Parameta Solutions, the data & analytics division of TP ICAP Group and a global provider of OTC market data, and data analytics and management company PeerNova have launched ClearConsensus, a transparent high-fidelity consensus network for independent price valuation (IPV).
The service improves both business resilience and regulatory response by addressing the evolving risk environments for price valuation and control groups at banks globally.
ClearConsensus combines Parameta Solutions’ Evaluated Price (EvP) with PeerNova’s Cuneiform modern technology platform. ClearConsensus is directly introducing observable transactions data via the EvP, significantly improving the fair value waterfall process. The solution provides visibility and transparency, while maintaining participant anonymity and data privacy. Through stringent data quality checks and an automated challenge process that incorporates additional participant data, the final consensus price is enriched, accurate, and timely. Comparative, real-time analytics help identify market trends so clients can better optimise capital allocation, mitigate risk, and reduce cost of ownership.