Marex Spectron, the global commodities broker and research house, has today announced a joint-venture with Earth-i, a leader and pioneer of ‘New Space’ technologies, to develop and distribute a range of unique analytical tools.
Working alongside Marex Spectron’s award winning Market Analytics division run by Dr Guy Wolf, the joint-venture will initially focus on the copper market, combining Earth-i’s very high-resolution satellite imagery and video analytics with Marex Spectron’s datasets to produce end-to-end analytics and insight products.
Earth-i is at the forefront of an era known as New Space, driven by commercial and governmental organisations wanting to use high-quality, timely images and video from space to improve investment and trading decisions, monitor their assets more cost effectively, track changes or activities in critical locations - and predict future events with more certainty.
Marex Spectron’s Nanolytics® product processes over 20 billion pieces of data each day to generate real-time measures of demand-supply balances in derivative markets. Having been in operation since 2012, it is a recognised leader in commodity derivative data analytics.
Dr Guy Wolf, Marex Spectron’s Global Head of Market Analytics, commented: “We are always assessing new ways to provide clients with additional insight into the metals world and this venture with Earth-i is a highly exciting development. Traders today are overwhelmed with data and information, so the challenge is how to filter and convert that into something relevant. Earth-i has access to a unique set of images and their expertise in image recognition technology makes them an ideal partner. The benefit of being able to provide real-time comparisons of the analysis from both the physical and derivative world is huge. We are delighted to be involved in the development of this product.”
In January Earth-i launched the VividX2 satellite, the technology prototype for its Vivid-i constellation. Vivid-i will be the first commercial constellation in the world able to provide full-colour, full-motion video monitoring patterns of life on Earth. In addition to video and still images from its VividX2 satellite, Earth-i sources still images from a range of satellites including the DMC3, KOMPSAT and SuperView Constellations.
Paul Majmader, Commercial Director for Earth-i said: ““This joint venture will deliver a valuable information product combining the timely delivery of analysed satellite imagery with a focus on clear and specific market indicators. These products will be designed to complement existing market information sources and add a new dimension to trading decisions”.
“Location-based data from space is the new frontier in big data analytics”, added John Linwood, CTO at Earth-i. “Combining our technology and expertise with Marex Spectron’s data and deep knowledge of the metals markets provides an outstanding opportunity to develop a truly unique, market-leading product.”
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Notes to Editors:
About Marex Spectron Group Limited
Marex Spectron is a leading global commodities brokerage, with significant market share of many major Agricultural, Metal and Energy products. Headquartered in London, Marex Spectron’s extensive international network covers Europe, Asia and North America markets.
State-of-the-art electronic and voice broking services facilitates all types of trading strategies. This is backed by decades of experience, with Marex Spectron placing great emphasis on intellectual knowledge and insight, alongside access to extensive data sets and the latest analytical tools.
Clients are commodity producers and consumers, banks, hedge funds, asset managers, brokers, commodity trading advisors and professional traders.
Global exchange memberships include, amongst others, the London Metal Exchange (LME), CME Group and ICE Group.
Marex Spectron is regulated in the UK by the FCA, in the US by the NFA and CFTC, in Hong Kong by the SFC, and in Singapore by the MAS.
About Earth-i Limited
Earth-i currently provides satellite imagery, data analysis and insights services from a range of Earth Observation (EO) satellites, including the DMC3 Constellation of three very high-resolution optical satellites and the KOMPSAT series of satellites, in addition to its own satellite VividX2 and the Vivid-i Constellation.
It has a wide range of customers globally including National and Local Governments and a multitude of specialist geospatial companies and other commercial organisations.
The launch of its own satellite constellation, Vivid-i, is a natural evolution of Earth-i’s existing and well-regarded image and EO analytics business and will enable it to meet the rapidly growing demand for high-resolution EO data, whilst pioneering high-frame rate image acquisition, ultra-high-definition colour video, and very high frequency re-visits.
Earth-i is headquartered in Surrey, UK, on Europe’s largest academic space campus near to many other UK space-related companies including Surrey Satellite Technology Ltd. (SSTL).
Videos and photos are available at http://earthi.space/colourvideofromspace