Energy Price Reporting Organisations Unveil Draft Self-Regulatory Code

LONDON and NEW YORK, April 30, 2012 -- Three independent publishers of information for the physical commodity markets — Argus Media (Argus), ICIS and Platts — today announced the launch of a draft Price Reporting Code for Independent Price Reporting Organisations (the IPRO Code) and their interest in obtaining feedback on the Code from energy market participants, other commodities information publishers and stakeholders.

ICIS reiterates its commitment to a Price Reporting Code

Read the full announcement here

Read the draft price reporting code here

Read ICIS’ response to IOSCO’s consultation document on the functioning and oversight of crude oil price-reporting services

Send your comments about the proposed code to:iprocode@icis.com

About ICIS

ICIS is the world's largest petrochemical market information provider, and has fast-growing energy and fertilizer divisions.

Our aim is to give companies in global commodities markets a competitive advantage by delivering trusted pricing data, high-value news, analysis and independent consulting, enabling them to make better-informed trading and planning decisions.

With a global staff of more than 550, ICIS has people based in Houston, Washington, New York, London, Montpellier, Dusseldorf, Milan, Mumbai, Singapore, Guangzhou, Beijing, Shanghai and Perth. The team covers over 120 commodity markets and has in-depth knowledge across markets in upstream and downstream sectors in Europe, Africa, the Middle East, Asia-Pacific and the Americas.