Puerto Montt, Chile-based DataSalmon has begun trading Chilean salmon on the London Fish Exchange’s (LFEX) electronic trading platform, the company announced in a release.
DataSalmon – co-founded by industry veteran Arturo Clement, the CEO of salmon farming industry association SalmonChile, a board member of the Chilean Salmon Marketing Council, and past CEO of Multiexport Foods (recently rebranded Multi X) – provides data and research services from the Chilean salmon market, including real-time pricing and market trends.
“The inaugural trades were led by BluGlacier and Slade Gorton, marking a milestone in the development of the digitalization of the Chilean salmon seafood market,” DataSalmon said.
Buyers for Chilean Atlantic salmon, coho, and trout have registered with LFEX from the U.S., Brazil, Colombia, China, Japan, Canada, Russia, Mexico, and Israel, offering a global service for the Chilean market.
The joint venture between LFEX and DataSalmon was announced in May this year.
“Salmon and trout are two of the key aquaculture markets globally, with Chilean salmon and trout specifically accounting for more than 30 percent of total annual volumes in these species. As the digitization of markets starts to become the norm, we are delighted that we can support the distribution and procurement of these products for the benefit of future and current participants on the platform,” LFEX Co-Founder John Ersser said at the time. “This represents another big step in the development of the business, in line with our desire to be the leading aquaculture and fisheries trading platform globally.”
Based in London, U.K., the independent LFEX Trading Platform was launched in January 2020 and now handles active sell-side and buy-side trading of farmed Atlantic salmon raised in Europe. It is in the process of rolling the product out globally, while also adding new features, functionality, and products as the business expands, it said in its release.
