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SAN JOSE, Calif., Aug. 10, 2022 /PRNewswire=KYODO JBN/ --

Parameta Solutions, the Data & Analytics division of TP ICAP Group, and

PeerNova(R) announced the launch of ClearConsensus(TM), a transparent

high-fidelity consensus network for Independent Price Valuation (IPV). The

service improves both business resilience and regulatory response by addressing

the evolving risk environments for price valuation and control groups at banks

globally.

"We are excited to announce our partnership with PeerNova," said Eric Sinclair,

CEO of Parameta Solutions. "By leveraging PeerNova's technology, an agile data

management and analytics platform, we can provide clients with deeper insights

and a streamlined challenge process for more efficient and timely consensus. It

is a great marriage between PeerNova's technology and Parameta Solutions'

observable transactions data."

ClearConsensus combines Parameta Solutions' Evaluated Price (EvP) with

PeerNova's Cuneiform(R) modern technology platform. In a first of its kind,

ClearConsensus is directly introducing observable transactions data via the

EvP, significantly improving the fair value waterfall process. The solution

provides visibility and transparency, while maintaining participant anonymity

and data privacy. Through stringent data quality checks and an automated

challenge process that incorporates additional participant data, the final

consensus price is enriched, accurate, and timely. Comparative, real-time

analytics help identify market trends so clients can better optimize capital

allocation, mitigate risk, and reduce cost of ownership.

"We are very pleased to partner with Parameta Solutions and launch

ClearConsensus," said Gangesh Ganesan, Founder and CEO of PeerNova. "As a

leading provider of unique OTC content, with a global footprint in the

derivatives market, Parameta Solutions will bring significant expertise when it

comes to meeting regulatory requirements and enriching client data. Coupled

with PeerNova's data and analytics capabilities, our solution is uniquely

positioned to improve the overall consensus process, helping clients better

plan for the future."

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 counterparty and regulatory risks

through a growing range of tools that manage balance-sheet exposure, as well as

compression and optimisation services.

About PeerNova:

PeerNova's mission is to empower firms to make confident and timely decisions

using high-quality data. PeerNova's platforms enable users to monitor data

quality metrics, identify and resolve high-impact exceptions and outliers, and

perform faster root-cause analysis across the enterprise and network landscapes

in real-time.

In partnership with Parameta Solutions, the ClearConsensus(TM) solution

establishes a mid-market high-transparency consensus view of derivative prices

in the OTC markets. This enables market participants to optimize for risk

capital allocation. PeerNova's Cuneiform(R) Platform provides reconciliation,

data quality monitoring, and client onboarding that reduces manual processes

and improves operational efficiency across complex workflows.

Founded in 2013 by entrepreneurs with deep expertise in data and financial

infrastructure, PeerNova is a Silicon Valley technology company with sales

offices in New York and London. For more information about PeerNova, please

visit https://peernova.com.

SOURCE  PeerNova, Inc.; Parameta Solutions

Parameta Solutions Media Contact: Kate Evans, Aspectus Group,

Kate.Evans@aspectusgroup.com; PeerNova Media Contact: Navid Jafari, Vice

President, Marketing and Communications, PeerNova, Inc., navidj@peernova.com