COVERAGE NOTE: Fastmarkets RISI Introduces Data Submitter Policy

BRUSSELS, Jan 25, 2018 (PPI Global) – As part of our ongoing commitment to adapt IOSCO Principles for Oil Price Reporting Agencies and to implement the highest standards of price reporting, Fastmarkets RISI has launched a new Data Submitter Policy with effect from January 2018.

In its role as a benchmark provider, Fastmarkets RISI Indices supports the adoption and alignment to the IOSCO Principles for PRAs. The main objective of these principles is to ensure that the price discovery process is robust, consistent and transparent, and the prices produced are representative of the value of the underlying markets.

Fastmarkets RISI’s price discovery methodologies are based on data inputs collected from market participants. To ensure the price discovery process is robust, data quality is essential to maintain the integrity of an assessment process. This Data Submitter Policy provides participants with guidelines to ensure the high level of data quality and integrity that Fastmarkets RISI expects from each contributing organization providing pricing data.

To view Fastmarkets RISI’s Data Submitter Policy, please see here.

For more information on Fastmarkets RISI’s methodology and policies, please see here.

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