About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

Parameta Solutions Gains Dual Authorisation as an ESMA-Approved Benchmark Administrator

Subscribe to our newsletter

Parameta Solutions, the global provider of over-the-counter (OTC) market data and a subsidiary of TP-ICAP, the world’s largest interdealer broker, has received approval as an ESMA-authorised benchmark administrator. This development establishes Parameta Solutions as the first data provider to administer OTC benchmarks and indices across Europe and the UK, positioning the company to deliver high governance standards within the EU.

This milestone follows the FCA’s decision in May 2022 to authorise Parameta Solutions as a UK benchmark administrator.

Benchmarks have come under increased regulatory scrutiny of late. As a result of Brexit, all UK benchmark administrators must obtain EU benchmark approval by 31 December 2023 to operate within the EU. By securing dual authorisation ahead of the deadline, Parameta Solutions ensures robust governance standards are in place, enabling them to continuously support and create benchmarks for clients across Europe.

Rushmi Katyal, Chief Governance, Risk and Controls Officer at Parameta, commented on the achievement, saying: “Our recognition as a benchmark administrator will enable us to provide the highest possible governance standards within the EU. Working in conjunction with the regulators, we have established a consistent foundation for compliance, which will provide our clients with additional peace of mind when using our benchmarks.”

Anand Venkataraman, Head of the Benchmark and Indices Product Team at Parameta Solutions, emphasised the importance of this approval in the current regulatory climate, adding: “Post Brexit, clients are increasingly looking to benchmarks to enhance their risk management processes. By being approved early in the benchmark transition period, our clients can rest assured that we are fully compliant and transparent.”

Subscribe to our newsletter

Related content


Upcoming Webinar: Market Data in the Cloud: Fuelling the next generation of data delivery solutions

Date: 6 June 2023 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Moving market data and infrastructure to the cloud has accelerated in recent years as financial firms have acknowledged the benefits of data accessibility, scalability, efficiency and the possibility of reducing sometimes sky-high costs of sourcing and managing the data....


TS Imagine Introduces TS One: A Unified Solution for Cross-Asset Class Investment Management

TS Imagine, the global provider of cross-asset trading, portfolio, and risk management solutions for financial institutions formed following the merger of TradingScreen and Imagine Software in May 2021, has launched a new product, TS One. This new, cross-asset class, SaaS-based solution is designed for investment teams looking for a comprehensive platform offering global market access,...


ESG Data & Tech Summit London

The ESG Data & Tech Summit will explore challenges around assembling and evaluating ESG data for reporting and the impact of regulatory measures and industry collaboration on transparency and standardisation efforts. Expert speakers will address how the evolving market infrastructure is developing and the role of new technologies and alternative data in improving insight and filling data gaps.


ESG Handbook 2023

The ESG Handbook 2023 edition is the essential guide to everything you need to know about ESG and how to manage requirements if you work in financial data and technology. Download your free copy to understand: What ESG Covers: The scope and definition of ESG Regulations: The evolution of global regulations, especially in the UK...