Thomson Reuters today announced that it has added a tool to monitor and display the flow of commodities along the physical supply chain on its flagship desktop, Thomson Reuters Eikon.
The new tool, Commodity Flows, provides commodity market professionals with an innovative assessment tool to track the global movement of oil assets in real-time and forecast the influence of important impact factors upon supply, demand and market prices.
Oil flow data has historically been available via a number of sources, requiring financial professionals to compile various data points to obtain a complete picture of oil flows around the globe. Commodities markets participants are increasingly looking for a complete picture of the flow of oil assets in order to better monitor key predictive indicators and their effects on prices.
Commodity Flows provides a single database of individual oil cargoes, incorporating information from vessel tracking, fixtures, tenders and port inspection to provide an assessment of the forward and historical movement of a commodity into a particular port or trading hub. Customers can view the aggregated assessment provided by Thomson Reuters team of analysts or build their own commodity flow models. Commodity Flows models can be exported to Microsoft Excel or viewed in real-time using advanced map imagery available in Interactive Map in Eikon, enabling customers to view the data in the way that best suits their needs. Thomson Reuters plans to add flow data for additional commodities to the Commodity Flows monitoring tool over time.
"Commodity Flows in Eikon has achieved over 90% accuracy for its monthly forward projections of crude oil imports into China, as compared to actual Chinese government customs data," said Shaun Sibley, managing director, commodities, Thomson Reuters. "With Thomson Reuters Eikon, we are providing commodities markets professionals with the real-time actionable insight they need to make more efficient and better-informed trading decisions."
Thomson Reuters Eikon has been designed to provide a powerful and intuitive next-generation solution for consuming real-time and historical data, connecting with the financial markets community and executing financial markets transactions across asset classes such as foreign exchange (FX), fixed income, commodities, equities and derivatives. It realizes Thomson Reuters vision for a financial markets desktop that is connected, informed, intelligent and open and provides access to a messaging community of over 200,000 financial professionals.