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Platts, a leading global provider of energy, metals, petrochemicals and agriculture information, topped the list of data and market information providers in quality and usefulness of data, according to the 2015 Energy Risk Magazine Software Rankings.
“To be singled out as providing the best quality and most useful data by hundreds of market information and data users is not only an honor, but a testament to the hard work of Platts’ data, content and product teams and our ongoing efforts to ensure good governance and rigorous price assessment processes,” said Martin Fraenkel, Platts chief content officer.
Topping competitors Bloomberg, Reuters, and Argus in the quality and usefulness of data category, Platts received a score of 24.9% in a survey including nearly 300 respondents. Platts took the number 2 spot in the categories of “broadest product coverage” and “ease of using the system,” the latter which it shared with Bloomberg.
Platts was recognized for its data and market information achievements Wednesday night in London at the 2015 Software Rankings and Awards gala hosted by Energy Risk Magazine. The magazine is published by Incisive Media, a global business-to-business information provider serving the financial and professional services markets.
The Rankings are the result of an annual survey conducted by Energy Risk, in which it asks energy trading firms to nominate their top energy trading, transaction and risk management (ETRM) vendors, implementation specialists, data vendors and data managers. The survey was conducted between December 2014 and January 2015. Some 10 data vendors were listed in the survey.
“Users appreciate Platts not only for the contributions its data brings to market transparency, but for being a true industry leader in best practices and standards setting,” said Peter Petkov, publisher of Energy Risk.
With its first-place position, Platts topped 9 other market data vendors. Platts also improved on its 2014 scores in each of the three categories.
For more information about Platts, its data products and services and price assessment methodologies, visit www.platts.com.
