CBL Markets agreed to merge with Xpansiv, which offers an online platform that offers data of commodities, such as natural gas, and transforms. Financial terms were not disclosed. "Commodity markets were designed more than a century ago for a resource-rich, data-poor world," said CEO Joe Madden. "Today, we live in a data-rich, resource-constrained world, and there is growing market demand for more information and differentiated products in commodity markets. Xpansiv CBL Holding Group will be a driving force in the market transformation that is already underway."