Trading Technologies International, Inc. (TT), a global capital markets technology platform provider, today announced connectivity to the European Power Exchange (EPEX SPOT), the largest power exchange in Europe. through the TT® platform.
The connection gives clients the ability to trade the European physical power markets for the first time on the TT platform. In collaboration with a large European energy supplier, TT offers the new continuous intraday power trading capability to clients globally as a fully co-located service.
Operating out of Paris, EPEX SPOT is an independent subsidiary of the European Energy Exchange (EEX) covering power markets in Austria, Belgium, Denmark, Germany, Finland, France, Luxembourg, the Netherlands, Norway, Poland, Sweden, the UK and Switzerland. Clients trading EPEX SPOT intraday markets on TT can leverage the platform’s sophisticated algorithmic and other automated trading tools, as well as its risk management capabilities across the trade life cycle.
TT CEO Keith Todd said:
“We have long been a valued partner to global and regional energy suppliers managing their risks in the listed derivatives markets. The integration of EPEX’s fast-growing intraday power markets into our platform takes that to a new level, enabling companies to participate in the European spot power markets on the same trusted platform they use for listed derivatives, and opening the door for large financial institutions to trade in these physical markets and make them available to their customers.”
Justin Llewellyn-Jones, TT Chief Operating Officer, said:
“Our clients, who recognize we have the best algos in the industry, are excited about this opportunity. They can use our powerful tools to automatically hedge spot trades with power and gas futures on a single platform. This integration further strengthens our value to our clients in the energy markets and our growing reach beyond listed derivatives.”
EPEX SPOT provides a liquidity outlet for producers, suppliers and transmission system operators, as well as for industrial consumers, to fulfill their sales or purchases in short-term power. The prices serve as a benchmark for the transactions of the wholesale market, ensuring competitive prices for European end-consumers who can choose between numerous electricity suppliers.
