NEW YORK, April 10 /CNW/ -- Platts, the world's leading energy
information provider and a division of The McGraw-Hill Companies (NYSE: MHP),
today said it would launch Platts Editorial Window (eWindow), an online tool
that will improve the transparency, efficiency and user experience of Platts'
Market-on-Close (MOC) price-assessment process. For more than a decade, Platts
MOC has been well recognized for its reporting of daily price benchmarks in
the global oil markets.
With eWindow, Platts will provide customers of its real-time oil
information service, Platts Global Alert (PGA), with an innovative online tool
that will significantly improve trading participants' ability to communicate
with Platts editors during the daily MOC oil price-assessment window. The
tabular screen layout facilitates a real-time view of market activity and
counterparty transparency and provides for easy screen customization. MOC
participants may submit bids and offers directly to eWindow, which will allow
all market participants to instantly view and respond to that information.
Automated controls as well as Platts editorial oversight will ensure full
conformance with the Platts MOC price-assessment guidelines and procedures.
Technology for eWindow has been customized for Platts under a license
agreement with IntercontinentalExchange (NYSE: ICE), which operates the
leading electronic trading platform of global futures and over the counter
(OTC) energy markets.
"For nearly a century, Platts has served the needs of the energy industry
by enabling transparent and efficient energy markets," said Victoria Chu Pao,
President of Platts. "As the number of participants and volume of market
activity in our MOC processes have grown, participants have asked Platts to
implement technology that would provide faster and better communications
systems to our editors. We believe that Platts eWindow, by harnessing a
widely-used and leading-edge technology, represents a significant operational
upgrade to our current system."
"Platts eWindow takes data gathering and transparency in the Platts MOC
assessment process to the next level," said Dan Tanz, Vice President of Platts
Editorial. "The automated data-entry platform will provide improved visibility
of market activity and faster communications between market participants and
Platts editors. While our MOC process will continue to support other
communications channels such as phone and instant messaging to Platts editors,
we believe the benefits of online participation via eWindow will be compelling
to traders and brokers alike."
Platts eWindow will be available initially to PGA customers in Singapore
for use in the Asian crude oil markets beginning in the summer of 2007.
Introduction of the operational upgrade to other Asian oil markets and other
regions are planned during the year.
Platts, a division of The McGraw-Hill Companies (NYSE: MHP), is a leading
global provider of energy and metals information and a top supplier of
benchmark prices in the physical markets. With nearly a century of business
experience, Platts serves customers across more than 150 countries. From 14
offices worldwide, Platts serves the oil, natural gas, electricity, nuclear
power, coal, petrochemical and metals markets. Platts' real time news,
pricing, analytical services, and conferences help markets operate with
transparency and efficiency. Traders, risk managers, analysts, and industry
leaders depend upon Platts to help them make better trading and investment
decisions. Additional information is available at http://www.platts.com.
About The McGraw-Hill Companies:
Founded in 1888, The McGraw-Hill Companies (NYSE: MHP) is a leading
global information services provider meeting worldwide needs in the financial
services, education and business information markets through leading brands
such as Standard & Poor's, McGraw-Hill Education, BusinessWeek and J.D. Power
and Associates. The Corporation has more than 280 offices in 40 countries.
Sales in 2006 were $6.3 billion. Additional information is available at
For further information:
For further information: Kathleen Tanzy, +1-212-904-2860,
Kathleen_tanzy@platts.com, Europe, Dan Tanz, +44 20 7176 6170,
Dan_tanz@platts.com, Asia, John Ho, + 65 65306595, John_ho@platts.com Web
Site: http://www.mcgraw-hill.com http://www.platts.com