Trayport, a leading provider of energy trading solutions to traders, brokers and exchanges worldwide today announced that 42 Financial Services are using Trayport's GlobalVision Broker Trading SystemSM (BTS) for expansion into Central and Eastern Europe (CEE).
42 Financial Services offers intermediary broking services for the professional wholesale global investment and energy community. It offers brokering services in OTC physical and derivative products, including financial swaps and options as well as exchange-traded futures. It covers the full spectrum of Energy and Environmental products such as Electricity (CEE Grids) and Natural Gas (Czech and Slovak Virtual Trading Point).
Trayport's BTS has proven itself to be the preferred hybrid e-broking system in energy markets. The Trayport BTS offers brokers access to a growing network of traders using Trayport's trading technology. As an award-winning, multi-asset class electronic trading platform with a sophisticated matching engine and customisable front end, the BTS is designed to enhance broker voice operations and facilitate an electronic hybrid brokerage model for OTC markets.
"Trayport was the obvious choice given the fact that they already have a growing network of electronic markets in the CEE region and a solution which is used by many trading clients' said Juraj Broncek, Head of Energy Desk at 42 Financial. "The combination of an established network and industry proven technology solutions means we can confidently accelerate our growth in the region."
Combie Cryan, Head of Client Services at Trayport, said "We are pleased that 42 Financial Services have chosen Trayport to help them grow their CEE operations. Our energy trading solutions are already used successfully by many participants in the industry and we look forward to developing a long term relationship in order to help grow energy trading markets worldwide."