Parameta Solutions looks to APAC growth, after OTC data launch with UOB

Parameta Solutions on Tuesday said the launch of a trading analytics platform in collaboration with United Overseas Bank (UOB) brings transparency to institutional OTC markets across multiple asset classes, including fixed income, foreign exchange and rates.

The cloud-based platform enables UOB to deliver transaction cost analysis and trading insights while supporting oversight and reporting across covered markets.

“Our shared vision of leveraging technology and data to enhance financial decision making has resulted in a platform that stands at the forefront of trading analytics," Rhys Spencer, head of APAC at Parameta Solutions said in a statement. "It marks an important milestone in Parameta’s evolution into a solutions-oriented data company, and we look forward to extending these capabilities into additional markets across APAC.”

The tool combines Parameta’s independently sourced OTC market data and secure, cloud-based infrastructure designed for institutional use. The advanced analytics capabilities are powered by Numerix financial libraries.

“Through collaboration, Parameta has provided effective and cost efficient tools for the bank to perform transaction cost analysis across several asset classes and products,” Quek Kin, market risk and product control manager at UOB Group said in a statement.

Parameta last month collaborated with Netdania and OANDA to provide clients with deeper liquidity visibility, broader currency pair coverage, and more resilient composite foreign exchange pricing across global markets.

Parameta Solutions and Marex launched in March a joint oil and freight pricing data service that links commodity benchmarks with shipping costs to help traders assess the economics of moving crude and refined products across global routes.