Hoekstra Trading Announces Hoekstra – Bloomberg Licensing Agreement
Hoekstra Trading is pleased to announce it has entered a data acquisition agreement with Bloomberg Finance LP that grants Bloomberg a license to use, display, and deliver Hoekstra Trading’s “D4T” value to Bloomberg users starting January 1, 2024.
D4T is the theoretical value of a D4 Renewable Identification Number (RIN) calculated weekly by Hoekstra Trading using an equation published by Scott Irwin, Kristen McCormack, and James H. Stock (IMS) in 2020. The value is calculated weekly for a hypothetical D4 RIN expiring in 1 year using Hoekstra Trading’s best estimate of the values of the variables of the IMS equation.
The D4T value is used by RIN traders to analyze RIN market prices with reference to a theoretical value based on economic fundamentals.
George Hoekstra, President of Hoekstra Trading said, “The RIN is a complex financial Instrument. Three years of real-life experience has proven the value of this theoretical pricing model for understanding, interpreting, and anticipating RIN price behavior in real time. We greatly appreciate Bloomberg’s interest in our work”.
To learn more, visit Hoekstra Trading D4T Theoretical RIN Price
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