General Index, a leading provider of energy market benchmarks, today announced a data agreement with Link Data Services, a leading provider of transactional data for U.S. Gulf Coast crude oil markets, for straight-through processing of trade and market data directly into General Index systems.
Through this technology partnership, Link Data Services, in cooperation with Link Crude Resources (“Link”), one of the largest brokers of physical North American Crude, will provide data related to Link’s crude oil transactions, which General Index will use to seamlessly process, produce and distribute the most accurate and timely prices for US physical crude markets. Key benchmarks launched as part of this partnership include WTI (at Houston and Midland), Canadian Sour (at Cushing and Houston) and Mars.
As a result of this collaboration, General Index is expanding its offering to market participants of high-quality, lower-cost alternatives to the incumbent data providers. General Index assessments are available right after market close and underpinned by as much or more data as other benchmark providers.
Clients will be able to leverage an ever-growing network of partners and technologies to access these robust benchmarks, including Bloomberg, Morningstar, Refinitiv, Snowflake and ZE.
“We’re very excited about the collaboration with Link Data Services. It comes at a time where our world-renowned benchmark assessment capabilities for oil markets are being launched to U.S. customers and reinforces our position as an innovative disrupter in an industry beholden to outdated, inefficient operations.”
- Neil Bradford, CEO and Founder of General Index
“Link believes General Index has a strong vision for evolving access to crude pricing benchmarks, and we’re happy for the opportunity to partner with them. We believe their fair, easy-to-access, technologically advanced benchmarks will enable our clients and the market to better utilise our resources. General Index represents a step forward in quality, and we’re excited to support their efforts to evolve commodity pricing.”
– Scott Nelson, Commercial Director Link Data Services
General Index provides refiners, midstream companies, E&P firms, banks, consulting firms and trading houses access to high quality, lower cost data which can be used for a variety of transactionally based and internal purposes. General Index offers open and flexible licensing agreements that differ greatly from the location and user-based models other data providers employ.
General Index brings robust, reliable price transparency to the world’s commodity markets. As the world’s first tech-native benchmark provider, General Index aggregates trade data to build a comprehensive view of market activity, and then applies algorithmic index methodologies consistently, accurately and without subjective judgement. In the second half of 2021, General Index secured c.$9m seed funding round from investors who share in the organisation’s vision of fair access to critical commodity data.
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