London Fish Exchange and DataSalmon announce commercial joint venture

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DataSalmon is the leading provider of data services from the Chilean salmon global market.

In a press release, London Fish Exchange (LFEX) and DataSalmon have announced their commercial joint venture for the launch and rollout of trading of Chilean salmon aquaculture products on the LFEX platform to customers globally.

LFEX is a secure electronic platform for pricing and trading of salmon.

“Having been working together for a period of months to ensure the platform operates to the required specifications for trading Atlantic salmon from Chile, coho salmon and trout, the parties are proud to launch these important markets for customers globally,” wrote LFEX.

The platform will support sales domestically, internationally and specifically in the key distribution regions of the US, Brazil, Japan, China, S.E. Asia and Russia.

“Salmon and Trout are two of the key aquaculture markets globally with Chilean salmon and trout specifically accounting for more than 30 per-cent of total annual volumes in these species. As the digitisation 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,” said LFEX co-founder John Ersser.

“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,” he added.

“It is a pleasure working with Javier Peró and Fernanda Clement and their team in Chile. They have worked hard to create DataSalmon, are highly knowledgeable about the market, and very professional in their business,” said co-founder Tommy Pettersson.

“With this venture, we can collectively offer and support a world-class platform for any company wanting to trade Chilean products. DataSalmon is the leading provider of data services from the Chilean salmon global market, co-founded by Arturo Clement, an industry veteran, with customers domestically and internationally subscribing to their data and research,” said Pettersson.

DataSalmon’s Javier Peró said that “this is both very logical and a great opportunity for us to work with LFEX to rollout and support companies and products from our market”.

“We have been looking for the opportunity to implement a trading system for several years and LFEX offers the skill and knowledge needed to be combined with the very latest, best-of-breed technology,” he added.