June 1, 2017 | Every day, energy market professionals require access to breaking news and information to make rapid decisions that impact their infrastructure, supply chain, assets, investments and their position within the industry as a whole.
To meet the growing need for differentiated real-time information, we’re excited to work with Intercontinental Exchange (NYSE: ICE) to deliver customized Dataminr alerts for energy professionals directly into ICE Instant Messaging (IM), the messaging application available in ICE Connect. Designed to work with the trading community, ICE IM offers broad distribution that allows customers to communicate with other global market participants in a secure, reliable environment.
Through this integration, Dataminr’s powerful algorithms provide energy professionals with market-moving information from on-the-ground sources as well as more traditional outlets including: international government agencies, researchers, analysts, traders and news publications all in real time. With this information, ICE’s customers will have more tools to reduce the time between action and reaction, and to make more informed decisions when unexpected events occur.
“Market participants across the energy space are turning to alternative data streams to make key investment and business decisions, and as a way to augment their existing market information sources,” said Lynn Martin, President and COO at ICE Data Services. “As we expand the data sets we offer our customers, sources like Dataminr help us leverage the power of social media while delivering a comprehensive customer solution through workflow integration.”
Dataminr’s alerts offer energy market professionals a significant time advantage when compared with more traditional news outlets. Recently, Dataminr alerted clients to a terrorist related explosion at the Kirkuk-Ceyhan Oil pipeline in Iraq. This 600-mile long pipeline allows for the export of oil from Taq Taq and Tawke oil fields with a capacity of 150,000 barrels per day, making it the largest crude oil export line in the country. Dataminr clients were alerted to this market-moving event over an hour before major news sources ran the headline.
“We’re excited to work with such a progressive company that’s truly leading the way in instant messaging communication for energy professionals,” said Steven Schwartz, President, Commercial Markets, Dataminr. “There is tremendous value in alternative data in the energy sector, and by working with ICE IM we can ensure energy professionals have the insights they need to make critical decisions.”
Dataminr is also creating an opportunity for energy professionals to access a universe of content by sourcing insights from global industry events through its conference and live events functionality. Now, energy professionals don’t have to travel the world attending every conference to learn key insights shared during speeches, presentations and panel discussions.