Selerity and Genscape team on ‘high frequency’ oil trading

Airborne infrared spycam plugs Cushing tank levels into Wall Street’s programmed trading.

Real time financial services data specialist Selerity is to distribute Genscape’s Cushing Oil Storage Report over a low-latency feed to electronic trading markets. The offering targets ‘sophisticated, technology-centric investors engaged in the energy markets.’ Such users blend assessment of economic conditions with raw energy consumption data to guide algorithmic and high-frequency trades.

Subscribers gain programmatic access to the bi-weekly Genscape report that provides precise measurements of crude oil in storage at the Cushing, Okla., facility, the physical delivery point for the Chicago Mercantile Exchange light crude futures contracts. Genscape gathers its readings each Tuesday and Friday by flying over the facility and using sophisticated infrared technology to measure the capacity in every storage tank. The data is then delivered over Selerity’s real-time low-latency network to electronic trading firms every Monday and Thursday. Data is available in all of Selerity’s co-location points of presence at Chicago, New York and Frankfurt. More from Selerity.

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