Denmark - Data services

Description

Currently, Ørsted receives EoD commodity price data from an aggregator which collects and provides Ørsted with commodity prices from a range of data providers, such as ICIS Heren, Argus, Platts, Nasdaq OMX, ICE, EEX, PVM etc. With this tender Ørsted is looking for a provider, who can obtain and distribute price data to Ørsted. In addition, Ørsted may as an option purchase a curve modelling solution.
Currently, Ørsted receives EoD commodity price data from an aggregator which collects and provides Ørsted with commodity prices from a range of data providers, such as ICIS Heren, Argus, Platts, Nasdaq OMX, ICE, EEX, PVM etc. With this tender Ørsted is looking for a provider, who can obtain and distribute price data to Ørsted.The price data collected and distributed to Ørsted are for valuation of Ørsted’s trading portfolio, accounting across the entire group and various analytical purposes. Approximately 200 000 unique tickers from many different vendors need to be collected and distributed to Ørsted in one common format as soon as possible after data has become available from the vendor. In addition to collecting the data, they also need to be mapped and transferred to Ørsted’s internal database where it is enriched with master data.Ørsted’s internal database (named: PReP) is an Oracle on-premise database using Oracle Data Integrator as the data integration platform. Currently interfaces are REST APIs, sFTPs and flat files and database connections. Data from current aggregator is currently mapped in various ways utilising a combination of tickers from the underlying vendor/exchange, the aggregator’s unique identifier and business logic to map and enrich data. Appendix 1B.1., sheet data coverage, Column B-I show parts of the enrichment of master data today. In addition, it is also enriched with delivery periods, unique identifiers and other relevant descriptive data. It is part of the implementation project to ensure that mappings are either replaced or migrated such that data are still enriched with the same master data and flows into the internal database.The above data is used to model forward curves for valuing Ørsted’s commodity trading portfolio. As an option, Ørsted may purchase a module providing curvebuilder functionalities to perform modelling. Tenderer must provide an offer for a curvebuilder module, however, Ørsted reserves the right to choose whether to utilise this option.

Opportunity closing date

10 May 2021

Value of contract

£100k-1m