29 November 2014

European Energy Exchang selects TT for direct screen offer

04 September 2014  |  809 views  |  0 Source: Trading Technologies International

The European Energy Exchange AG (EEX), Europe's leading energy exchange, and Trading Technologies International, Inc. (TT), a provider of high-performance professional trading platforms, today announced that EEX has contracted with TT to supply the exchange's trading participants with direct access to the exchange via the direct screen.

The software-as-a-service (SaaS) TT platform provides secure, high-performance, go-anywhere market access and trade execution.

The TT solution can be used to access the EEX markets for power derivatives, emissions spot and derivatives as well as coal and guarantees of origin. This includes Europe's most liquid power contract, Phelix Power Future. It enables participants to enter exchange trades or to register trade transactions for clearing (Trade Registration). The new frontend will replace the current EEX Direct Screen and will be rolled-out to the market in the fourth quarter of 2014.

"With our new 'EEX TT Screen' we offer an additional option for members to access our markets. We chose TT as a service provider because their technology provides a robust and sophisticated trading solution with maximum functionality. In addition, it's simple for the customers, they do not need any installation, just internet access and a current browser," said Steffen Köhler, COO of EEX.

"This commitment from EEX is a powerful statement in support of our next-generation technology. It validates our vision for the new TT platform, which is aimed at dramatically simplifying how professional traders access and participate in the markets by delivering a fully integrated suite of robust trading applications through a high-performance, device-agnostic ecosystem," said Rick Lane, CEO of Trading Technologies.

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