Parameta Solutions, the Data & Analytics division of TP ICAP, has announced it will be making its over-the-counter (OTC) data available through the ZE PowerGroup’s data management and analytics platform. The partnership provides market participants with comprehensive risk and pricing solutions for energy and commodities.

ZE PowerGroup’s platform enables advanced analytics and data visualisation that once applied to Parameta’s scare OTC data, presents a compelling tool which can enable firms to better understand market trends and identify pricing opportunities. The partnership will also enable clients to automate pricing processes and reduce the risk of human error.

“Global events mean there is an increased need for energy and commodity trading firms to manage their counterparty credit risk in the OTC market,” said Jonathan Cooper, Chief Revenue Officer for Parameta Solutions. “The combined force of our data analytics and ZE’s integration capabilities means clients  can now extract greater value from our independent energy pricing data, which truly reflects OTC market conditions.”

“We are excited to partner with Parameta Solutions to provide additional commodities pricing solutions and enhanced services to our customers, and this partnership enables us to further deliver on this goal,” said ZE PowerGroup, Chief Business Officer, Aiman El-Ramly.  “ZE PowerGroup and Parameta Solutions are customer-focused, both with the mission to provide the best digital and pricing solutions to our commodities clients.  We are excited to continue growing this partnership into the future.”

Source: Parameta