Core Insights - Parameta Solutions has launched an enhanced real-time OTC oil data service aimed at improving speed, accuracy, and visibility for market participants [1][3] - The service aggregates live pricing from leading brokers PVM and ICAP, with additional data from TP ICAP expected later [1][2] - The initiative addresses the historical opacity of the OTC oil market, providing a unified and trustworthy view of global oil activity [2][4] Market Context - The OTC oil market has been characterized by fragmented data and reliance on delayed pricing, exposing firms to risks [4][5] - The new service offers live feeds validated across multiple broker desks, streamlining modeling and enhancing risk management [5][6] Coverage and Accessibility - The service covers a wide range of oil products, including crude, middle distillates, fuel oil, LPG, and light ends, sourced from over 100 brokers across 17 desks in major energy hubs [8][11] - Market participants can access data through various delivery channels, including streaming feeds and snapshots, facilitating integration into existing platforms [9][10] Integration with Fusion Insights - The new data service is integrated into TP ICAP's Fusion Insights platform, providing visualizations, trend analysis, and volatility monitoring [13][15] - This integration enhances the platform's appeal to financial institutions, aligning oil market insights with broader trading and risk strategies [15][16] Industry Trends - The launch reflects a broader industry trend towards greater transparency in traditionally opaque markets, similar to changes seen in equities and FX [17][20] - Parameta's unique position as the sole provider of aggregated pricing from three major oil brokers gives it a competitive edge in the market [18][19] Future Outlook - The company plans to extend its model beyond oil into other commodities and OTC markets where transparency gaps exist [21][22] - As regulatory focus on market transparency increases, the demand for trusted data services is expected to grow, positioning Parameta favorably in the evolving landscape [22][24]