Commodities markets have a great deal of enthusiasm for integrating IT products at the moment. In October last year Austin, Texas-based analytics firm Drillinginfo decided to acquire GlobalView and its enterprise data management (EDM) suite MarketView. Clients of Drillinginfo say the company has since become a “truly disruptive force” in commodities data management.
“For the first time, the best real-time desktop system, the best EDM system and up-to-real-time proprietary and public energy data all reside within the same solution,” says a member of the Drillinginfo team. “Individually, each component provides enormous value and competitive edge, but together they transform both the expectations and very definition of data management in the energy space.”
During 2016 Drillinginfo broadened its share of the EDM market in North America, Europe and Asia, and the period also saw growth in the firm’s accounts with a number of major energy firms.
The updates to the MarketView suite have been widespread, and include the creation of new data points for Ice and Nymex exchanges, comprising fair value curves at international market closes, real-time fair value curves, swaps pricing, historical volatilities, implied historical volatilities and calendar month averages.
Drillinginfo also expanded MarketView Desktop with forecasting based on the Elliott Wave, a theory for modelling market cycles. It also refined MarketView ExcelTools with new options for analytics and displays, and created an iPad version for MarketView Mobile.
“The company consistently used customer feedback to update functionality,” says a company representative. “Many major improvements over the past year took as little as three months to implement from the time of user feedback to release.”
Drillinginfo also introduced five different extrapolation capabilities to MarketView CurveBuilder, as well as new reporting features, a curve relationship viewer and a tool for easier sharing of curves.
The changes not only give traders easy access to data, but also protect firms from intellectual property theft and remove the need to “cobble together disparate and complicated systems and fragile processes to access data residing in thousands of trader spreadsheets” says the company.
The week on Risk.net, April 7–13, 2018Receive this by email