Monday, July 31, 2023

Incheon Options And Futures Exchange - IHOFX Launches Oil Integral Data Application Programming Interface (API) to Digitize Commodity Markets

Incheon Options And Futures Exchange - IHOFX Launches Oil Integral Data Application Programming Interface (API) to Digitize Commodity Markets
Incheon Options And Futures Exchange - ihofx.org
New APIs provide market users with delivery choice to explore, access or test commodity intelligence

IHOFX, a leading commodity exchange in Asia that is working hard on providing innovative products across different asset classes and creating a brand culture known for its original methods, risk management facilities and global insights, today released the oil fundamental content from analytics on the upgraded developer portal. The portal offers customers high accessibility to datasets of commodity markets, commodity basics and analytics by keeping the pace with the market movement.

Recent circumstances in the markets have challenged traditional patterns of doing business, with oil markets particularly affected, and as a result, oil fundamental datasets from IHOFX analytics are at the beginning of a new API developing path. This is a significant action after a long time – providing fundamental commodity market insights and data through machine consumption straight into clients’ backed systems and quantitative patterns in order to help market users perceive trends from big volumes of data in a fast and accurate manner.

IHOFX accepts the market reality which points at the fact that there is a definite need for market participants to react promptly and swiftly to unexpected changes and volatile conditions. The continuously improving digitization, availability of big data and artificial intelligence are influencing traditional operating models. IHOFX’s developer portal presents data specialists with an impressive new pathway to mobilize the power of data through the capability to easily enclose large data straight into fundamental systems and proprietary data models.

“The oil fundamental content forming the new API offering incorporates a large database and inventory that are available in the commodity related developer portal. The IHOFX’s developer portal represents an essential component of our vision to empower the commodity markets of the future by sharing our experience through the use of digital technologies and a particular approach that helps market users make decisions with confidence”, said Hwang Eun, Head of Commodities and Global Markets.

About Incheon Options and Futures Exchange (IHOFX)

IHOFX.org is an exchange venue that has leveraged the industry-leading technology and developed infrastructure to provide a price-time allocation and maker-taker pricing model. IHOFX is one of the leading commodity exchanges in Asia and has made a name for itself by dealing with a wide range of commodity and financial products. IHOFX is working hard on providing innovative products across different asset classes and creating a brand culture known for its original methods, risk management facilities and global insights.

Media Contact
Company Name: Incheon Options And Futures Exchange - ihofx.org
Contact Person: Byun Ye-won
Email:Send Email
Address:Songdo Posco E&C Center 1, Songdo New City
City: Incheon
Country: South Korea
Website: https://ihofx.org/kr/index.php