Pivot Launches Instant Markets for OTC Natural Gas Market

Pivot Inc. is launching Instant Markets for the OTC natural gas market, the company announced today. Instant Markets allows users to find, publish and manage market liquidity automatically in the less structured conversational markets without altering existing workflow and relationships.

“The OTC physical and derivative commodities markets are largely traded conversationally – using phone or simple instant message technologies. These markets offer the benefits of greater customization and personal involvement but are less scalable and trade slower than some listed markets,” said John H. Eley, CEO. “Pivot proactively addresses this gap by supporting these OTC markets’ unique needs while delivering the efficiency, control and scalability of electronic trading.”

Without Instant Markets, traders must search through individual instant messages for liquidity information and rekey data from one system to others. This automates the process and eliminates errors, risk and frustration and time spent manually managing liquidity, according to the release. Also, this enables buy and sell-side traders to maintain existing workflows and relationships while improving their performance.

Instant Markets allows traders to automatically identify and transform quotes embedded in instant messages into data. The offering includes a customizable Monitor to view and share data streams across the desks and the firm. Open access to APIs allows data to flow from Pivot to users’ analytical programs, risk management and trade capture systems as well as other back-office applications.

Instant Markets is immediately available in the OTC gas and weather markets and will be rolled out to additional commodities and securities markets later this year. The product includes the company’s communication and collaboration tools, Pivot 360 and Personal PivotCast.

Ivy is Editor-at-Large for Advanced Trading and Wall Street & Technology. Ivy is responsible for writing in-depth feature articles, daily blogs and news articles with a focus on automated trading in the capital markets. As an industry expert, Ivy has reported on a myriad ... View Full Bio