Parameta Solutions, the data and analytics division of TP ICAP Group, has announced the availability of its over-the-counter (OTC) pricing and liquidity data on Snowflake Marketplace, providing financial institutions with direct access to critical insights for risk management and regulatory compliance.
The collaboration aims to provide financial institutions with direct and frictionless access to insights necessary for managing risk, validating pricing, and meeting regulatory demands through the Snowflake AI Data Cloud. This integration is designed to enhance workflows across liquidity risk modeling, pricing validation, and regulatory reporting by offering seamless and secure access to Parameta’s independent market data, eliminating the need for data pipelines or duplication.
Silvina Aldeco-Martinez, Chief Executive Officer at Parameta Solutions, stated that the collaboration has deepened through consistent delivery of Parameta’s OTC data to Snowflake customers. She added that joining Snowflake Marketplace represents a move towards democratizing access to high-integrity OTC data, removing barriers, accelerating insight, and assisting clients in understanding opaque markets.
Rinesh Patel, Global Head of Financial Services at Snowflake, commented on the excitement of bringing Parameta Solutions to Snowflake Marketplace. He highlighted that the collaboration enables customers to seamlessly access high-quality OTC data and analytics to power business-critical processes, including pricing strategies, risk management, and regulatory obligations, via Snowflake’s platform.
Parameta’s data offering covers a broad spectrum of global financial, energy, and commodity markets. This includes asset classes such as interest rate and inflation derivatives, foreign exchange and money markets, fixed income and credit derivatives, equity derivatives, interest rate volatility, and various energy and commodities like oil, power, coal, natural gas, environmental products, and metals.
Snowflake Marketplace is designed to expand possibilities with data and AI by offering third-party data, applications, and AI products. It facilitates on-platform purchasing and immediate access to data products, which aims to lower integration costs and streamline procurement processes for its users.
