GFI Market Data, a division of GFI Group Inc. (NYSE: "GFIG"), announced today that it has entered into an agreement with the UK company Haven Power.
GFI will provide the power company with UK and European power data derived from its electronic trading platform and from its brokers.
Tim Whiting, Head of Trading at Haven Power, said: "GFI power data allows us to see where the UK power market is pricing and trading. Our strength as an electricity supplier is helped by this in depth view of the market which allows us to provide greater value to our business customers. Independent prices and accurate spreads are vital to us".
"We are delighted to welcome Haven Power as a client" said Shai Popat, Head of European Sales at GFI Market Data." We are supplying them with an independent and comprehensive view of the European energy markets, from GFI's highly experienced brokers and through our premier electronic trading screen for energy and commodities in Europe, EnergyMatch® Europe*. The ability to view prices directly on this platform gives our clients access to market data of the highest quality*".
Haven Power is part of Drax Power, one of the UK's largest independent power companies. Haven Power was launched in 2006 specifically to serve the electricity needs of small to medium sized business customers and to provide an alternative to the large multinational power suppliers. The company employs over 300 staff and has a turnover in excess of £100million.
Through GFI EnergyMatch® Europe, GFI Group's energy and commodities electronic trading platform for Europe, GFI Market Data provides a comprehensive view of executable and executed prices in the Power, Gas, Emissions, Coal and Freight markets. EnergyMatch ®Europe runs on Trayport®'s Broker Trading SystemSM technology. Trayport provides software to brokers, traders, and exchanges for price formation, execution and intelligence technology which is used globally for energy trading.