Product updates — October 2025
Autumn 2025 Product Update
Broader coverage. Sharper signals. AI support at your fingertips. And a major step forward in customisation, collaboration, and control.
Introducing the new product tiers: Curves, Knowledge, Intelligence. Your path to the full trading solution. Sparta is now structured into three clear modules, each built around the questions every trader asks, every day.
“Where’s the market right now?”
Live access to the entire global market, all in one view. All the pricing you need, futures, swaps, physical, freight, structured your way. Apply your logic, overwrite values on the fly, and share live views across your whole team.
“Why did it move?”
Everything in Curves, plus:
Curated headlines, expert insight, PRA data and real-time trader calls. Get the “why” behind the move, with commentary / context that connects pricing to flows, arbs, and trading logic.
“What should I do about it?”
Everything in Curves and Knowledge, plus:
Live, structured forecasts for arbs, freight, and blend margins, so you see the trade before the market does. Test scenarios in seconds. Get AI-powered trading signals and forward-looking market insights. Your complete, forward-looking, trading co-pilot.
Want to see what your Monday could look like with Sparta?
Download the brochureCustomisation and collaboration (November)
The way you see and share market data has never been customisable. Until now. With Sparta, you don’t just consume the market view. You shape it, share it, and keep your whole desk aligned in real time. Due for release in November.
Custom curves
Derived curves (formulas)
Portfolio sharing
Permissions and governance
Real-time sync and historical tracking
Seamless editing
Custom curves
Your marks, your desk’s curves.
What you can do
Override Sparta curves with your own marks, broker quotes, or forecasts. Or build new curves from scratch with formulas. Every custom curve is clearly flagged against Sparta defaults.
Why it matters
Because the market curve isn’t always your curve. Customisation lets your desk apply its own view without breaking alignment.
Use cases
Trader
Apply your own marks to reflect local physical market moves → act faster on arbs before the curve catches up.
Analyst
Build “what-if” scenarios (e.g., refinery outages) → stress-test margins without waiting for official updates.
Risk
Compare trader-adjusted curves against Sparta’s clean baselines → validate pricing assumptions in seconds.
IT/Market Data
Reduce rogue spreadsheets → custom inputs live directly in the platform.
The result
Your numbers, your assumptions. Aligned and shareable. No more “whose Excel is right?”
Derived curves (formulas)
Turn your desk’s logic into live curves.
What you can do
Create curves from formulas (e.g., cracks, arbs, or bespoke blends) directly inside Sparta. Adjust any input, see the impact instantly.
Why it matters
Because every desk has its own ways of looking at the market. Derived curves make those proprietary views part of the shared workspace.
Use cases
Trader
Build live refinery margins or cracks → spot when the arb is really there, not after it’s gone.
Analyst
Test custom blend economics → find new trading opportunities across regions.
Risk
Run stress-test formulas (e.g., +10% freight spike) → measure P&L exposure instantly.
IT/Market Data
Fewer one-off requests → formulas are standardised, visible, and don’t break outside Excel.
The result
Custom analytics that live alongside market data. No more siloed sheets or manual updates.
Portfolio sharing
Many portfolios, one truth.
What you can do
Organise curves into portfolios and share them instantly across desks, regions, or functions, with fine-grained controls.
Why it matters
Because decisions move faster when everyone sees the same thing at the same time. More alignment, less email chains or workarounds.
Use cases
Trader
Share arb portfolios across desks in Houston and Singapore → both desks trade from the same live view.
Analyst
Publish demand forecasts → keep the trading desk informed in real time.
Risk
Align stress-test portfolios with trader portfolios → no more reconciling mismatched data sources.
IT/Market Data
One portfolio shared across teams → fewer duplicate feeds and manual reconciliations.
The result
One source of truth across desks, regions, and functions. No more version wars.
Permissions and governance
Collaboration without losing control.
What you can do
Set precise permissions for who can view, edit, or manage each curve or portfolio, and track every change.
Why it matters
Because sensitive marks need control. Permissions and history give you confidence that collaboration stays secure.
Use cases
Trader
Share view-only versions of your marks with risk → they see, but can’t change.
Analyst
Collaborate with traders by editing shared portfolios → while still protecting proprietary models.
