ICIS, a trusted source of market intelligence for global chemical, energy and fertilizer markets, has enhanced its market intelligence delivery platforms with a new service, Data Express, which offers two options to make downloading and organising data easier for customers.
Subscribers to ICIS can now choose to access their data via an application programming interface (API) streamed directly into their proprietary systems or via a Microsoft Excel plug-in, depending on which service best suits their business needs. These enhancements are designed to increase productivity and enable faster decision making in the commodities markets, as well as to reduce risk by minimising manual processes to eliminate errors.
“The Excel Plug-In was developed in response to the needs of those regularly downloading multiple data series in one go. ICIS recognised the inefficiencies of copying and pasting such data, and manually integrating it into existing calculations and models. Our subscribers can now instantly download as many as 250 data series directly to their worksheets, streamlining this process and making it more time-efficient”, said Simon Platt, Product Director at ICIS.
Data updates are highlighted automatically and price history updates are sorted in the same column, making it easy to benchmark prices, identify opportunities, and manage risks. This facilitates smoother decision-making, and increased competitiveness for ICIS customers.
Alternatively, if customers need data delivered directly into their proprietary systems, the API can provide instant access to the latest prices as they are published, or insights into market fundamentals for one-off projects, saving time and effort when updating internal databases. “By making it easy to identify new or shifting data, ICIS’ Data Express is designed to make data handling and analysis simple,” said Simon Platt.
Find out more about the ICIS Data Express
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ICIS is the world’s largest petrochemical market information provider and has fast-growing energy and fertilizer divisions. Our 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 our customers to make better-informed trading and planning decisions. We have 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’s 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.