Trade & Order Data
Why choose our trade & order data?
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Direct broker‑sourced data
Access trade and order flow captured directly from TP ICAP’s global broking desks, providing transparent and reliable market activity.
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Multi-asset coverage
Analyse markets consistently across rates, FX, credit, repos, bonds, equities and commodities using a single, standardised dataset.
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Supports core valuation and risk workflows
Use high‑quality transaction data for back-testing mark-to-market processes, prudential valuation and risk monitoring.
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Enhances compliance and regulatory reporting
Incorporate structured trade and order data to strengthen surveillance, reporting and internal oversight processes.
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Flexible licensing and delivery
Choose from multiple licensing models with delivery via direct feeds or end‑of‑day files to fit your operational setup.
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Quant modelling and backtesting
Calibrate models and test strategies with transaction‑driven datasets suitable for research, model development and historical analysis.
Trade and Order data, sourced directly from real broker activity.
Parameta’s trade and order data captures executed trade and order flow directly from TP ICAP’s global broking network, giving you an observable view of OTC market activity across interest rates, FX, credit, repos, bonds, equities and commodities.
Unlike indicative datasets, this product reflects actual broker‑handled transactions and pre-trade activity. Each record provides transparency into real market interest and executed activity, supporting workflows that rely on dependable, event‑driven data.
The dataset is delivered through defined licensing models and is structured to support valuation, prudential valuation, compliance, regulatory reporting, surveillance and quantitative research. End‑of‑day files enable consistent integration into pricing engines, reporting systems and analytical environments.
The result is a clear, defensible view of global OTC markets built on direct broker observations. It helps firms strengthen valuation processes, meet regulatory expectations, calibrate models, monitor market behaviour and backtest trading strategies with confidence.
Get your data sample
Complete the form and tell us which asset class/instrument you would like to see.
Trade & Order Data FAQs
What is Trade & Order data and where does it come from?
Trade & order data is sourced directly from TP ICAP’s global broking desks and captures executed trade and order flow across OTC markets. It provides observable market activity that supports valuation, surveillance and regulatory workflows.
Which asset classes are covered in the Trade & Order dataset?
Our data spans multiple asset classes including rates, FX, credit, repos, bonds, equities and commodities. This broad coverage allows firms to analyse market behaviour consistently across global OTC markets.
How does a trading partner firm of TP ICAP typically use Trade & Order data?
- Back testing consensus values – to compare against tradeable levels.
- Fair value hierarchy – trading firms need to assess their traded assets against guidelines of how actively traded a structure is. They can use their own trades or those seen in the market – our data is allowing firms to see trades in the market – thus allowing clients to move structures from level 3 – unobserved to level 2 – observed. This then frees capital for trading activity.
- Prudent valuation has tests regarding concentration and exit costs – both of these tests need trade and order data to assess the cost of exit a position and how activity traded it is.
How is the data delivered and integrated into client systems?
Clients can receive the data end‑of‑day files.
We provide an intra-day snap of data between London noon t-1 and noon T and delivered by noon t+1.
Delivery via FTP or direct access via snowflake API to the relevant tables.
How does Trade & Order data differ from indicative pricing data?
Trade & order (T&O) delivers broker‑sourced transactions and order flow based on real activity, while indicative data reflects non‑binding pricing.
The indicative surfaces are designed to move with the activity that the trade and order data captures. Therefore, as the market trades then the broker updates their surfaces.
The T&O data sourced from all brands and therefore will give spotlight information on points, whereas indicative data gives a view across the entire surface.
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