LeapRate's Daily Forex Industry Newsletter
Join now to receive first access to our EXCLUSIVE reports and updates.
Screenshot of a breaking news alert e-mail from Q2 2017
International provider of financial information services Markit Ltd (NASDAQ:MRKT) today announces that it has acquired an interest in UK-based commodity markets research and price reporting agency PRIMA.
PRIMA’s price assessment service provides impartial benchmarks for global niche markets in renewable commodities. PRIMA has designed its own unique competitive proprietary pricing software to eliminate some of the existing methodological flaws which can distort price assessments away from unbiased fair value (PRIMA Discovery).
Nathan Amery, head of commodities at Markit, said:
“Commodities producers, traders and consumers are demanding greater transparency in commodity benchmarks and more accountability from benchmark publishers. Utilising our deep benchmark expertise, Markit will help ensure that PRIMA is ideally positioned to provide an alternative to traditional oil and agricultural pricing resources.”
Matthew Stone, managing director at PRIMA, said:
“Commodities trading participants are eager for change and renewal in benchmarking and research activities. We see this partnership as a tremendous opportunity to increase our pace and scope of growth across the commodities spectrum.”
You can view the full announcement by clicking here.
Latest research from Maria Nikolova (see all)
- TradingView adds one-click alerts and orders - May 19, 2016
- ICE to bring new funds rate futures contract to market in late 2016 - May 19, 2016
- LCH’s SwapClear compresses more than $1 quadrillion of cleared notional - May 19, 2016
- Darwinex launches new feature allowing traders to hide strategies - May 19, 2016