Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

51146

Bloomberg and General Index expand strategic collaboration for commodities market information 

RELATED TOPICS​

Bloomberg and General Index (GX) have announced the expansion of their strategic collaboration which builds on the foundational commodities market information available via the Bloomberg Terminal function, Bloomberg Spot Oil {BOIL<GO>}. All Bloomberg Terminal customers can now access GX’s pricing for the world’s commodity markets, including the most important oil and refined products prices. 

Bloomberg writes that GX pricing data further strengthens {BOIL<GO>} so that Bloomberg Terminal users can access a comprehensive view of spot oil and refined product price assessments that span from the spot market to OTC curves. 

“The refreshed and expanded dataset aggregates over 400 energy prices, including 160 new benchmarks provided by GX, so that customers can see a full view of market activity for key crudes and refined products across geographies. The benchmarks are calculated by GX using trade information from over 150 data providers and are externally audited to IOSCO standards. GX is also authorized by the UK’s FCA as a benchmark administrator.”

Emilie Gallagher, Global Head of Commodities, FX and Macroeconomics at Bloomberg, says: “In the current era of the macro investor, corporations and institutions will need access to global commodities market information and analytics to navigate economic uncertainty, upcoming geo-political events and an energy sector that’s in transition. Our strategic collaboration with General Index will provide Bloomberg Terminal customers with a transparent view of spot oil and refined product benchmarks and build on the foundational aspects of their investment strategy across critical asset classes.”

The GX-powered {BOIL<GO>} prices reflect both evolving trading patterns and well-established commodity pricing points that can be used in contracts and for trading. The 160 new benchmarks utilise market-relevant pricing and span key crudes in the Middle East, Europe and Canada, as well as other oil products in Europe, the Middle East and various Asian markets like Singapore, South Korea, and Japan.

Tickers align with specific regional market closures and follow a tech-based methodology backed by expert oversight. This offers market participants a transparent data solution for their commodities exposure. In addition to the price assessments on the Bloomberg Terminal, customers can access GX data for enterprise use via Bloomberg Data License and Bloomberg’s real-time market data feed, B-PIPE. 

Neil Bradford, Founder and CEO of General Index, says: “We are delighted to continue our strategic partnership with Bloomberg by bringing GX powered energy benchmarks to all Bloomberg Terminal customers through the refreshed and expanded BOIL function. The GX ethos is fair and affordable access to commodity price data, and having Bloomberg share in this vision further strengthens the market’s ability to better utilise the world’s resources.”

Latest News

New research from Carne Group reveals fund managers expect alternative asset classes to see the..
Brown Brothers Harriman Co has expanded its relationship with AllianceBernstein AB by adding to its..
The trading and investment platform eToro has extended its proxy voting feature to all stocks..

Related Articles

UK map
UK local government pension schemes (LGPS) are leading the charge on investment in private markets issuing tenders set to be worth billions of pounds in the coming years...
UK local government pension schemes LGPS are leading the charge on investment in private markets issuing tenders set to be..
The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a possible buyout of EY’s Italian consulting branch...
The trend of private equity firms acquiring businesses in the professional services sector continues with CVC Capital Partners eyeing a..
Pension funds
UK defined benefit (DB) pension plan sponsors could have access to GBP 1.2 trillion in surplus assets over the next decade, industry research reveals...
UK defined benefit DB pension plan sponsors could have access to GBP 1 2 trillion in surplus assets over the..
Tim Crawmer, Payden & Rygel
Tim Crawmer and Frasat Shah of Payden & Rygel write that higher yields are attracting more demand from investors. Also, given that equities had a strong year last year, big funds have taken some chips off the table in equities and put them into fixed income...
Tim Crawmer and Frasat Shah of Payden Rygel write that higher yields are attracting more demand from investors Also given..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by