Trayport, a leading provider of energy trading solutions to traders, brokers and exchanges worldwide today announced that Idex, the commodity derivatives segment of Borsa Italiana S.p.A., part of the London Stock Exchange Group plc, has selected Trayport's GlobalVision Portal.
This connectivity solution enables any company with Trayport's Trading Gateway Software and IDEX membership to connect directly and seamlessly to the entire suite of products available on IDEX. These trading companies use Trayport's Trading Gateway as a primary tool for accessing commodity markets and can now benefit from this enhanced connectivity and access.
"Borsa Italiana is responding to needs from its clients offering access to the IDEX via Trayport's GlobalVision Portal. Trayport's technology means that IDEX will be able to better support the fast-growing and international energy trading community operating on Italian electricity futures. We therefore expect a straightforward and successful deployment of Trayport on IDEX market" said Nicolas Bertrand, Head of Equity and Derivatives Markets of LSEG.
Elliott Piggott, Trayport CEO said "This is an important partnership for Trayport and allows us to offer IDEX simplified access to our growing network of users. The GlobalVision Portal delivers widespread connectivity and more. The distribution of prices and the ability to trade IDEX products through a single screen works towards one of our goals of offering market participants the simplest yet enhanced access to any available liquidity pools."
IDEX uses SOLA exchange trading system. GlobalVision Portal provides an interface from Trading Gateway that will be optimised for integration with SOLA's matching engine. GlobalVision Portal will be hosted by IDEX, so that there is no need for IDEX's members to deploy additional software.