Parameta Solutions, a world’s leading provider of Over the Counter (OTC) market and transactional data, and General Index (GX), the world’s first technology-driven benchmark provider, are pleased to announce the launch of a new Liquified Natural Gas (LNG) pricing service that will offer robust and transparent daily benchmarks to better enable trading between major LNG hubs.
Powered by trades executed in TP ICAP’s leading Energy & Commodities venues, Parameta Solutions’ waterfall methodology is implemented using GX’s leading benchmark technology. The Parameta Solutions Global LNG Basis Indices will offer an alternative tech-led approach to traditional journalistic price assessments. With GX acting as the independent regulated benchmark administrator, the indices will be available for use for price discovery purposes, as the underlying reference rate in financial contracts and in the clearing and settlement process.
“As the world continues along the path to net-zero, LNG has emerged as the key balancing fuel that market participants are using to accelerate their progression. The market for this product has expanded, with volumes increasing as a result of geopolitical pressures on supply chains. As a result, what was once a niche, localised market is now a truly global one. Therefore, this collaboration to create a suite of benchmarking tools is necessary to help participants to manage their risk more effectively.”
"There is a natural fit between an OTC trade data provider and independent benchmark provider. This innovative partnership brings new transparency and choice to the LNG market, and we believe will be the first of many collaborations between our firms.”
About Parameta Solutions
Parameta Solutions is the Data & Analytics division of TP ICAP Group. The business provides clients with unbiased OTC content and proprietary data, in-depth insights across price discovery, risk management, benchmark and indices, and pre and post-trade analytics. Its post-trade solutions offering helps market participants control their counter party and regulatory risks through a growing range of tools that manage balance-sheet exposure, as well as compression and optimisation services.
For more information on Parameta Solutions, visit parametasolutions.com
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