Trayport signs Powernext to emissions trading system

Source: Trayport

Trayport, a leading supplier of electronic trading systems, today announced its further expansion into the CO2 emissions market and has signed up Powernext, the French energy futures exchange, following their participation in the launch of a European spot CO2 Exchange with Caisse des Dépôts and Euronext.

In addition to supporting French Powernext Futures, Trayport's GlobalVision will now also provide Powernext with the ability to operate a high-performance trading marketplace for Powernext Carbon. Due to the platform's core functionality enabling quick and easy configuration, market operators are able to start trading CO2 credits immediately.

Thierry Carol, Director of Marketing & Sales at Powernext, said: "As we have successfully deployed Trayport's platform for French power futures it was easy to configure the screens for Powernext Carbon due to the software's flexible nature. Consequently, this has increased our speed to market and enabled us to exploit this opportunity instantly."

"Powernext is a perfect showcase of how our GlobalVision system can be implemented across different asset classes with minimal deployment. At the same time it further endorses our strength in the emissions market, which remains a major trend in the industry," said Edmund Hor, Managing Director at Trayport. "We continue to receive interest from market operators in need of a platform to trade emissions electronically and we expect to make further announcements over the coming months."

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