Risk
Track who changed what, and when → defensible trail for compliance and reconciliation.
IT/Market Data
Centralised governance. No shadow files or undocumented overrides.
The result
Full collaboration without losing control. Sensitive data stays secure, and every decision is transparent.
Real-time sync and historical tracking
Clarity now, context forever.
What you can do
All edits sync instantly desk-wide, and every change is logged for historical traceability.
Why it matters
No more disputes over “who changed what.” Everyone works off one live view with a full history behind it.
Use cases
Trader
Adjust a curve. The update is visible to the whole desk immediately.
Analyst
Track how arbs evolved across the week. Defend your reports with evidence.
Risk
Reconcile positions quickly with a full change log.
IT/Market Data
Prove data integrity with transparent trails.
The result
One live source of truth, with complete historical context.
Seamless editing
Fast where it counts. Secure where it matters.
What you can do
Work in a grid that feels like Excel, with keyboard shortcuts for bulk edits, but with governance built in.
Why it matters
Traders default to Excel for speed. Sparta matches that speed while eliminating spreadsheet risk.
Use cases
Trader
Adjust 10 tenors in seconds, without leaving the platform.
Analyst
Build and update curves without cutting between Excel and Sparta.
IT/Market Data
Keep edits in-platform, not in rogue files.
The result
Excel speed, without the Excel risk.
Crude custom and shared arbs (November)
Your arbs. Your inputs. Your truth, aligned across the desk. Due for release in November.
Crude custom and shared arbs
Your arbs. Your inputs. Your truth, aligned across the desk.
For the first time, crude desks can customise, share, and govern arbs directly in Sparta. No more disconnected spreadsheets, version wars, or guessing whose number is “real.” Now you can:
- Build arbs with your own swaps, CFDs, FOBs, and freight views.
- Endorse one number per route so the whole desk trades off the same truth.
- Compare your view with Sparta’s market arbs, side by side.
- Track every change in real time with full historical traceability.
What you can do
- Customise arbs → Reflect your market intelligence directly in Sparta.
- Collaborate desk-wide → One endorsed arb per route, no conflicts or duplicate versions.
- See market vs. internal views → Clear flags for Sparta vs custom arbs in one dashboard.
- Test and adjust safely → Run scenarios on freight, CFDs, and FOBs without exposing proprietary intel.
- Stay compliant → Every edit is logged and defensible.
Why it matters
Without Sparta, crude desks fight battles in spreadsheets: duplicated work, hidden assumptions, and slow consensus.
With Sparta:
- No more chasing numbers → Everyone sees the same arb, live.
- No more blind spots → Analysts and operators see exactly when and why arbs shift.
- No more risk of “he said/she said” → Full tracking protects P&L, compliance, and careers.
Use cases
Trader
Model your own freight and CFD views, then share an endorsed arb that the whole desk uses for cargo allocation and hedging.
Manager
Lock down one official arb per route so decisions happen faster, with no conflicting numbers.
Analyst
Validate trader inputs instantly, track historical shifts, and defend exposure reports with confidence.
Risk/Compliance
Rely on history for every change, protecting your team from disputes or reporting errors.
The result
Traders gain speed and flexibility, managers gain control, analysts gain clarity, and risk teams gain defensibility. Everyone sees the same arb, in real time, without giving up proprietary intelligence.
Want to see how that looks in practice?
Get in touch
Crude signals dashboard
Spot value gaps across 80+ crude grades and DPP freight routes, instantly.
The fastest way to spot mispriced crude in real time
Spot value gaps across 80+ crude grades and DPP freight routes, instantly.
Crude Signals dashboards reveal value gaps and dislocations at a glance. With live scoring across 80+ crude grades and freight routes, you’ll see in seconds if your grade or TD route is over, under, or fairly valued, globally and regionally.
What you get
- Live signals across 80+ global crude grades and DPP routes
- Instant clarity on whether a grade or route is over, under, or fairly valued
- Regional and global rankings with historical baselines
- Freight and crude signals combined in one view
Why it matters for you:
Most desks only see the mispricing once it’s already in the number. Crude signals shows you the dislocation as it forms:
- Instant conviction → Know if a grade or TD route is under, over, or fairly valued, refreshed every 15 minutes.
