Sparta’s crude vertical launch set for Q1 2024

[Geneva, November 13th, 2023] – We’re delighted to announce our next new vertical – Sparta for Crude – is on its way.

Scheduled for launch in Q1 2024, crude traders will finally have the opportunity to leverage Sparta, an all-encompassing intelligence and forecasting platform with an exclusive focus on the forward market, enabling you to anticipate and act on tradable opportunities ahead of the game.

SPARTA: IDENTIFYING THE GAP BETWEEN PRICE AND VALUE

For commodity traders who want to anticipate future pricing trends and seize opportunities, Sparta provides real-time, actionable market intelligence.

While other platforms offer only futures or focus solely on historical data, the Sparta platform takes a more comprehensive approach by integrating physical and paper markets. Sparta eliminates information barriers and provides easy access to global raw prices, including futures, swaps, forward freight, and physical premiums.

Sparta is designed to identify the gap between price and value, and crude traders can look forward to the same suite of features as their gasoline, distillate and naphtha counterparts, alongside new features specifically for the crude market:

LIVE CURVES: Real-time global pricing information – futures, swaps, physical and freight – at your fingertips

FREIGHT CALCULATOR: Up-to-date, reliable prompt and forward freight rates.

SPARTA GLOBAL ARBS™: Anticipate demand trends: live arbitrage calculations, with live margins into pricing centres.

REFINING MARGINS FORECASTING: Forward global refining margins. Determine the best crude for each refinery type and anticipate global trade flows by instantly comparing the GPWs of different grades across regions.

ML & AI: Anticipate market trends via integrated Machine Learning and Artificial Intelligence

Sparta is designed by traders, for traders. Co-Founders, Miles Moseley, and Felipe Elink Schuurman, with decades of combined experience in commodity trading, have worked diligently to create something they could only have dreamed of during their own trading careers.

A PROVEN TRACK RECORD

Soon after its inception, in March 2022, Sparta secured a substantial $6 million Series A investment from Singular. This success later snowballed into a further $17.5 million in a Series A funding round led by the technology venture capital firm FirstMark, with participation from the existing shareholder, Singular.

EXPANDING OPPORTUNITIES

Crude is just the next step in Sparta’s journey, which will eventually lead us to add full barrel coverage to our platform in the long-term. In the short to medium term, Sparta will be adding verticals on a frequent basis throughout 2024.

REGISTER FOR UPDATES

If you’re interested in, register now for updates, and exclusive pre-launch and early adopter offers, please enter your email address below:

For media inquiries or further information, please contact:

Matt Skinner, VP Marketing
Email: press@spartacommodities.com