Country for PR: United States
Contributor: PR Newswire New York
Wednesday, August 10 2022 - 20:00
AsiaNet
Parameta Solutions and PeerNova Announce Launch of ClearConsensus, a Transparent High-Fidelity Consensus Network for Independent Price Valuation
SAN JOSE, Calif., Aug. 10, 2022 /PRNewswire-Asianet/ --

Parameta Solutions, the Data & Analytics division of TP ICAP Group, and 
PeerNova(R) announced the launch of ClearConsensus(TM), a transparent 
high-fidelity consensus network for Independent Price Valuation (IPV). The 
service improves both business resilience and regulatory response by addressing 
the evolving risk environments for price valuation and control groups at banks 
globally.

"We are excited to announce our partnership with PeerNova," said Eric Sinclair, 
CEO of Parameta Solutions. "By leveraging PeerNova's technology, an agile data 
management and analytics platform, we can provide clients with deeper insights 
and a streamlined challenge process for more efficient and timely consensus. It 
is a great marriage between PeerNova's technology and Parameta Solutions' 
observable transactions data."

ClearConsensus combines Parameta Solutions' Evaluated Price (EvP) with 
PeerNova's Cuneiform(R) modern technology platform. In a first of its kind, 
ClearConsensus is directly introducing observable transactions data via the 
EvP, significantly improving the fair value waterfall process. The solution 
provides visibility and transparency, while maintaining participant anonymity 
and data privacy. Through stringent data quality checks and an automated 
challenge process that incorporates additional participant data, the final 
consensus price is enriched, accurate, and timely. Comparative, real-time 
analytics help identify market trends so clients can better optimize capital 
allocation, mitigate risk, and reduce cost of ownership. 

"We are very pleased to partner with Parameta Solutions and launch 
ClearConsensus," said Gangesh Ganesan, Founder and CEO of PeerNova. "As a 
leading provider of unique OTC content, with a global footprint in the 
derivatives market, Parameta Solutions will bring significant expertise when it 
comes to meeting regulatory requirements and enriching client data. Coupled 
with PeerNova's data and analytics capabilities, our solution is uniquely 
positioned to improve the overall consensus process, helping clients better 
plan for the future."

About Parameta Solutions:
Parameta Solutions is the Data & Analytics division of TP ICAP Group. The 
business provides clients with unbiased OTC content and proprietary data, 
in-depth insights across price discovery, risk management, benchmark and 
indices, and pre and post-trade analytics. Its post-trade solutions offering 
helps market participants control their counterparty and regulatory risks 
through a growing range of tools that manage balance-sheet exposure, as well as 
compression and optimisation services.

About PeerNova:
PeerNova's mission is to empower firms to make confident and timely decisions 
using high-quality data. PeerNova's platforms enable users to monitor data 
quality metrics, identify and resolve high-impact exceptions and outliers, and 
perform faster root-cause analysis across the enterprise and network landscapes 
in real-time.

In partnership with Parameta Solutions, the ClearConsensus(TM) solution 
establishes a mid-market high-transparency consensus view of derivative prices 
in the OTC markets. This enables market participants to optimize for risk 
capital allocation. PeerNova's Cuneiform(R) Platform provides reconciliation, 
data quality monitoring, and client onboarding that reduces manual processes 
and improves operational efficiency across complex workflows.

Founded in 2013 by entrepreneurs with deep expertise in data and financial 
infrastructure, PeerNova is a Silicon Valley technology company with sales 
offices in New York and London. For more information about PeerNova, please 
visit https://peernova.com.

SOURCE  PeerNova, Inc.; Parameta Solutions

Parameta Solutions Media Contact: Kate Evans, Aspectus Group, 
Kate.Evans@aspectusgroup.com; PeerNova Media Contact: Navid Jafari, Vice 
President, Marketing and Communications, PeerNova, Inc., navidj@peernova.com
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