{"id":34585,"date":"2024-02-26T04:22:33","date_gmt":"2024-02-26T09:22:33","guid":{"rendered":"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-and-general-index-expand-strategic-collaboration-for-commodities-market-information\/"},"modified":"2024-02-26T04:22:33","modified_gmt":"2024-02-26T09:22:33","slug":"bloomberg-and-general-index-expand-strategic-collaboration-for-commodities-market-information","status":"publish","type":"press","link":"https:\/\/www.bloomberg.com\/company\/press\/bloomberg-and-general-index-expand-strategic-collaboration-for-commodities-market-information\/","title":{"rendered":"Bloomberg and General Index Expand Strategic Collaboration for Commodities Market Information"},"content":{"rendered":"
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GX to Provide Bloomberg Terminal Users with Access to 160 New Industry Spot Oil Benchmarks <\/em><\/h3>\n

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Bloomberg and General Index (GX), the world\u2019s first technology-led benchmark provider, announced today the expansion of their strategic collaboration<\/a> which builds on the foundational commodities market information available via the Bloomberg Terminal function, Bloomberg Spot Oil {BOIL<GO>}<\/strong>. All Bloomberg Terminal customers can now access GX\u2019s robust, reliable pricing for the world\u2019s commodity markets, including the most important oil and refined products prices.<\/p>\n

GX pricing data further strengthens {BOIL<GO>}<\/strong> so that Bloomberg Terminal users can access a comprehensive view of spot oil and refined product price assessments that span from the spot market to OTC curves. The refreshed and expanded dataset aggregates over 400 energy prices, including 160 new benchmarks provided by GX, so that customers can see a full view of market activity for key crudes and refined products across geographies. The benchmarks are calculated by GX using trade information from over 150 data providers and are externally audited to IOSCO standards.\u00a0 GX is also authorized by the UK\u2019s FCA as a benchmark administrator.<\/p>\n

Emilie Gallagher, Global Head of Commodities, FX and Macroeconomics at Bloomberg<\/strong>, said: \u201cIn the current era of the macro investor, corporations and institutions will need access to global commodities market information and analytics to navigate economic uncertainty, upcoming geo-political events and an energy sector that\u2019s in transition. Our strategic collaboration with General Index will provide Bloomberg Terminal customers with a transparent view of spot oil and refined product benchmarks and build on the foundational aspects of their investment strategy across critical asset classes.\u201d<\/p>\n

The GX-powered {BOIL<GO>} <\/strong>prices reflect both evolving trading patterns and well-established commodity pricing points that can be used in contracts and for trading. The 160 new benchmarks utilize market-relevant pricing and span key crudes in the Middle East, Europe and Canada, as well as other oil products in Europe, the Middle East and various Asian markets like Singapore, South Korea, and Japan. Tickers align with specific regional market closures and follow a tech-based methodology backed by expert oversight. This offers market participants a transparent data solution for their commodities exposure. In addition to the price assessments on the Bloomberg Terminal, customers can access GX data for enterprise use via Bloomberg Data License<\/a> and Bloomberg\u2019s real-time market data feed, B-PIPE<\/a>.<\/p>\n

Neil Bradford, Founder and CEO of General Index<\/strong>, said: \u201cWe are delighted to continue our strategic partnership with Bloomberg by bringing GX powered energy benchmarks to all Bloomberg Terminal customers through the refreshed and expanded BOIL function. The GX ethos is fair and affordable access to commodity price data, and having Bloomberg share in this vision further strengthens the market\u2019s ability to better utilize the world\u2019s resources.\u201d<\/p>\n

– ### –<\/strong><\/p>\n

About Bloomberg Spot Oil:
\n<\/strong>Bloomberg Spot Oil {BOIL<GO>} provides a curated list of IOSCO-compliant spot oil assessments from General Index (GX), so you can get a complete picture of global spot oil and refined products pricing and quickly identify price movement and potential arbitrage opportunities.<\/p>\n

The prices are organized by oil classes (across the barrel), providing spot, forward, and OSP price data.<\/p>\n

About Bloomberg Terminal:<\/strong><\/p>\n

For more than four decades, the Bloomberg Terminal has revolutionized the financial services industry by bringing transparency and innovation to the capital markets. Trusted by the world\u2019s most influential decision-makers, the Terminal provides real-time access to news, data, insights and trading tools that help our customers turn knowledge into action.<\/p>\n

About General Index<\/strong><\/p>\n

General Index brings robust, reliable price transparency to global markets. As the world\u2019s first technology-led benchmark provider, General Index\u202faggregates trade data to build a full view of market activity, and then applies\u202falgorithmic\u202findex methodologies\u202fconsistently, accurately and without subjective judgement.\u202fGeneral Index is authorized by the UK\u2019s Financial Conduct Authority (FCA) as a benchmark administrator and complies with EU and UK Benchmark Regulation.<\/p>\n

For more information on General Index, visit general-index.com<\/a><\/p>\n

About Bloomberg<\/strong><\/p>\n

Bloomberg is a global leader in business and financial information, delivering trusted data, news, and insights that bring transparency, efficiency, and fairness to markets. The company helps connect influential communities across the global financial ecosystem via reliable technology solutions that enable our customers to make more informed decisions and foster better collaboration. For more information, visit Bloomberg.com\/company<\/a> or request a demo<\/a>.<\/p>\n

Media Contacts<\/strong>
\nRobert Madden, rmadden29@bloomberg.net<\/a>, +1 (646) 807-2213<\/p>\n

Andrew Wheeler, awheeler@general-index.com<\/a>, +44 (0) 759 0587377<\/p>\n\n<\/div>\n\n\n<\/div>\n\n\t\t\n\t<\/div>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"

Bloomberg and General Index (GX) expand of their strategic collaboration which builds on the foundational commodities market information available via Bloomberg Spot Oil {BOIL}.<\/p>\n","protected":false},"featured_media":34341,"template":"","format":"standard","categories":[1469],"press_tag":[91,94,108,112,344,2131,97,1347,2135,2134,79,431,2133,2132],"class_list":["post-34585","press","type-press","status-publish","format-standard","has-post-thumbnail","hentry","category-announcements","press_tag-benchmarks","press_tag-bloomberg","press_tag-bloomberg-news","press_tag-bloomberg-terminal","press_tag-commodities","press_tag-commodity","press_tag-data","press_tag-enterprise-data","press_tag-general-index","press_tag-oil","press_tag-press-announcements","press_tag-pricing","press_tag-refined","press_tag-spot-oil"],"yoast_head":"\nBloomberg and General Index Expand Strategic Collaboration for Commodities Market Information | Press | Bloomberg LP<\/title>\n<meta name=\"description\" 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