We're delighted to announce that General Index (GX) energy benchmarks are now available through FactSet, bringing 42 crude oil, refined product, ethanol, and hydrogen prices to users across the global financial industry.
FactSet is a global financial digital platform and enterprise solutions provider with a focus on creating flexible, open data and software solutions that support a global client base of more than 218,000 users – including a long list of banks, hedge funds, asset managers, and private equity firms.
The integration of GX data into FactSet's platform brings a host of advantages to users:
- Breadth and depth of coverage - FactSet users can access daily spot and forward prices for key crude oil and refined product benchmarks across multiple geographies, empowering better decision-making in volatile markets.
- Enhanced modelling capabilities - GX prices can be accessed using FactSet’s Workstation platform or by using FactSet’s proprietary Excel add-in, enabling users to refresh their models on demand.
- Transparent pricing methodology - FactSet users will have access to reliable, transparent crude oil and refined product pricing data backed up with detailed factsheets from GX outlining its methodology.
The initial launch of GX prices includes benchmarks within hydrogen, North American & European crude, Asia LPG and refined Products markets.
“At General Index, we are always looking for ways to bring greater transparency and innovation to the markets we serve. FactSet’s reputation as a leader in financial analytics and their focus on delivering value to commodities professionals align perfectly with our mission. This partnership will empower FactSet’s users with reliable and robust energy prices.”
Neil Bradford, CEO, General Index
“By enhancing our oil and gas sector coverage with General Index’s robust pricing data, FactSet can deliver unparalleled transparency and depth to our clients. This collaboration will significantly bolster clients’ decision-making capabilities so that they have access to critical information as they navigate the complexities of the energy market.”
John Costigan, Chief Data Officer, FactSet
About General Index
General Index (GX) delivers commodity prices based on data, not journalism. Their daily energy prices are calculated algorithmically based on thousands of trades collated from 170+ data partners, using consistent methodologies and a compliant approach (aligned with IOSCO and EU/UK Benchmark Regulation requirements).
GX produces ~4,000 daily prices in crude oil, refined products, biofuels, marine fuels, hydrogen and carbon markets, and pride themselves on being the most customer-centric pricing provider in the industry – delivering more fair, competitive and efficient benchmarks.
About FactSet
FactSet (NYSE:FDS | NASDAQ:FDS) helps the financial community to see more, think bigger, and work better. Our digital platform and enterprise solutions deliver financial data, analytics, and open technology to more than 8,200 global clients, including over 218,000 individual users. Clients across the buy-side and sell-side, as well as wealth managers, private equity firms, and corporations, achieve more every day with our comprehensive and connected content, flexible next-generation workflow solutions, and client-centric specialized support. As a member of the S&P 500, we are committed to sustainable growth and have been recognized among the Best Places to Work in 2023 by Glassdoor as a Glassdoor Employees’ Choice Award winner. Learn more at www.factset.com and follow us on X and LinkedIn.
