Platts eWindow Enhances Platts Market-on-Close Price Assessment Experience
Platts Editorial Window (eWindow), an online data-entry and communications tool, brings greater speed, transparency and efficiency to Platts’ price assessment processes in oil and petroleum-related products. Introduced in 2007, Platts eWindow is in use in more than a dozen price assessment processes worldwide.
Platts eWindow facilitates the price discovery process by combining Platts’ Market-on-Close (MOC) price assessment methodology with state-of-the-art technology customized for Platts and licensed from the IntercontinentalExchange (ICE).
With its at-a-glance, grid-like format, eWindow provides a clear view of all bids, offers and transaction data communicated to Platts editors during the MOC price assessment process. It also allows participants, at the click of a mouse, to directly submit and confirm deal information to Platts and the marketplace simultaneously.
In addition, the tool’s compatibility with ICE technology allows eWindow users to execute trades through ICE without leaving the Platts MOC price assessment process and environment.
Market Benefits of eWindow Technology:
Clarity & Transparency -- Orders data clearly, instantly visible to worldwide users
Efficiency & Data Management -- Allows traders and brokers to manage orders data directly; make quick price changes; and, indicate trading requirements
Transaction Links -- Without changing tools or exiting Platts MOC, provides ability to hedge via swaps or ICE Futures. Non-MOC tasks, such as trading, governed by execution vehicle ICE
Data Logging & Routing -- Via compatible technology, allows automatic back-office routing of trade confirmation data and logging of order changes
Counterparty Clarity -- Transparency allows participants to assess counterparty appropriateness
Platts eWindow also allows Platts editors to collect data on market activity more quickly and efficiently through an automated process; enhances the quality of Platts’ end-of-day assessments; and improves the MOC user experience. Platts MOC price assessment process in oil and petroleum products has served the market for about two decades, fostering transparency and integrity.
For More Information:
eWindow Helpline
ewindow@platts.com
+65 6530 6530 -- Singapore
+44 20 7176 6333 -- London
+1 713 655 2222 -- Houston