Trayport, a leading provider of energy trading solutions to traders, brokers and exchanges worldwide, and PXE, Power Exchange Central Europe, today announced that an agreement has been reached for PXE to use Trayport's GlobalVision Exchange Trading System for the operation of PXE's physical futures market.
"Especially for international trading participants, Trayport's GlobalVision Exchange Trading System is the preferred interface and this was one of the reasons why we decided to implement this system,' said David Kucera, General Secretary of PXE. 'Day to day trading will be easier for current trading participants and given the ease of technical integration, the admission of new trading participants will be easier as well."
Phil Martin, Trayport's Client Manager, Exchanges said, 'A number of other exchanges already benefit from our exchange trading solutions. The addition of PXE demonstrates our desire to continue to provide exchanges with instant access to most of the world's largest commodities and energy trading houses.' He added 'Central and Eastern Europe is already a key region for Trayport and the addition of PXE onto our Exchange Trading System further demonstrates our commitment to deliver the best solutions for this growing market.'
PXE was founded in July 2007 and facilitates the trading of electricity, with the place of delivery in the Czech Republic, Slovakia and Hungary. It is the largest market in futures contracts for electricity with physical and financial settlement in Central and Eastern Europe.