In 2019 Neural Alpha was commissioned to build a bespoke data platform for The Baltic Exchange which would become the base of all activities related to the publication of the Baltic Exchange’s financial benchmarks and derivatives. Additionally Neural Alpha developed a quality control system within BDP that is able to tackle the challenge of benchmark validation in a market with the unique challenges of ocean freight: unpredictable liquidity, extremely high volatility, and highly siloed market activity, with often restricted information. BDP deploys a battery of univariate and multivariate tests to be able to assess the contributors to The Baltic Exchange’s indices for quality, relevance, and conformity to expected standards.

Trase data estimates where a trader (and, by proxy, downstream companies that are customers of that trader) has significant exposure to a biome that is on a financial institutions’ exclusion list, subject to specific bank policy requirements (such as certification), or more broadly deemed an environmentally ‘sensitive’ location requiring more detailed screening.

In this webinar, Ben Levett discusses how to apply deforestation due diligence guidance and how Trase Finance data products can power commodity trader assessments.