Paramata Solutons Becomes FCA-Authorised Benchmark Administrator

Parameta Solutions, the Data & Analytics division of TP ICAP, has become the first FCA- authorised interdealer-broker to administer OTC benchmarks and indices. The company also takes over administration of the nine TP ICAP mid-price interest rate swaps benchmarks that were previously administered by Moorgate Benchmarks Ltd.

As a benchmark administrator, Parameta will look to create future benchmarks & indices, specifically focused on the ESG and rates space, aiming to increase transparency for clients, and to help them accurately compare their performance against asset allocation strategies.