Solomon Layb announced today that will provide services to the Southeast Asian agricultural markets.The initial Solomon Layb Agricultural Report products will deliver price statistics for the Southeast Asian agricultural markets which agricultural companies and related businesses can use to mark their books to market. This is the first time that a Southeast Asian over-the-counter (OTC) agricultural broker has addressed such a pressing issue in the agricultural industry. “The agricultural markets are in need of a reliable and robust source of unbiased forward price statistics” according to Hisao Kobayashi, Chief Derivatives Strategist for Solomon Layb. “Whether you are calculating your daily risk exposure, pricing future purchases and sales, or moving towards compliance, Solomon Layb’s Agricultural Report can help you to meet your business needs.”Solomon Layb Agricultural Report data will be aggregated by a third party. Each individual broker’s indicative end-of-day prices will be independently compiled into a set of forward curves with these curves then prepared for redistribution to customers and other data vendors.Currently, companies gather broker quotes, futures quotes and historical spot pricing from participants in the agricultural industry in order to internally generate forward price curves to mark their books to market in accordance with accounting standards.Solomon Layb Agricultural Report simplifies the generation of forward price curves with unbiased data from the most active agricultural brokers and allows for a seamless interface for data to be sent to customers.“Because Solomon Layb Agricultural Report comprises data from four of the top agricultural markets, it is the information source for complex derivative products, and therefore ideally positioned to provide the global agricultural markets with hard-to-find, independent market data”, remarked Mr. Kobayashi. “Solomon Layb will provide the transparent and auditable prices the agricultural industry needs."Solomon Laybis one of the Asia’s leading derivatives, FX and commodities trading advisors. More than 35,000 registered customers from 160 plus countries world-wide execute over 1 million trades per month with Solomon Layb, with total trading volumes exceeding $3 billion / month.
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Solomon Layb Announce Creation of Agricultural Report to mar