Marketview, McGraw-Hill's Platt's Global Alert Team Up For First Energy Market Real-Time Charting Package

The first real-time technical charting software for the energy markets is being introduced by McGraw-Hill's Platt's Global Alert and Marketview Software, Inc. Marketview has also unveiled its first cash market product, designed for use with data from Security Pacific Market Information.

Real-time analytics have never been available in the energy markets, says Platt's Mike Buryk. The Marketview software will allow users of the Global Alert broadcast datastream to compute spreads between Platt's cash prices and futures prices from the International Petroleum Exchange and New York Mercantile Exchange.

In addition, historical futures data and historical Platt's data from McGraw-Hill's Data Resources, Inc. unit will be released on floppy disk for integration under Marketview, according to Russ Warner, Marketview vice president. The Platt's/Marketview service will cost about $15,000/year.

Marketview's other new release is its first charting package for the money markets. Designed for use with SPMI's data, the software allows charting of spreads between cash and futures in treasuries, mortgage-backed securities, and foreign exchange, says Warner. He adds that unlike Compu Trac's SPMI implementation -- soon also to be Telerate's Tele-trac -- Marketview software does not require polling for screen updates. Charts are updated dynamically by the data, he says.