Pangea is an AI-powered FX operating system and broker marketplace built for organizations with material exposure to emerging and frontier markets. They help for-profit organizations, NGOs, and global talent firms unify currency access, FX policy, governance, and execution into one governed platform — protecting impact and margins across complex corridors.
Parameta Solutions provides multi-asset market data, indices, and analytics across OTC, cash, and derivatives to help financial institutions navigate opaque markets and make informed trading, risk, and regulatory decisions.
As Pangea scaled its FX marketplace and policy-driven risk programs, one requirement became clear: building a governed FX operating system for emerging markets requires deeper market signal, broader coverage, and more resilient infrastructure. To strengthen this foundation, Pangea partnered with Parameta Solutions.
Deep Global Coverage — Including Thin EMF Corridors
Emerging and frontier market currencies often suffer from limited transparency and fragmented liquidity. Forward curves can be thin, options markets opaque, and corridor-level pricing difficult to benchmark.
Parameta provides broad OTC FX coverage across Spot, Forward, and Options markets — including currencies where reliable data is often scarce. For Pangea, whose clients operate precisely in these markets, that coverage strengthens pricing benchmarks, forward modeling, and volatility analysis across complex corridors.
Institutional OTC Provenance — Real Interdealer Market Signal
Parameta sources its FX data from the ICAP and Tullett Prebon brokerage desks of TP ICAP, the world’s largest interdealer broker. This institutional provenance provides access to executable OTC market data rather than indicative or retail-derived pricing feeds.
In opaque EMF markets, credible benchmarks matter. By integrating institutional interdealer data into Pangea Prime, Pangea enhances its ability to benchmark forward points, assess spread behavior, and inform policy-driven hedging strategies with deeper liquidity insight.
Modern Cloud-Native Infrastructure — Faster, More Reliable Delivery
Historically, Pangea consumed FX and interest rate data via daily FTP flat files that required manual preparation before becoming production ready. As the business grew, this model introduced friction and operational risk.
Through Snowflake’s cloud data platform, Parameta now delivers direct, permissioned, zero-copy access to normalized datasets with standardized schemas and in-place corrections. This eliminates repeated redelivery cycles and significantly reduces ingestion overhead.
The result is a more resilient data backbone that supports faster corridor onboarding, cleaner integration into analytics and automation workflows, and scalable support for Pangea’s AI-driven execution strategies.
Powering a Governed FX Operating Model
Pangea is not a bank or broker. It orchestrates access across banks, brokers, and payment rails — encoding FX policy and governance directly into software. To operate responsibly in emerging and frontier markets, pricing intelligence must be systematic, credible, and scalable.
By combining Parameta’s global OTC coverage, institutional interdealer market signal, and Snowflake-enabled delivery infrastructure, Pangea strengthens the foundation behind its EMF FX operating system — supporting more transparent pricing benchmarks, disciplined hedging programs, and reliable execution across complex corridors.
This partnership reflects a shared commitment to modernizing how market data is delivered and applied within real-world operating models.
Parameta Solutions delivers independent, broker‑sourced OTC market data across global capital markets, empowering buy‑side and sell‑side firms with trusted insight into pricing, liquidity, and risk. Our data is sourced exclusively from TP ICAP’s leading brokerage brands, providing a unique view into traditionally opaque markets.
- Multi‑asset OTC coverage: Interest rates, inflation, FX, money markets, energy and commodities data across key global markets.
- Decision‑grade data: Market‑observed pricing designed to support trading strategy, valuation, pre‑ and post‑trade analytics, and risk management.
- Flexible delivery: Seamless integration via API, cloud platforms, and third‑party vendors to fit your existing workflows.
To learn more about how Parameta Solutions supports capital markets participants, or to request a data sample, please contact us.
Disclaimer
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