Quandl and Nasdaq’s Marex Announce Exclusive Data Partnerships – Release Speculative Position on Daily Commodities | national
NEW YORK & LONDON – (BUSINESS WIRE) – June 29, 2021–
Quandl of Nasdaq, a leading provider of alternative and core financial data, today announced an exclusive and innovative data partnership with UK commodities financial services firm Marex. The first of several products the two organizations will launch is a new dataset that tracks daily aggregate holdings in the global commodities market – Marex Daily Speculative Positioning (MDSP).
The MDSP will be offered daily, providing traders with faster information compared to the weekly reports the industry has historically relied on. The new data product will allow traders, corporate users and other fund managers to monitor movements in agriculture, metals, energy commodities and more.
As one of the largest commodity brokers in the world, with an extensive data and analytics team, Marex is uniquely positioned to provide insight into the behavior of various commodity markets. Nasdaq’s Quandl provides alternative data expertise to help clients use MDSP to understand the balance of market participants for 40 commodities.
“Marex is the perfect partner to co-launch a suite of new commodity products,” said Bill Dague, head of alternative data at Nasdaq. “The combination of Marex’s industry expertise and the powerful Nasdaq data platform will deliver the clearest picture to date in the global commodities market, where demand for alternative data is high but demand for alternative data is high. quality supply is still limited. From the launch of MDSP, physical and financial traders will glean a truer and more unified picture of whether participants are bullish or bearish. “
“The rise of algorithmic traders over the past decade has made it increasingly difficult for market participants to decipher commodity markets,” said Guy Wolf, Global Head of Market Analysis at Marex. “By using our speculative positioning data, clients can gain an extraordinary advantage. level of knowledge of the main commodity markets, showing where they are at all times. Through our partnership with Nasdaq, we are able to bring this information in a streamlined and actionable format to an even larger and more diverse group of investors and businesses. “
Several other products, covering metal movements, news analysis and market behavior, are expected to launch by the third quarter.
To learn more about the MDSP or for a sample, please contact us here.
About Nasdaq’s Quandl
Nasdaq’s Quandl is the largest provider and pioneer of alternative data for financial professionals. The company finds, evaluates and produces undiscovered data assets, transforming them into quantified and actionable intelligence. With a client base that includes the world’s best hedge funds, asset managers and investment banks, Nasdaq’s Quandl provides financial, economic and alternative data to more than 600,000 analysts around the world. Learn more at www.quandl.com and www.nasdaq.com/solutions/alternative-data.
About the Nasdaq
Nasdaq® (Nasdaq: NDAQ®) is a global technology company serving capital markets and other industries. Our diverse offering of data, analytics, software and services empowers clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, Twitter @Nasdaq or www.nasdaq.com.
Nasdaq® is a registered trademark of Nasdaq, Inc. The information contained above is provided for informational and educational purposes only, and nothing in this document should be construed as investment advice, whether in the name of any security. individual or overall investment strategy. Neither Nasdaq, Inc. nor any of its affiliates make any recommendation to buy or sell any securities or make any statement regarding the financial condition of any company. Statements about companies listed on the Nasdaq or proprietary Nasdaq indices are not guarantees of future performance. Actual results may differ materially from those expressed or implied. Past performance does not represent future results. Investors should undertake their own due diligence and carefully assess companies before investing. THE ADVICE OF A SECURITIES PROFESSIONAL IS STRONGLY RECOMMENDED.
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Marex is a technology provider of critical liquidity and market infrastructure associated with participants in global commodities and capital markets.
The company offers comprehensive and in-depth coverage through four core services: market making, trade coverage (both on exchange execution and clearing and over-the-counter derivatives), price discovery and data / advice. It has a leading franchise in many major metals, energy and agriculture products, executing approximately 35 million transactions and closing over 175 million contracts in 2020. The company provides access to all major commodity markets around the world, covering a wide range of customers, including the largest commodity producers, consumers and traders, banks, hedge funds and asset managers.
The Group was created in 2005, but through its subsidiaries, its roots go back almost 100 years to the commodity markets. Based in London with 19 offices around the world, the group has over 1,000 employees in Europe, Asia and America.
For more information, visit www.marex.com
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CONTACT: Prosek partners for Quandl from Nasdaq
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PUB: 06/29/2021 07: 00 / DISC: 06/29/2021 07:02
Copyright Business Wire 2021.