Louisville, KY, Feb. 28, 2019 (GLOBE NEWSWIRE) -- This month, Genscape, the world’s leading provider of real-time data and intelligence for commodity and energy markets, launched the Data API Service, their next generation of data delivery. With this service, clients can quickly integrate Genscape data into existing workflows and processes, or easily combine with their favorite business intelligence toolset. Genscape’s Data API launch significantly improves data accessibility for market participants. Rather than wait for alerts, reports, or other insight sources, the API provides real-time information as it’s needed, allowing users to analyze and trade on data faster and more reliably.
“This is a pretty big deal for our customers,” said Todd Boes, Chief Product Officer. “We let clients’ needs steer Genscape’s innovation, so we’re very excited to offer this new, client-driven functionality.”
In just a few weeks, the API already proved valuable for European power clients who used the platform for monitoring power congestion as it happened. With access to the new service, the client could see interconnector flows maxed out and then plan a market strategy to address an anticipated SPOT price increase. Historically, this type of information would lag, inhibiting market participants’ ability to act.
The service, currently available for oil and power customers, will continually add new datasets to allow even more customers to leverage the benefits of the Data API.
About Genscape
Founded in 1999, Genscape is a pioneer in real-time data delivery driven to improve market transparency and efficiency. Today, Genscape operates the world’s largest private network of in-field monitors and distributes industry-leading alternative data. Genscape delivers unsurpassed market intelligence across the commodity and energy spectrum including power, oil, natural gas, petrochemical and natural gas liquids, agriculture, biofuels, and maritime freight.