IntercontinentalExchange (NYSE: ICE), the leading electronic energy marketplace and soft commodity exchange, today announced that it has entered into an agreement with PVM Oil Associates Ltd (PVM) for the provision of daily oil market commentary and market information to ICE customers. PVM is the leading independent broker of OTC oil instruments and the largest execution-only broker of ICE Futures oil contracts. The agreement will allow customers to access a complement of oil market information designed for active market users, including commentary on oil fundamentals, technical analysis and price data for both futures and over-the-counter (OTC) markets.
PVM’s daily oil market reports have previously been available only to its OTC and futures customers. As of today, ICE’s registered proprietary traders will have access to this added-value content on a free-trial basis for three months. The new Trader Pack, comprises three unique reports:- PVM Technical Report – daily technical analysis by Robin Bieber, widely read and regarded as a leading technical report writer in the oil markets. Available from 8:30 a.m. London time, the report is considered by many to be essential reading for oil market participants.
- PVM Fundamental Report – daily global oil market analysis and unique commentary with an interpretation of news, views and events. The report offers insights into oil trading, analyzes the pressure points of supply and demand, assesses the impact of geopolitical events and challenges conventional wisdom. The lead writers are David Hufton and Philip Wiper, both long-serving oil industry professionals.
- PVM Mid-day Report – an update from market professionals on the technical picture plus a fresh round-up of oil headlines. The report summarizes the London morning’s activity on ICE (both Crude and Gas Oil) and OTC crude markets such as Brent/WTI, CFDs, DFLs, Dubai and Urals, along with commentary on OTC gasoline and naphtha.
“PVM occupies a unique position in the oil space,” said ICE Chairman and CEO Jeffrey C. Sprecher. “Its strong presence in the OTC oil markets and ability to thrive within an electronic oil futures environment has secured it a leading role. The PVM reports bring insight from global oil market professionals, and we’re pleased to be able to offer this valuable information to our participants.”
“We’re strong believers in thorough knowledge of our markets and the provision of high quality information to our clients,” said David Hufton, Chairman of PVM. “We’ve tailored the Trader Pack to do just that. We want market users to be completely informed, not just with the latest news, but with analysis, interpretation and opinion. That may mean being controversial at times.”
