18 January 2018
visit http://response.ncr.com

Trayport and Powernex extend agreement

18 November 2008  |  1515 views  |  0 Source: Trayport

Trayport Limited, a leading provider of multi-asset class electronic trading solutions, today extended its agreement with Powernext, a Paris-based energy exchange, until 2011.

The renewed agreement covers the provision of Trayport's GlobalVision electronic trading platform to Powernext's Gas Spot and Futures, which are due to be launched on 26th November 2008.

Powernext successfully launched power futures in June 2004 using Trayport's technology. The exchange has since built a network of over seventy five European members including major European energy producers, banks, brokers, traders, and retailers.

The new contract extension between Trayport and Powernext is an indication of Trayport's significance as the recognised market leader in front-end trading software for energy and gas traders across Europe. Powernext will launch its gas exchange for spot and futures contracts on French PEGs (Point d'Echange de Gaz - Gas Exchange Points) and GlobalVision will be the electronic trading system of choice.

Richard Katz, Director Sales & Communication at Powernext said, "Trayport's GlobalVision is a tried and tested electronic trading system and has proven to be one of the foundations for Powernext's success as a European energy exchange. Moreover our gas customers have expressly asked Powernext to use GlobalVision, which is their favourite front-end and integration platform, so we are more than happy to list our gas products on it. This will certainly help increase Powernext's liquidity in this new area."

"Continuing our successful relationship with Powernext enables the market participants to electronically trade a wide range of energy asset classes. It further strengthens our links with one of the major European energy exchanges," said Adrienne Quinn, Head of Exchange Systems Business, Trayport.

"We are working closely with Powernext to help increase its European energy footprint, and we are confident that continued cooperation will help to build visibility for both companies through using Trayport's GlobalVision trading platform."

Comments: (0)

Comment on this story (membership required)

Related company news


Related blogs

Create a blog about this story (membership required)
visit www.vasco.comvisit www.fivedegrees.nlvisit www.thomsonreuters.info

Top topics

Most viewed Most shared
Europe begins Open Banking era in subdued styleEurope begins Open Banking era in subdued...
10662 views comments | 32 tweets | 36 linkedin
Crypto mining threatened by power capacity concernsCrypto mining threatened by power capacity...
10117 views comments | 17 tweets | 18 linkedin
Wells Fargo to close 900 branchesWells Fargo to close 900 branches
9700 views comments | 14 tweets | 16 linkedin
KFC introduces Bitcoin BucketKFC introduces Bitcoin Bucket
9237 views comments | 17 tweets | 16 linkedin
FinTech Scotland appoints new CEOFinTech Scotland appoints new CEO
8198 views comments | 8 tweets | 6 linkedin

Featured job

Competitive base + commission + benefits
London, UK

Find your next job