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New data tool for metals recycler

Commodity price reporting agency Davis Index is partnering with Efiktif Advisory Services to offer clients real-time exchange data available through the Metalmetre fintech platform.

Davis Index provides data and analysis for the global manufacturing supply chain, including the world’s only market intelligence publication built solely for the metals recycling industry. More than 1 300 proprietary price indexes are carried for 46 countries.

Istanbul-based financial data distribution company Efektif Advisory Services launched Metalmetre in 2016 for real-time metals market information across Europe.

Through their agreement, Davis Index subscribers will have exclusive access to Metalmetre for data, currency and energy futures.

The partners have spent the last eight months on product development and Davis Index founder and ceo Sean Davidson (top photo) says the work with Efektif has been ‘a special experience’.

‘Our teams were fueled by a motivation to bring better technology and information tools to the metals industry. With the launch of this updated Metalmetre platform, we are giving the industry an opportunity to access critical market information at an extremely affordable price.’

Melik Sah, ceo of Efektiv Advisory Services is excited by the partnership. ‘The information share that led to the development of our latest Metalmetre iteration has been a revelation and we cannot wait to show their members the power and beautiful simplicity of getting exchange data through Metalmetre.’

In November, Davis Index announced a new online platform for metal recyclers to access shipping rates and book freight shipments online in a partnership with Sealink International.

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