Parameta Solutions, the data and analytics division of TP ICAP Group, has launched an enhanced real-time OTC oil market data service, built to give customers a faster, clearer view of global OTC oil markets.

Because most physical and forward oil trading takes place over the counter, transparency is limited, and the market remains fragmented. This new service delivers live, broker-sourced pricing from PVM and ICAP with data from TP to follow later this month, making Parameta the only provider with data from three of the world’s largest oil brokers.

“In fast-moving markets, real-time data isn’t a luxury, it’s a necessity. We built this service to help clients move faster and make better decisions - powered by real-time, broker-sourced data, all in one place,” said Silvina Aldeco-Martinez, Chief Executive Officer at Parameta Solutions in press statement.

Parameta’s real-time service was originally built to solve a long-standing challenge for OTC oil traders: fragmented, delayed, and siloed data. Trading platform developers, data scientists, quants, and risk managers can now access information via a unified, real-time view.

Parameta’s real-time oil market data delivers live, broker-sourced mid-prices covering the full barrel - spanning crude, light ends, middle distillates, fuel oil, LPG - sourced from 100+ brokers across over 17 desks in London, Singapore, and Dubai. With multiple validation layers and flexible delivery options, customers can gain instant access to trusted pricing insights through channels they already use streaming via WebSocket, SURFIX, Marketfeed, and EMD; and snapshots via sFTP, S3, Azure, and Snowflake.

This real-time data is also live within Fusion Insights, TP ICAP’s flagship data intelligence platform.