14 December 2017
visit www.solutions.lexisnexis.com

KB Tech scores European Commodity Clearing contract

09 May 2017  |  1968 views  |  0 Source: European Commodity Clearing

The European Commodity Clearing (ECC) cooperates with KB TECH Ltd. to expand access to cleared commodity markets for trading participants.

KB TECH is a UK based software development company providing data management services and products to the trading, pension and financial markets.

KB TECH has launched a dedicated portal “KB Portal” which allows the entry and submission of brokered trades for trade registration on the European Energy Exchange (EEX) and subsequent clearing with ECC. KB Portal is available for the power, emissions and freight markets, as offered by EEX. In the framework of their Straight-Through-Processing (STP) solution, ECC automates trade registration for its participants at a Partner Exchange and transfers trading transactions into the clearing system without the need for manual intervention.

“We’re very pleased to welcome KB TECH as a new partner to the network of independent service providers who support our Straight-Through Processing (STP) solution”, says Dr Thomas Siegl, Chief Risk Officer of ECC. “With its portal solution, KB TECH will help foster the development of the trade registration volumes of ECC’s Partner Exchanges in the future, thereby enhancing the choice for customers.”

“KB TECH is delighted to be a new STP service provider partner of ECC in their objective of enhancing EEX’s trade registration business”, says David Briggs, Director and co-founder of KB TECH. “The KB Portal represents a key element of our product range in the trading environment and builds on our proven expertise in this area.”

In addition, the KB Portal provides a range of functions including historic trade search, general trade analysis and the inputting of spread trades. Brokers and trading participants will benefit from greater automation, therefore reducing operational risks, efforts, and processing times from off-exchange trade conclusion to clearing confirmation.

Comments: (0)

Comment on this story (membership required)

Related blogs

Create a blog about this story (membership required)
visit www.thomsonreuters.infovisit www.solutions.lexisnexis.comvisit www.atos.net

Top topics

Most viewed Most shared
Deutsche Bank paper hails 'huge' blockchain potentialDeutsche Bank paper hails 'huge' blockchai...
10075 views comments | 16 tweets | 25 linkedin
satelliteRipple completes XRP Lockup
8806 views comments | 3 tweets | 2 linkedin
PSD2: Laying the regulatory foundation for a new age in paymentsPSD2: Laying the regulatory foundation for...
8790 views comments | 17 tweets | 36 linkedin
Alior Bank to use Open API platform and accelerator to create fintech marketplaceAlior Bank to use Open API platform and ac...
7534 views comments | 20 tweets | 11 linkedin
Brits flock to digital-only banksBrits flock to digital-only banks
7162 views 11 comments | 11 tweets | 15 linkedin

Featured job

Find your next job