaction data to a web portal and then provides a no-code front-end capability for clients to schedule the delivery of trading analysis.

This analysis is based on aggregated market data by Parameta Solutions including proprietary evaluated pricing, as well as trade, quote, and indicative pricing directly from the respective Tullett Prebon and ICAP brokerages.

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

The launch follows the news that Parameta Solutions would also be rolling out an FX pricing data solution, shortly after launching a similar tool for the bond markets, in September.

As with today’s launch, the FX Evaluated Pricing (FEP) solution aimed to allow FX traders to make more timely and accurate price discovery and risk focused decisions.