ICE, Platts Expand Natural Gas Pricing Alliance
Platts officials say incorporating data from ICE will expand the percentage of natural gas markets reflected in its prices.
ICE will provide anonymized data on daily and monthly physical natural gas trades to Platts for the vendor to use as inputs to its physical market price assessment process, increasing the number of trades, volume of natural gas represented, and number of market participants reflected in Platts' prices.
In return, after a transition period, Platts will provide ICE with exclusive rights to use the vendor's gas benchmarks in its clearing and settlement process.
"This... agreement with ICE will
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