- Real market context → Signals built on 12+ months of trading relationships, not noise or guesswork.
- Move first, not after → Spot spread shifts, freight anomalies, and physical-to-paper dislocations before the rest of the market reacts.
Use cases
Trader
- Spot dislocations before they’re priced in
- Benchmark your crude against global competition
- Time paper spreads with live physical signals
Analyst
- Validate trader calls with data-backed signals
- Track dislocations across 12 months of history
- Build conviction into forward outlooks
Freight
- RBI benchmarks show when TD routes diverge from crude demand
- See freight in full market context, not in isolation
- Capture misaligned freight spreads faster
Crude signals dashboard
The fastest way to see if your grade or TD route is over, under, or fairly valued. With signals refreshed every 15 minutes, you get the conviction to move first.
Want to see how this could change how your desk trades crude?
Get in touch
Data Marketplace
You now have a single marketplace for Sparta’s proprietary and third-party data, so your desk gets sharper signals, and your data teams don’t waste years building them from scratch.
Data Marketplace
The sharpest signals in oil trading, plugged straight into your stack.
Skip the three-year, $10M internal build. Sparta gives you clean, structured data, ready to scale from day one.
Datasets you can’t get anywhere else
Unique proprietary and third-party data covering physical arbitrage, blending components and cash diff, CPP and DPP routes. Already cleaned, validated, and ontology-mapped. No internal build required.
The only complete forward view built for oil trading
Structured forward curves that link physical and financial markets, aligned with how your desk actually trades. Full transparency and governance baked in, ready for risk, compliance, and AI workflows.
All your market data, one contract, one feed
Choose from ready-made packages or customise them around your exposures, regions, and strategies. Delivered clean through one secure, enterprise-grade pipe, so IT and CTOs don’t waste time wrangling fragmented feeds.
What you get
Tailored data, total coverage. Forward curves, broker feeds, exchanges, and PRA data, all consolidated into a single feed and contract. Flexible packages extend with the datasets you need most.
| Source / Dataset | Coverage | History Available | Frequency | Accessibility |
|---|---|---|---|---|
| Swaps (Brokers) | Global oil and FFA | Up to 10 years | Real-time, intraday, daily | Excel, API |
| Futures | Global oil market | Up to 6 years | Real-time, intraday, daily | Excel, API |
| PRA assessments | Global oil market (subscribers only) | Up to 20 years | Daily | Excel, API |
| Physical forward curves (Sparta) | Cash diffs, arbs, landed values | Up to 5 years | Real-time*, intraday, daily | Excel, API |
| Physical cash diffs (Brokers) | Global oil market | Up to 4 years | Daily, weekly | Excel, API |
| Freight data (Brokers) | CPP & DPP global routes, prompt | Up to 20 years | Daily, weekly | Excel, API |
| Forward freight curves (Sparta) | CPP & DPP routes, prompt & forward | Up to 4 years | Real-time*, intraday, daily | Excel, API |
Use cases
Trader/Analyst
- Spot open arbs instantly, with Sparta and your own data running in real time.
- Validate forward curves against broker and PRA data in seconds.
- Test what-if scenarios (refinery turnaround, freight spike) and see instant margin impact.
Risk / Compliance
- Audit exposures with full data lineage from brokers, PRAs, and proprietary datasets.
- Run stress tests on physical market shifts using consistent, historical datasets.
- Ensure trading and risk models are aligned to the same verified data.
Quant
- Build predictive models and support trading strategies.
- Find new alpha-generating signals.
- Utilise our arb data to grasp overall demand and economic strength sentiment across products.
IT / Market data
- Consolidate feeds into one secure, scalable pipe.
- Reduce overhead: no maintenance fees, no manual cleanup.
- One contract, one feed. No need to manage multiple vendors.
CTO / Data leaders
- Provide desks with the foundation they need now, without waiting years for internal data lake projects.
- Deploy Sparta’s pre-built, continuously maintained data infrastructure instead of building from scratch.
- Enable AI projects and advanced analytics with data that’s already clean, structured, and mapped.
All the data you need, your way
Whether you’re looking to explore Sparta’s proprietary and third-party datasets or tailor a package to your desk’s exact needs, we’ll make it fit your workflow.
Interested in our datasets or want a tailored solution? Let’s talk.
