The globalCOAL data service will include both trading information from the globalCOAL Standard Coal System and the globalCOAL indices, both are calculated according to an open, rigid and mathematical methodology using both firm bids, offers and transactions based upon the Standard Coal Trading Agreement specification (SCoTA). The trading data will consist of premium information feeds for worldwide coal trading locations including ARA, Bolivar, Richard's Bay & Newcastle.
This service means that for the first time, end users will be able to access coal price information through their existing risk management package or news provider.
Suzanne Lock CMS WebView plc's Commercial Executive said: "CMS looks forward to the opportunity of playing its part in the evolution and development of this exciting new energy marketplace. We are delighted that globalCOAL recognises the benefits of utilising our comprehensive data management service."
James Ward, globalcoal's Finance Director commented: "globalCOAL is committed to offering increased coal and derivative trading opportunities to the energy marketplace. The service provided by CMS allows us to provide users and members with reliable market transparency through the international quote vendor community."
