The vision of ChorusLink is to become the data backbone of the energy industry for trade data. The benefits of a common data repository include comprehensive centralised master data management, relieving the back office (or system admin) of an unnecessary burden.
Energy market participants need to maintain various types of master data required for trading operations in their IT systems. Ensuring that this data is always kept up to date in every system generates costs and is frequently a manual (and error-prone) process. APIs to build interfaces are only available for a limited number of sources, which until now made automation of master data maintenance all but impossible.
ChorusLink now makes this possible.
A description of the service can be downloaded here.