Aspect Enterprise Solutions Enhances Market Data And Analytics Portal With Marine Bunker Exchange Spot Prices

7 December 2011

AspectDSC, the real-time market information decision support center for oil, metals, agriculture and other commodities traders now offers Marine Bunker Exchange (MABUX) data thus extending its range of features to marine bunker industry professionals. AspectDSC is a product offering by Aspect Enterprise Solutions, a leading global provider of multi-commodity, data, trading and risk management (ETRM/CTRM) solutions delivered in the Cloud.

As part of Aspect’s ongoing commitment to continuous improvement of its solutions in response to new market and customer requirements, MABUX has been released to AspectDSC, which is widely deployed on desktop, Apple® iPhone®, Blackberry® and a vast range of other mobile devices used by global traders, brokerage companies and financial institutions as well as commodity producers, processors and dealers.

MABUX data for the spot bunker market covers over 350 major global ports with daily updates on indications as well as intraday futures based prices. These prices are available throughout the day, and historically for export, charting and analysis. MABUX spot prices combined with futures exchange prices, give market participants critical knowledge as to what’s happening in the oil market, what direction prices are headed. This is important for improving timing for buying or selling marine products such as gasoil and fuel oil. MABUX prices are updated continuously through the day, and available to AspectDSC subscribers.

“We are excited to partner with a market leader like Aspect who is actively offering clients added data choices and pricing transparency. Our coverage provides a differentiating edge for traders in marine bunker markets to help lower costs, enhance trade performance and be more prepared in a volatile market,” commented Carl-Johan Garsten, Managing Director, MABUX.

Steve Hughes, Aspect President and CEO, commented, “The inclusion of Marine Bunker Exchange is especially relevant to our customer base who can now have access to marine bunker fuel spot trading prices from over 350 ports worldwide – all through a single interface that can be customized to their exact needs.” He went on to say, “This further strengthens our bunker offering which includes our AspectCTRM Bunker Module which integrates with AspectDSC.”

AspectDSC brings together real-time and historical spot and futures prices and news from the most trusted market sources including Platts, CME Group, ICE, Dow Jones and others. Users can leverage these data sources with decision support tools found in AspectDSC to make quicker, more informed minute-by-minute financial decisions in fast-moving commodities.

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