Trayport Limited, a leading provider of multi-asset-class electronic trading solutions, today announced that GDF Suez Trading will use GlobalVision Trading Gateway from mid Q4 2011.
This deal will see GDF SUEZ Trading install Trayport's Trading Gateway for over 100 front-office users, as well as use Trayport's Implied Price Calculator and Automated Trading products.
Trayport GlobalVision Trading Gateway is an industry-proven electronic trading solution that allows traders to access multiple liquidity pools and trade across these pools from a single user interface. The system will provide GDF SUEZ Trading teams, both located in Paris and Brussels, with a central system to view, enter, modify, and execute deals in increasingly global and complex gas and power markets.
In May 2011, Gaselys, the Paris based GDF SUEZ energy trading subsidiary joined forces with the trading teams of Electrabel, located in Brussels, to create GDF SUEZ Trading, a European leader in energy trading, combining physical and financial products covering the entire energy mix: natural gas, electricity, oil and refined products, coal and emissions. Electrabel was already a Trayport client, while Gaselys was contracted with a third-party vendor. The new combined entity will all use Trayport technology, allowing access to additional software modules such as Automated Trading as well as expert technical support for the GlobalVision software.
Implied Price Calculator will enable GDF SUEZ Trading to use its price information to generate customised, real-time, and tradable implied prices within Trading Gateway. This capability means that GDF SUEZ Trading's teams can adopt new strategies and relate prices across instrument sets and calendar periods - opening up new opportunities for more effective trading. Additionally, Automated Trading will allow GDF SUEZ Trading to create new rules and synthetic order types in order to optimise trading strategies. It offers five standard rules including ghost, discretionary, stop limit, synthetic spread and hidden iceberg which can then be modified by the users.
Helena Anderson, Client Manager at Trayport, said, , "With the added functionality offered by Implied Price Calculator and Automated Trading, GDF SUEZ Trading will be able to extract maximum value from its energy trading activities."