EOX Readies Near-Real-Time OTCGH Data

EOX currently delivers aggregated historical trade data and indicative bids and offers for products brokered by OTCGH—covering 73 natural gas basis locations, 47 power locations and 26 natural gas implied volatility locations, 13 power implied volatility locations, 14 gas power correlation locations and 13 natural gas liquids (NGL) products—via an end-of-day FTP file download.

However, this quarter, the vendor plans to make its data available at five-minute intervals, after receiving demand from risk managers for more frequent updates to support their intra-day risk management calculations, says Jeff Shipp, director of sales and marketing at EOX.

“Typically, risk managers have always been one step behind… [because they are performing] VAR (value-at-risk) and P&L calculations at the end of the day, or the day after trades have been made. But now they are able to be more proactive and do intraday risk management, so they need as much information as possible,” Shipp says. “It’s all about risk managers wanting to be ahead of the curve for the first time.”

The five-minute updates, which are aggregated in a central electronic database, will continue to be delivered to customers via FTP, Shipp says. The vendor is now actively seeking clients to take part in a beta testing phase to ensure all feeds are being delivered correctly, he adds.

Separately in the last month, EOX closed a redistribution deal with energy and commodities data provider Telvent DTN to make its OTC data available on DTN’s ProphetX data workstation.

EOX will deliver the data via end-of-day daily FTP file download to users of DTN’s workstation, which is used primarily by commodities and energy traders and investors.

“We partner with loads of data vendors as redistributors because that’s how our clients prefer to consume the data,” Shipp says. “This deal came about because we have a great deal of energy companies in common [as clients].”

EOX is providing DTN with data including its most recent market data products—natural gas liquids forwards curves and electricity forward curves, which the vendor announced in October and November respectively—and which Shipp says EOX is making available at a competitive price point.

“In the past, data has largely been overpriced. Oftentimes, when people don’t want you coming into their office  it’s because they are afraid you will audit them to charge more, and that’s ridiculous… so we want to help people out with their data needs as necessary,” Shipp says.