In today’s fastmoving markets, interest rates data sits at the heart of global finance. From pricing and valuation to hedging and risk management, accurate and timely interest‑rate data is the foundation of confident decision‑making across every asset class, region and market participant. Yet in opaque OTC markets, not all data is created equal.
In this video, Bernie Mutitu, Senior Product Manager, Capital Markets at Parameta Solutions, covers the OTC data for interest rates and what to look for when selecting an interest rate data provider.
The Foundation of Global Markets: Interest Rates Data
Interest rates influence everything—from funding costs and asset valuations to volatility, liquidity and cross‑market correlations. A move in one region can quickly ripple across the globe. To navigate this complexity, market participants need interest rates data that is deep, broad, reliable and truly representative of real market activity.
Powered by TP ICAP: Why Inter‑Dealer Broker Data Matters
Parameta Solutions sits within the TP ICAP Group, giving it direct access to market‑leading brokerage activity from Tullett Prebon (TP) and ICAP—two of the most established and trusted names in OTC interest rate markets.
This matters because inter‑dealer brokers sit at the centre of price formation in OTC markets. IDBs facilitate trading between the world’s largest banks and liquidity providers, capturing real, executable pricing at the point where institutional risk is transferred. As a result, data sourced from an IDB reflects how the market actually trades, not theoretical models, indicative quotes or selectively contributed prices.
Crucially, both TP and ICAP contribute separate interdealer flows into Parameta’s interest rates data. This dual brand structure creates a deeper, more competitive dataset, drawing on independent liquidity pools rather than a single source of truth. For clients, this means greater transparency, reduced bias and a more accurate view of executable market levels across the curve.
Unlike datasets built from limited submissions or derived pricing, IDB‑sourced interest rates data captures:
- True market liquidity
- Competitive price discovery
- Real‑time reactions to macro and monetary events
- Depth across maturities, structures and currencies
For users of interest rates data—whether on the buy side or sell side—this translates into fewer blind spots, stronger insights and greater confidence in pricing used for trading, valuation, hedging and risk management.
By combining the reach, liquidity and credibility of TP ICAP’s brokerage businesses with Parameta’s robust data validation and technology, clients gain access to interest rates data that is not only comprehensive, but grounded in real OTC market activity.
Breadth and Depth That Set a New Standard
Parameta’s interest rates data offering is built on two critical pillars: breadth and depth.
- Coverage across 30 currencies and growing
- Tens of thousands of instruments within the interest rate space
- Comprehensive support for both linear and non‑linear products
This breadth ensures clients can analyse interest rate markets holistically, while the depth of data delivers confidence that pricing reflects true market dynamics—not thin or distorted snapshots.
Market Leadership in Risk Free Rates
Risk free rates (RFRs) are now central to global interest rate markets, and Parameta’s credentials here are unmatched.
- Leadership across SONIA, €STR and SOFR
- ICAP is a market leader in SOFR spread‑over trading
- Tullett Prebon was among the first to execute SOFR basis trades
This long‑standing market leadership is embedded directly into Parameta’s interest rates data, giving clients confidence in both coverage and credibility.
Built for Accuracy, Scalability and Trust
High quality interest rates data doesn’t happen by accident. TP ICAP operates a sophisticated technology stack designed to validate, calibrate and normalise pricing before it reaches the market.
The result is interest rates data that is:
- Dependable and scalable
- Calibrated to the highest standards
- Supported by deep historical time series
- Unbiased and transparent in its provenance
For clients, this translates into data that can be trusted across front office, risk and regulatory use cases.
Expanding Beyond the Sell Side
While Parameta has long been trusted by the sell side, buy‑side adoption of its interest rates data is accelerating.
Hedge funds, asset managers and proprietary trading firms rely on Parameta data to:
- React quickly to changing market conditions
- Support asset valuation and portfolio management
- Inform hedging and risk mitigation strategies
- Gain transparency in traditionally opaque OTC markets
With real‑time and snapshot delivery options, buy‑side firms can access interest rates data in the format and speed their strategies demand.
Linear and Non‑Linear Products: A Complete View of the Market
Understanding interest rate markets requires visibility across both linear and non‑linear instruments.
Parameta’s interest rates data includes:
- Interest rate swaps (IRS)
- Overnight index swaps (OIS)
- Risk‑free rates
- Basis swaps
- Interest rate options
Linear products reflect curve structure and rate levels, while non‑linear products provide insight into volatility and market sentiment. Together, they offer a complete and connected view of the interest rate landscape.
Flexible Packages to Match Your Needs
Parameta offers a range of interest rate data packages across the TP and ICAP brands, including:
- G7 packages covering the most liquid global currencies
- Global packages providing access to the full universe of available instruments and currencies
Beyond interest rates data, Parameta also delivers market data across FX, fixed income and money markets, enabling clients to navigate global capital markets with confidence.
The Bottom Line
In an environment where transparency, speed and accuracy matter more than ever, interest rates data is only as valuable as its source.
With unrivalled OTC coverage, market‑leading RFR expertise, robust technology and deep liquidity, Parameta Solutions provides interest rates data that market participants can rely on—whatever their strategy, region or role.
Contact us for a sample of our data.
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