globalORE

globalORE is rated 3 out of 5 in the category international trade and development. Read and write reviews about globalORE. Founded and utilised by global industry leaders from the mining, steel manufacturing and physical commodity trading sectors, globalORE is a multilateral digital OTC marketplace for physical B2B industrial raw materials trading and price discovery. Our ‘best in class’ technology, pre-defined trading terms and market rules enable disparate buyers and sellers to come together remotely to trade via a centralised firm executable environment that facilitates real-time multilateral competitive tension and robust market-tested price discovery in a way not easily replicable via traditional bilateral sales/procurement channels or inter-dealer brokers. Our aim is to be the missing piece of the puzzle that improves confidence in the physical representativeness and robustness of commodity price indices amongst and between physical market participants, index publishers and regulators. For parties who transact via globalORE, transparency and broad contestability gives confidence that prices struck are fair and reasonable, and practically won’t deviate greatly from commodity price benchmarks underpinning long-term supply contracts. Similarly, for people not active in the physical ‘spot’ market, or who transact further up or down the industrial value chain, greater transparency and comparability of key raw material prices aids ability to conduct business with confidence. As speculative interest in globally traded commodities intensifies, we fill a gap between: (i) hugely liquid, highly standardised and volatile commodity futures markets; (ii) traditional opaque bilateral raw materials contracting practices; and (ii) journalistic commodity Price Reporting Agencies, who traditionally ‘ring around’ markets surveying participants subjective views and trying to capture and verify as much bilateral transaction information as possible to feed into their methodologies. globalORE data routinely underpins many of today’s most widely referenced north Asian iron ore price benchmarks.