Eikon customers will be able to access pricing and reference data for trade, risk management and hedging functions from Cleartrade Exchange, the Singapore-based electronic global marketplace for commodity futures and OTC cleared commodity derivatives.
[Thomson Reuters has been busy adding functionality and also expanding access to Eikon. Most recently, 1,300 FXall Customers Got Access to Eikon Messenger.]
"The addition of Cleartrade Exchange commodity futures and OTC derivatives trading data to Thomson Reuters Eikon further expands and deepens our customers' view and understanding of worldwide commodities markets," said Shaun Sibley, head of commodities and energy, Thomson Reuters, in a statement. "When combined with the news, tools and analytics they have at their disposal on the Thomson Reuters Eikon desktop, it becomes an incredibly powerful solution."
Commodities have been traded for hundreds of years and the majority of all related derivative contracts are electronically traded today, allowing producers and consumers to manage their risk exposure. The addition of the Cleartrade Exchange data in Eikon will complement existing coverage of commodity futures and OTC commodities markets. The new data covers freight, ferrous metals, agriculture and energy, including iron ore, container and fertilizer broker data from Freight Investor Services (FIS). It also includes China steel indices as well as World Container Index (WCI) indices and price curves for major shipping routes. Greg MacSweeney is editorial director of InformationWeek Financial Services, whose brands include Wall Street & Technology, Bank Systems & Technology, Advanced Trading, and Insurance & Technology. View Full Bio