Davis Index, Metalmetre partner on global distribution agreement

Commodity price reporting agency Davis Index has entered into an exclusive agreement with Efektif Advisory Services to make real-time exchange data available through the Metalmetre fintech platform, according to a news release from Davis Index, Singapore.

Davis Index is a market price data and analysis provider to the global manufacturing supply chain, carrying six price reporting platforms in its portfolio. The firm also provides a market intelligence publication built solely for the metals recycling industry.

Davis Index publishes more than 1,300 proprietary price indexes for 46 countries. The company says it is the only platform to cover so many countries, providing local coverage of markets in the U.S., U.K., Bangladesh, Canada, Germany, India, Japan, Mexico, Pakistan, South Korea, Spain and Vietnam.

Istanbul-based financial data distribution company Efektif Advisory Services launched Metalmetre in 2016 and has since built a large footprint in Europe for real-time metals market information, according to Davis Index. The platform provides feeds from major exchanges, including the London Metal Exchange, Chicago Mercantile Exchange and Shanghai Futures Exchange.

Through the agreement, Davis Index will provide its subscribers access to the Metalmetre platform for exchange data, currency and energy futures.

The Davis Index and Metalmetre teams have spent the last eight months on product development, according to the news release. The updated Metalmetre platform features real-time trend analysis, instant arbitrage and spreads analysis and custom-built valuation tools that allow market participants prompt views of the value of their materials.

“Our work with Efektiv on the Metalmetre platform this year has been a special experience,” Sean Davidson, Davis Index founder and CEO, says. “Our teams were fueled by a motivation to bring better technology and information tools to the metals industry. The partnership could not have gone any better. With the launch of this updated Metalmetre platform, we are giving the industry an opportunity to access critical market information at an extremely affordable price.”

Melik Sah, CEO of Efektiv Advisory Services, says, "The information share that led to the development of our latest Metalmetre iteration has been a revelation, and we cannot wait to show their members the power and beautiful simplicity of getting exchange data through Metalmetre."

Davis Index provides price indexes for free-market physical base metals, steel, alloys and scrap metal that are not listed on exchanges but drive global trade, the company says. The service includes indexes for ferrous and nonferrous scrap, bulk and container freight and secondary alloys. For some specific countries, the service also indexes finished and semifinished steels. Each price index follows International Organization of Securities Commission compliance guidelines.

In contrast, the Metalmetre platform will carry every symbol listed on all major metals futures exchanges. Real-time feed prices being offered exclusively to Davis Index members start at $599 per year.