Trading Technologies International, Inc. (TT), a global capital markets technology platform services provider, announced today it will offer full support of European Energy Exchange (EEX) Gas Spot contracts, with the extensive range of TT trade execution tools and a first-of-its-kind auto-matching capability designed specifically for the contracts.
Available now for testing and trade simulation, the TT connectivity for EEX Gas Spot offers new auto-matching capability with the same look and feel of trading on a listed derivatives exchange, while providing clients with a much-needed solution for automating their gas storage and trading operations, eliminating the need for manual order submission and trade aggregation.
Alun Green, TT's EVP and Managing Director, Futures and Options, said: "TT has a more-than-30-year track record of building premier solutions for institutional traders. We've seen extraordinary demand for our platform among commercial and institutional energy and power traders, and we are now bringing these capabilities to the EEX Gas Spot market. We believe our EEX Gas Spot auto-matching feature, coupled with the ability to trade other gas spot and futures markets on a single platform, will be a true game-changer."
Over the past two years, TT has significantly grown its footprint in the physical spot and over-the-counter (OTC) energy trading space through new partnerships and market connections, complementing its longstanding commitment to the listed energy derivatives space. The new EEX Gas Spot solution, designed with input from many of the largest energy traders, will enable market participants to leverage TT's sophisticated APIs and automated trading tools suite, including TT's execution algorithms and Autospreader®, to maximize trading efficiency.