Get in touch
New dirty freight routes
Expanding your coverage. Expanding your advantage.
Vetted snapshots
Clean, validated curve snapshots taken 3–4 times a day.
New dirty freight routes
We’ve added 300+ new dirty freight routes, massively expanding coverage across fuel oil, crude, and other dirty cargo flows.
What you get
Expanded market coverage – 300+ new dirty freight routes across crude and fuel oil, giving you the broadest view yet of global flows.
Why it matters for you:
Most desks only see the mispricing once it’s already in the number. Crude signals shows you the dislocation as it forms:
- Spot arbs faster → Expanded coverage surfaces dislocations and differentials in crude and fuel oil before they close.
- Run the numbers with confidence → 300+ new routes sharpen voyage economics, comps, and freight assumptions.
- Read the market better → Traders see flows, analysts get cleaner benchmarks, freight desks price and position ahead.
Use cases
Traders
- Identify dislocations across new crude and fuel oil routes.
- Test arb plays with real freight economics before the window closes.
- Move earlier on trades competitors can’t yet see.
Analysts
- Access 300+ additional routes for cleaner benchmarking.
- Build more accurate voyage economics and pricing models.
- Deliver sharper insights to support trading and risk decisions.
Freight desks
- Price fixtures with fuller context across global dirty routes.
- Position vessels where tonnage will tighten.
- Anticipate shifts in supply/demand before they show up in the market.
Want to see how that looks in action?
Get in touch
Vetted snapshots
Clean, validated curve snapshots taken 3–4 times a day.
The problem:
Markets move fast. But reference points don’t always keep up. You need stable, trusted curve snapshots through the day.
The solution. Vetted snapshots:
- Confidence, not clutter → Every snapshot runs through strict validation to cut outliers and illiquid noise.
- Coverage that counts → Only clean, vetted curves included, with special care for OTR products.
- Multiple reference points → Snapshots taken 3–4 times daily, aligned to market rhythms.
- Validated in minutes → Derived prices (mean/median) when needed, always within a tight 5–10 min window.
Why it matters:
Traders
A clean reference point for P&L, valuations, and hedges — no more debating whether a print was “real.”
Analysts
Stable benchmarks to compare live curves against and run historical scenarios.
Risk teams
Full auditability and confidence that official snapshots reflect a vetted market view, not noise.
Want to see how that looks in action?
Get in touch
Arbs in live curves (November)
Arbitrage margins and delivered prices, now fully integrated into live curves. Due for release in November.
Sparta Assist
Answers in seconds. Anytime.
Arbs in live curves
Arbitrage margins and delivered prices, fully integrated into live curves.
The problem:
Arbs are often scattered, delayed, or stuck in spreadsheets. That means opportunities slip before you can line them up with live curves.
The solution. Arbs in live curves:
Bring margins and delivered prices straight into your live curves workflow. See them side-by-side with futures, swaps, and physicals, in real time, with full filtering and history
What you get:
- Add arb curves (margins and delivered prices) directly into live curves and seasonals.
- Full filtering across load/delivery dates, ports, and regions.
- Visualise arbs with futures, swaps, and physical curves in charts and seasonals.
- 5-day window granularity for more precise analysis.
- Portfolio integration, download options, Excel excluded in this release.
Why it matters:
Traders
Spot arb inefficiencies fast by overlaying margins with live and historical curves.
Analysts
Run seasonal studies and benchmark supply chain flows without manual exports
Risk teams
One source of truth for landed values, aligned with the desk’s official market view.
Everyone
No more reconciling spreadsheets. Build arbs, landed costs, and exposure models in one place, inside your curve workflow.
Want to see how that looks in action?
Get in touch
Sparta Assist
Answers in seconds. Anytime.
What you get:
Sparta Assist is your always-on AI-powered copilot inside the platform.
- Ask anything → instant, structured answers powered by Sparta’s own knowledge base.
- Stay in flow → in-session memory means no repeating yourself.
- Stuck? → seamless hand-off to a human, with full context carried over.
Why it matters for you:
No waiting on CS queues or digging through docs.
- Support is there 24/7, right where you work.
- Common questions resolved instantly so you can stay focused on trading, analysis, or risk calls.
Want to see how that looks in action?
Book a demo