Best market data provider (Broker)—Marex

Product overview—NEON Energy

Marex provides large numbers of energy professionals with market data: live, intraday and end-of-day updates across energy and related markets, including oil, refined products, gas, electricity, freight, petrochemicals and green markets. This year marks the company’s 25th year of providing market data, with several of its historical datasets now going back to 2000. Marex’s data is accessible either directly, through its market data platform, NEON Energy, or through third-party data vendors.

Secret sauce

Marex’s market data business stands out for its breadth of coverage, deep market expertise and its in-house-built platform, NEON Energy, developed specifically for energy data users and offering a customizable experience with drag-and-drop widgets, multiuser access, modular market add-ons, real-time price alerts and technical analysis tools. Combining technology with sector knowledge, Marex delivers a range of services for clients across the whole energy market spectrum.

Recent milestones

• Increased rollout and adoption of multiuser licenses, allowing firms to enhance cross-team collaboration with access to quality and timely market data across departments
• Launched multiple new datasets, including European gas and power intraday curves, live global wet freight data and voluntary carbon market prices
• Enhanced integration capabilities, enabling a direct application programming interface, a secure file transfer protocol and Excel connectivity for streamlined data ingestion and analysis, making it easier for users to incorporate NEON Energy data into their proprietary models and systems.

Future objectives

Marex plans to:

• Expand artificial intelligence-powered market insights, exploring the use of AI to enhance energy market commentary and price analysis
• Introduce new datasets, including US power prices, liquefied natural gas (LNG) options and additional biofuels data to broaden NEON Energy’s offering and attract a wider range of users
• Enhance technical analysis features, providing users with advanced charting tools and analytics for better decision-making in volatile markets.

Why Marex won

Marex takes home the award for the Best market data provider (broker) category in the annual Inside Market Data & Inside Reference Data Awards thanks to its impressive NEON Energy platform. NEON Energy offers energy markets personnel a customizable experience with drag-and-drop widgets, multiuser access, modular market add-ons, real-time price alerts and technical analysis tools. Key to a provider’s success in any sector is its product road map and the extent to which it listens to the market and provides its users with the functionality they need to address their various market challenges. To that end, London-based Marex has its work cut out for the foreseeable future: it will expand its AI-powered market insights to enhance energy market commentary and price analysis; it is set to offer new datasets, including US power prices, LNG options and additional biofuels data; and it will refine the technical analysis features within NEON Energy, providing users with advanced charting tools and analytics for better decision-making in volatile markets. Congratulations, Marex, on your win and your outstanding entry into this year’s awards.