We’re pleased to work with Genscape to provide our clients with important NGL data on ICE IM. This real-time data gives market participants actionable market intelligence to identify trading opportunities and to make more informed decisions.
Houston, TX (PRWEB) February 17, 2016
Genscape today announced that it is making its real-time natural gas liquid (NGL) news alert service available to market participants on the International Exchange (ICE) Instant Messaging platform (IM). ICE, a leading operator of global exchanges, clearing houses and data services, will provide critical, real-time NGL pipeline, ethylene cracker, and fractionator news alerts via instant message through ICE IM.
Genscape measures the fundamentals that drive the NGL market, enabling traders to leverage timely, critical alerts and updates in their daily trading and hedging decisions. Alerts available over ICE IM will provide real-time insight into the operational status of ethylene crackers, as well as NGL pipelines and fractionators at Mt. Belvieu, North America’s largest storage and processing hub for natural gas liquids. Alerts include changes in pipeline flows, elevated flaring, reduced operating rates, shutdowns, and restarts.
“We’re pleased to work with Genscape to provide our clients with important NGL data on ICE IM. This real-time data gives market participants actionable market intelligence to identify trading opportunities and to make more informed decisions,” said Brian Harrison, Vice President, Desktop Strategy, ICE.
Utilizing its proprietary, patented technology, Genscape captures real-time data on the entire NGLs supply chain – pipeline flows, fractionation and processing, and downstream petrochemical demand. By providing transparency to NGLs transportation flows, processing operations like fractionation, and ethylene crackers, Genscape is aiding in this market evolution with unbiased, measured market data and analysis. This quantitative fundamental data brings efficiency to the NGLs and petrochemical markets, as more market participants can make trading and business decisions with real data on the factors underlying price.
To learn more or speak to an expert about Genscape’s real-time, proprietary petrochemical and NGL monitoring, visit: genscape.com/petrochemical-ngls. For more information on ICE IM, please email technologyservices(at)theice(dot)com.
About Intercontinental Exchange
Intercontinental Exchange (NYSE:ICE) operates the leading network of exchanges and clearing houses, serving global commodity and financial futures, and equity markets. The New York Stock Exchange is the world leader in capital raising and equities trading. ICE is also a leading provider of data services across global markets.
Trademarks of ICE and/or its affiliates include Intercontinental Exchange, ICE, ICE block design, NYSE and New York Stock Exchange, Interactive Data and Trayport. Information regarding additional trademarks and intellectual property rights of Intercontinental Exchange, Inc. and/or its affiliates is located at http://www.intercontinentalexchange.com/terms-of-use.
Genscape is the leading global provider of real-time data and intelligence for commodity and energy markets, driven to improve market transparency and efficiency. With thousands of patented monitors strategically deployed worldwide, Genscape is unique in its ability to collect and report proprietary market fundamentals in real-time or near real-time. Genscape delivers innovative solutions across a number of asset classes including: Oil, Power, Natural Gas and LNG, Agriculture, Petrochemical and NGLs, Maritime, and Renewables. Genscape clients often gain important insights, improve risk management, or increase operational efficiency. For more information, please visit: http://www.genscape.com