Parameta Solutions, the Data & Analytics division of TP ICAP Group, and PeerNova ® announced the launch of ClearConsensus™, a transparent, high-fidelity consensus network for independent valuation of prices (IPV). The service improves business resiliency and regulatory response by addressing the evolving risk environments for pricing and control groups at banks around the world.
“We are delighted to announce our partnership with PeerNova,” said Eric Sinclair , CEO of Parameta Solutions. “By leveraging PeerNova’s technology, an agile data management and analytics platform, we are able to offer clients deeper insight and a streamlined dispute process for more efficient and timely consensus. It’s a great marriage between PeerNova’s technology PeerNova and observable transaction data from Parameta Solutions.”
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ClearConsensus combines the Evaluated Price (EvP) of Parameta Solutions with the modern technology platform Cuneiform ®by PeerNova. The first of its kind, ClearConsensus directly inputs observable transaction data through Assessed Pricing (EvP), significantly improving the fair value waterfall process. The solution offers visibility and transparency, while maintaining participant anonymity and data privacy. Thanks to strict data quality controls and an automated dispute process that incorporates additional participant data, the final consensus price is rich, accurate and timely. Real-time benchmarking helps identify market trends so clients can better optimize capital allocation, mitigate risk and reduce cost of ownership.
“We are very pleased to partner with Parameta Solutions and launch ClearConsensus,” said Gangesh Ganesan , Founder and CEO of PeerNova. “As a leading provider of unique OTC content, with a global presence in the derivatives market, Parameta Solutions will bring significant expertise in meeting regulatory requirements and enriching client data. Along with data and analytics capabilities From PeerNova, our solution is uniquely positioned to improve the overall consensus process, helping customers better plan for the future.”
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