RISI and FOEX announce rebranding as Fastmarkets
RISI (Boston, Mass., USA) and FOEX, two leading providers of forest products commodities data and market analysis owned by Euromoney Institutional Investor PLC, have been rebranded as Fastmarkets RISI and Fastmarkets FOEX. This rebranding represents the investment made by Euromoney in its price reporting agency (PRA), Fastmarkets.
The new brands extend Fastmarkets commodities coverage into forest products, alongside its metals & mining pricing business, which includes products formerly known as Metal Bulletin (rebranded in 2018 as Fastmarkets MB), American Metal Market (now Fastmarkets AMM), and Industrial Minerals (now Fastmarkets IM). The unified Fastmarkets brand advances its vision to be a single, definitive source for trusted commodities data. This week, Fastmarkets provides more than 5,500 commodity reference prices and benchmarks for use in physical contracts, as financial benchmarks, and for tracking and analyzing key trends in the markets it serves.
"The change to Fastmarkets is not just a new name and look," said Dan Klein, CEO of Fastmarkets RISI and Fastmarkets FOEX. "It highlights our commitment to expanding and strengthening our presence in the global forest products market. This is reflected by our 2018 acquisition of Random Lengths, an important price reporting agency for the North American lumber industry, as well as our expanded investment in technology and process improvements worldwide," Klein said.
"What’s not changing is our commitment to objectivity, transparency, and being the leading source of pricing data, analytics, and events for the international forest products sector," stated Dan Klein. "Enabling our customers to master their markets remains our core mission. We are extremely excited to improve our customers’ experience by developing new ways for our data and insights to improve their workflows."