ICIS Enhances Its Dashboard Service with New Formula Builder
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ICIS has improved the functionality of its Dashboard with an intelligent Formula Builder capability.
As volatility continues in global energy, fertilizer and petrochemical markets, it is imperative for buyers and sellers to stay on top of price movement within their markets. It’s vital to update and compare pricing formulas in line with these market developments, in order to protect profitability and seize arbitrage opportunities as they arise.
Trusted by traders, buyers and sellers worldwide, ICIS’ information is relied on for benchmarks and price settlements. Subscribers to the Dashboard can easily access petrochemical, energy and fertilizer prices from any device, on a single, customized platform.
By adding the new Formula Builder to the Dashboard, ICIS is enabling customers to save time when embedding ICIS prices into their formulas, and making it easy to identify changes and trends in markets they operate in.
This added functionality allows customers to build and save their contract formulas into the Dashboard. Contract prices and charts will automatically update with the latest prices, to instantly calculate real-time contract prices, as well as discounts and premiums.
Dashboard subscribers can also add their formulas to the Price History window, to gain a holistic view of seasonal market trends over time, and benchmark performance.
“This new functionality provides a smart and easy way for our customers to track and chart their contract formulas, enabling them to react quicker to market movement. By using this information in negotiations our customers can make better-informed decisions and gain a competitive advantage,” said Simon Platt, ICIS director of product management.
About ICIS
ICIS is the world’s largest petrochemical market information provider and has fast-growing energy and fertilizer divisions. Its aim is to give companies in global commodities markets a competitive advantage by delivering trusted pricing data, high-value news, analysis and independent consulting, enabling customers to make better-informed trading and planning decisions. The company has more than 30 years’ experience in providing pricing information, news, analysis and consulting to buyers, sellers and analysts.
With a global staff of more than 800, ICIS has employees based in Houston, Washington, New York, London, Montpellier, Dusseldorf, Karlsruhe, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai, Yantai, Tokyo and Perth. Some 350 of ICIS’ staff are journalists engaged in reporting market prices and news, and ICIS is fully committed to upholding the highest journalistic principles of verification, corroboration and authentication. ICIS has a compliance framework that along with its methodologies and business processes adheres to the requirements of the IOSCO PRA Principles.
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