Parameta’s indicative data delivers real‑time, market‑reflective insight for OTC markets by aggregating observable inter‑dealer broker activity.
OTC data solutions for global derivatives markets
We empower institutions to navigate opaque OTC markets using our real-time & historical data, sourced from the world’s largest OTC liquidity venue.
OTC Data Source Sourced From
Bringing transparency to global OTC markets
Over‑the‑counter (OTC) markets play a critical role in the global financial system. Market participants rely on them to access funding, manage risk at scale and generate alpha, with average daily trading volumes that significantly exceed those of global equity markets. As a result, OTC markets underpin a substantial share of global financial activity.
However, OTC markets are diverse, non‑standardised and highly decentralised. Unlike exchange‑traded markets, pricing and liquidity are fragmented across counterparties, instruments and venues. This fragmentation makes OTC markets inherently more difficult to access, analyse and monitor without specialised data, advanced analytics and deep market expertise.
High‑quality OTC market data is therefore essential. It enables firms to understand true market conditions, supports accurate pricing and valuation, strengthens risk management and compliance, and provides the transparency needed to make informed decisions in opaque or illiquid markets. Without reliable OTC data, firms risk mispricing, flawed risk assessments and regulatory exposure.
Parameta’s mission is to make unique and scarce OTC market data accessible. By unlocking hard‑to‑obtain insights grounded in real market activity, Parameta enables clients to identify hidden opportunities, navigate complexity and trade with confidence, even in the most challenging and opaque OTC markets.
Parameta Solutions provides deep coverage across a wide range of derivatives asset classes including interest rates, FX, money markets, energy and commodities.
About Parameta Solutions
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Broad & Deep OTC Asset Classes
From interest rate swaps to energy & commodities, we deliver data across a wide range of OTC asset classes with regional breadth and market depth that few others can match.
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Data sourced from #1 inter-dealer broker
As part of TP ICAP (LSE: TP ICAP), we have access to data from the world’s largest inter‑dealer broker network*, giving you visibility into OTC markets not available elsewhere.
*Source: By revenue, TP ICAP Annual Report 2025
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Data sourced from #1 OTC liquidity venue*
Powered by the largest source of OTC data, we deliver unique insight into opaque markets—enabling accurate price discovery and confident risk management.
*Source: By revenue, TP ICAP Annual Report 2025
Our OTC Data Suite
Real-time OTC Data
Intra & End of day Pricing
Parameta’s snaps and end‑of‑day data provide scheduled intraday and daily OTC market snapshots for consistent pricing, valuation and analysis.
Extensive Historical Data
30+ years of high quality broker‑sourced OTC market data is ideal for quants back-testing signals and trading strategies across large datasets.
Why Choose Parameta Solutions for OTC Data
1
m+
instruments
200
+
asset types
200
+
sourced from broker desks worldwide
Our Data Solutions
Capital Markets Indicative Data
High-quality, independent interest rate swaps, swaptions, FX, repo & money markets & other derivatives market data sourced from the TP ICAP interdealer brokerage network. Designed to improve trading and execution strategies, enhance risk management, and meet regulatory requirements.
Energy & Commodities Indicative Data
Evidential Data
We combine indicative market pricing with real trade and order data to deliver evaluated prices across bonds, FX and interest rates — supporting you with capital optimisation, market insight and regulatory confidence.
Benchmarks & Indices
Using TP ICAP’s unique OTC derivatives data, we create independent, transparent indices that bring trusted reference points to complex and traditionally hard‑to‑price markets.
Trade & Order Data
Gain deep insight into how OTC trades are executed using rich pre‑ and post‑trade transaction data. Parameta’s OTC trade & order data enables effective surveillance, best execution analysis and regulatory reporting built on trusted broker intelligence.
Transaction Cost Analysis (TCA)
Measure and improve your OTC execution performance with analytics compared against high‑quality broker trade data. Parameta’s TCA helps you demonstrate best execution, meet regulatory requirements and optimise trading strategies.
Independent Derivatives Valuations (IDV)
Simplify the valuation of your derivatives trades with accurate, transparent and truly independent fair values for complex portfolios. Parameta IDV helps hedge funds produce reliable NAVs and meet investor, regulatory and accounting requirements with confidence.
