Parameta Solutions, the data and analytics division of TP ICAP Group, and Marex Group plc, the diversified financial services platform, today announced the launch of a new joint netback pricing offering that combines proprietary oil and freight data to deliver a clearer view of energy market economics across crude, refined products and freight routes, connecting the price of oil with the cost of moving it.

The new solution brings together proprietary oil price benchmarks from ICAP, Tullett Prebon and PVM (TP ICAP Group companies) with Marex’s oil and freight market intelligence, enabling clients to assess real-time route economics, identify arbitrage opportunities, and better manage risk across physical and paper markets. By bringing commodity pricing and freight costs together in a single workflow, the offering helps market participants price the journey, not just the product, supporting more informed trading, risk management, and analytical decision-making.

This launch marks the first phase of a broader collaboration. Parameta Solutions’ data platform enables the cleansing, optimisation, and delivery of complex datasets at scale. Marex’s market data team provides clients with access to market data and associated services across energy and commodity markets. Marex delivers energy price discovery data and specialist market insights through its client portal, Neon, and via data feed delivery options, including real-time and end-of-day formats.

The partnership supports the co-creation of new derived products, including future cross market pricing solutions that combine oil and freight data.

Silvina Aldeco-Martinez, Chief Executive Officer at Parameta Solutions:

“This launch is about delivering total cost of trade for customers, connecting oil price signals and freight to help them evaluate real-time economics across routes and markets. By bringing these inputs together, we’re giving customers a clearer view of delivered route economics to support faster, confident decisions. It’s the first step in a broader roadmap of products we are building together with Marex.”

Richard Frape, Global Head of Market Data at Marex:

“Market participants tell us they need connected data to solve connected problems. By partnering with Parameta Solutions, we’re expanding the reach of our data and enabling clients to access oil and freight insights within a single, high quality analytical framework. Together, we’re making it easier for market participants to understand price formation and act on cross-market opportunities.”