An economic trading information provider will release a major new online tool to improve transparency in the oil markets in the summer of this year.
The Platts eWindow provides customers will real-time information about the ebbs and flows of the oil market and aims to improve the transparency and efficiency of the company's Market-on-Close (MOC) price assessment process.
It features a tabular screen layout and facilitates a real-time view of market activity and can be customised to adhere to individual users' demands.
"As the number of participants and volume of market activity in our MOC processes have grown, participants have asked Platts to implement technology that would provide faster and better communications systems to our editors.
"We believe that Platts eWindow, by harnessing a widely-used and leading-edge technology, represents a significant operational upgrade to our current system."
Initially the tool will be aimed at traders in Singapore for use in the Asian crude oil markets but will be released to other regions later in 2007.
