Bloomberg to Distribute ChemConnect Market Data

Real-Time Market Information to Reach More Than 200,000 Professionals In Multiple Industries

13-Jun-2003

ChemConnect, Inc., a leader in helping customers optimize their purchasing and sales processes for feedstocks, chemicals, plastics, and related products, today announced that Bloomberg L.P., an information services, news and media company serving customers around the world, will distribute real-time market information from ChemConnect via its Bloomberg Professional service.

Bloomberg has forged a unique position within the financial services industry with the Bloomberg Professional service, which provides an unparalleled combination of data and analytics in a single platform. By providing instantaneous access to real-time and historical financial data, Bloomberg has transformed the securities business and leveled the playing field between buyers and sellers. Bloomberg's clients include the world's central banks, investment institutions, commercial banks, government offices and agencies, corporations and news organizations.

The service, to be jointly marketed by Bloomberg and ChemConnect, will be the first daily, real-time feed of actual transaction data for natural gas liquids (NGLs) and chemicals.

Index prices, based on actual transactions concluded across a neutral, anonymous platform like ChemConnect provide the market information to formulate a valid forward curve, which is critical to building liquidity in the forward market. When combined with historical data, professionals within and outside the chemical and energy industries will have an improved platform for analytics, enhancing their ability to make business decisions and manage risk.

"Tracking activity within the fuel and chemical industries is fundamental to our clients worldwide," said Bradley R. Johnson, Head of Global Energy Development at Bloomberg, L.P. "ChemConnect has positioned itself as the destination of choice for trading in NGLs and commodity chemicals. Their real-time market data is critical to making smart decisions in the fuel and chemical markets. "

NGL Supply Inc. is a user of Bloomberg Professional and an active participant on ChemConnect's Chalkboard. According to Bob Foster, NGL Supply Inc. vice president, "This agreement between two leaders establishes a single platform for the critical data required for buying and selling. Accessing real-time ChemConnect data through Bloomberg will help organizations analyze their entire trading portfolio in one view -- something the industry has never seen before."

"Bloomberg's reputation as a source for pricing data, analytics, and news is well established," said John K. Robinson, ChemConnect's CEO. "Delivering our market information to Bloomberg Professional subscribers -- professionals in global industries of all kinds -- will drive liquidity in an even broader base of feedstocks, chemicals, and related products and continue to help our customers better manage risk and efficiently execute transactions."

https://www.chemeurope.com/en/news/24066/bloomberg-to-distribute-chemconnect-market-data.html