Trayport Limited, a leading provider of multi-asset-class electronic trading solutions, today announced that Iberdrola, a leading energy company, will be using GlobalVision Trading Gateway for energy trading in Europe.
GlobalVision Trading Gateway will allow Iberdrola's traders to view and trade market data from multiple liquidity pools on a single user interface.
Iberdrola, is one of the leading electric utilities companies worldwide with more than 43,000 MW of installed capacity and the largest renewable energy operator in the world. Its services reach more than 24 million customers and in more than 25 countries. Iberdrola's operations include generation, transmission, distribution and marketing of electricity and natural gas.
Iberdrola will use GlobalVision Trading Gateway to trade coal, carbon and power across European markets. It will facilitate Iberdrola's operations in Spain and Portugal, as well as other European countries including Germany, France, the Netherlands and Italy, where the company has a strong presence.
"Trayport's GlobalVision Trading Gateway enables us to expand our energy trading operations, while still consolidating our technologies", says Mr Gregorio Relaño, Head of European Power and Emissions Trading at Iberdrola. "With GlobalVision Trading Gateway we are in a strong position to access liquidity from different energy markets across Europe where Iberdrola Generacion is already participating daily in ten European wholesale markets."
Elliott Piggott, Managing Director at Trayport said, "We are proud that Iberdrola has selected GlobalVision Trading Gateway and feel this signifies the continued development of the Iberian market of which Iberdrola is a pioneer. Iberdrola is the first Spanish client to integrate Trading Gateway into their trading business and this supports Trayport's plan for further growth within this geographic region. The platform means we can provide Iberdrola with a single access point to the increasing range of energy markets they want to trade, without the need for additional single screens. At the same time, Trading Gateway can also attract liquidity from around the world."