Herrington Global Market Data to supply energy and commodities data to Chinese iron and steel producer.
Quarry Bay, Hong Kong -- (SBWIRE) -- 11/21/2013 -- Herrington Global Market Data, a division of Herrington Global announced today that it has signed a new three year agreement with Steelex Trob. Herrington Global will continue to supply the Chinese iron and steel producer with European power, coal, gas and emissions market data.
Steelex Trob uses the data provided by Herrington Global to monitor developments in the energy markets. A transparent view assists the iron and steel producer in price discovery, ensures a high level of efficiency and brings value to the procurement business.
Reinhard Wu-Chang, Head Trader at Steelex Trob commented: “We are very pleased with our relationship with Herrington Global and have, therefore, decided to renew our agreement with them. Herrington Global data is highly valuable to us because of its depth of liquidity providing access to qualitative pricing which allows us to reduce our costs when purchasing energy”.
“We are committed to our relationship with Steelex Trob. We strive to provide them with an independent and comprehensive view of the energy markets. Our data derives from our highly experienced brokers as well as from our premier electronic trading screen for energy and commodities in Asia, Energy Mix® Asia” said Glen Buckley, Executive Vice President and President of the Asian Markets for Herrington Global.
The company Steelex Trob was established in 1992. It was the beginning of a comprehensive modernization of the steel production begun at the start of the century. The company produces a huge range of IPE and HE sections, channels and UPE-sections and steel sleepers. In all more than 200 sections are produced according to different national and international standards.
Through Herrington Global’s energy and commodities electronic trading platform for Asia, Herrington Global Market Data provides a comprehensive view of executable and executed prices in the Power, Gas, Emissions, Coal and Freight markets.
About Herrington Global
Herrington Global is a leading provider of advisory services and technology-based financial services to retail investors, traders and independent registered investment advisors (“RIAs”). We provide our services predominantly through the Internet, international partnerships networks and relationships with RIAs. We believe that our services appeal to a broad market of independent, value-conscious retail investors, traders, financial planners and institutions.
For Additional Information Visit the Website at: herrington-global.com
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