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The European Energy Exchange AG (EEX) and Trayport Limited have announced that trading participants on the EEX Derivatives Market can also now access EEX markets via Trayport’s GlobalVision Trading Gateway System.
EEX is releasing the EEX Communicator, an interface between the EEX Derivatives Market System (Eurex) and Trayport’s GlobalVision Trading Gateway System. With this interface it is possible for members to trade on the EEX Derivatives Market using Trayport’s screens and API. The EEX Communicator supports the important trading functions of both systems. It includes real-time updates of EEX market information such as prices and quantities and also enables traders to enter, change, delete and execute orders, and integrate EEX order book into consolidated order books.
“With the introduction of this technical innovation we have shown once again that we are not only continuously working for a sensible expansion of our product range but that the technical aspect of trading also plays an important role for us. Trading on EEX is becoming increasingly simple and, hence, also faster and more transparent for the trading participants“, Maik Neubauer, member of the management board and COO, explains.
“We are extremely pleased to work with EEX in the delivery of improvements in the trading process and experience”, said Elliott Piggott, Commerical Director, Trayport Limited. “There has been widespread interest from the energy trading community for ease of access to a wider range of markets and the popularity of Trading Gateway and its ease of use makes it the ideal platform through which to do this.”
The EEX Communicator is now available for download on the EEX website (www.eex.com). EEX members wishing to use the EEX Communicator will need Trayport’s GlobalVision Trading Gateway version 8.5.2 onwards and to be accessing the EEX Derivatives Market via MISS (Member Integrated System Server)
European Energy Exchange (EEX) operates a Spot and a Derivatives Market for energy products. With currently more than 160 trading participants from 19 countries it is the energy exchange in continental Europe which boasts the biggest number of trading participants and the highest turnover. Power, CO2 emission allowances and coal are traded both short-term on the Spot Market as well as long-term on the Derivatives Market with a time horizon of up to six years into the future and, moreover, trading in gas will be launched in July 2007 along the same lines. Clearing of exchange and over-the-counter transactions (OTC clearing) is provided by European Commodity Clearing AG (ECC). ECC is the clearing house of EEX and a subsidiary of the exchange.
Trayport is a leading provider of real-time electronic trading software. Trayport is fully dedicated to providing multi-asset-class trading platforms to exchanges, brokers and traders. GlobalVision is a proven, reliable, mature solution that has been in operation and retained as a profitable tool for many years, and has been accepted by over 8,500 users world-wide. Founded in 1993, Trayport is privately held and has offices in London, New Jersey and Hong Kong. More information is available at www.trayport.com.