Get Your OTC Data Sample
Complete the form and tell us which asset class/instrument you would like to see.
Frequently Asked Questions About Our OTC Data
What is OTC data?
OTC (Over-the-Counter) data refers to pricing, trade, and liquidity information for financial instruments that are traded off-exchange.
OTC data comes from trades and pricing activity that takes place directly between market participants, rather than on a centralised exchange.
In OTC markets, trades are typically facilitated by brokers—particularly interdealer brokers (IDBs) such as TP ICAP who connect major institutions such as banks, market makers, and asset managers. These trades can be executed via electronic platforms or through voice brokerage, creating a continuous flow of pricing, quotes, and transaction data.
Because these transactions happen across a decentralised network of brokers and counterparties, OTC data captures market activity that is not visible on public exchanges. This includes pricing for complex or bespoke instruments, as well as liquidity in less transparent or harder-to-trade markets.
Interdealer brokers also play an important role in maintaining anonymity for large institutional trades and facilitating liquidity, helping ensure that prices accurately reflect true supply and demand.
As a result, high-quality OTC data provides a more complete and realistic view of how markets actually trade, supporting better price discovery, trading decisions, and risk management.
Why is OTC market data important?
Unlike exchange-traded markets, OTC markets are:
• Decentralised – no single source of truth
• Fragmented – liquidity varies across instruments and counterparties
• Opaque – limited pre- and post-trade transparency
OTC data provides visibility into markets that are otherwise fragmented and less transparent than exchange-traded markets.
This makes high-quality, independent OTC data essential for gaining a true view of market conditions.
It helps firms:
• Make more informed trading and investment decisions
• Improve pricing accuracy and valuation
• Manage risk more effectively
• Meet regulatory and reporting requirements
Without reliable OTC data, firms risk making decisions based on incomplete or distorted market signals.
What types of OTC data does Parameta Solutions provide?
We offer a comprehensive suite of OTC data solutions, including:
- Real-time data for immediate market insights
- Evaluated Pricing for independent valuations
- Historical data for trend analysis and back-testing
Which asset classes are covered by your OTC data?
Our coverage spans multiple OTC markets, including:
- Interest rates: Swaps & options (including basis, constant maturity swaps, risk free rates, forward rate agreements, volatility surfaces, Inflation curves, cap floor and treasury spreads)
- FX: Spot, forwards, non deliverable forwards, options,
- Money markets: Repos (General Collateral & Specials), treasury bills, cash deposits, lending rates, commercial papers, certificates of deposit
- Fixed income: Sovereign debt, government, US treasury on & off the run, mortgage backed securities (MBS), structured debt
- Inflation: Swaps, options and inflation linked bonds
- Equities: Dividend swaps, variance swaps and volatility surfaces
- Credit derivatives: Credit default swaps (CDS), sector curves
- Energy and commodities: Oil, power, coal, gas, environmental, emissions, precious, battery and base metals
How can I access Parameta’s OTC data?
Our data is delivered through flexible options such as APIs, cloud-based solutions, and secure feeds, ensuring seamless integration into your existing workflows.
How is OTC data used?
Both buy-side and sell-side firms use OTC data across the entire trade lifecycle, including:
• Price discovery – understanding where the market is trading
• Trading strategy – identifying opportunities and timing execution
• Risk management – monitoring exposure and market shifts
• Valuation and benchmarking – ensuring positions are accurately priced
• Regulatory compliance – supporting reporting and transparency requirements
As data quality improves, OTC data is increasingly used not just for compliance, but for core decision-making.
How does OTC data improve trading outcomes?
Access to trusted OTC data enables firms to:
• Execute trades with greater confidence
• Reduce pricing uncertainty
• Identify liquidity more effectively
• Optimise execution and transaction costs
This leads to better-informed decisions and more consistent performance in complex or illiquid markets.
Why choose an independent OTC data provider?
An independent OTC data provider can offer:
• A more objective view of the market
• Greater transparency into pricing and liquidity
• Data sourced from real transactions and pricing activity
• Flexible delivery into existing workflows
This helps firms make more confident, data-driven decisions in complex markets.