Pfalzwerke selects Trayport GlobalVison

Source: Trayport

Trayport, a leading provider of energy trading solutions to traders, brokers and exchanges worldwide today announced that Pfalzwerke AG are now using Trayport's GlobalVison Trading Gateway, Automated Trading Engine ("AT") and Implied Price Calculator ("IPC") solutions for energy trading.

Trayport GlobalVision Trading Gateway is an industry-proven electronic trading platform that allows traders to access multiple liquidity pools and trade across these pools from a single user interface. The system will provide Pfalzwerke AG teams with a central system to manage and execute deals in increasingly global and complex energy markets.

Automated Trading will allow Pfalzwerke AG to create new rules and synthetic order types in order to optimise trading strategies. It offers six standard rules which can be modified by users.

Additionally, Implied Price Calculator will enable Pfalzwerke AG to use its price information to generate customised, real-time, and tradable implied prices within Trayport's Trading Gateway. As a result, Pfalzwerke AG's teams can adopt new strategies and relate prices across instrument sets and calendar periods, opening up new opportunities for more effective trading.

Michael Reiss, Head of Trading at Pfalzwerke AG, said "We wanted to further optimise the way we trade and Trayport's solutions give us the increased visibility and enhanced functionality to allow us to close transactions at the best prices. A key value of Trading Gateway is being able to aggregate prices from multiple execution venues on one screen."

Combie Cryan, Head of Client Services at Trayport, said, "Many German utilities are already using Trading Gateway to trade in the European energy markets. We are delighted that Pfalzwerke have joined the growing list of market participants in Germany who are benefiting from the comprehensive range of energy trading solutions we provide."

The Pfalzwerke Group is a service company and a regional energy supplier in the Palatinate and the Saar-Palatinate district. Pfalzwerke are a market and customer oriented, multi-utility provider offering solutions for electricity, heat and natural gas. 

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