Parameta Solutions, the TP ICAP Group’s data and analysis department, announced today the launch of a new SWAP EUR & USD interest rate indicator family based on ICAP’s market top data offices.
These indicators represent the middle interest rate interest rate on multiple tenors, providing a transparent new reliable reference point for market participants.
This launch marks a bold extension to the Parameta Solutions franchise, which already covers interest rates, inflation and energy and goods. The goal is to provide independent and transparent reference points and indicators that investors and asset administrators can trust financial products, performance measurement or risk management.
The development of these exchange rate indicators follows the pervasive demand by market participants for high -integration points in the OTC market. Parameta Solutions has been licensed to these indicators in Societe Generale who will use them on structured products for the French market.
Silvina Aldco-Martinez, CEO of Parameta Solutions, commented:
“Transparency is the cornerstone of healthy purchases.
Laurent Besnainou, head of global market sales for France at Société Générale, commented:
“We are pleased to work with Parameta Solutions to be the first publisher for the permission of this family exchange rates family. Structured interest rates have increased strongly for almost three years, benefiting from the new form of long -term interest rates.