“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.”
Trading Technologies has connected to the European Power Exchange (EPEX SPOT) to allow clients to access and trade within the European physical power markets directly through the TT platform.
From now on, TT users can engage in continuous intraday power trading – with advanced trading tools such as algorithmic trading capabilities and comprehensive risk management features – in collaboration with a significant European energy supplier, offered as a fully co-located service to clients worldwide.
European electric power exchange for spot trading
EPEX SPOT, based in Paris and operating as an independent entity under the European Energy Exchange (EEX), spans power markets across multiple European countries including Austria, Belgium, Denmark, Germany, Finland, France, Luxembourg, the Netherlands, Norway, Poland, Sweden, the UK, and Switzerland.
The European electric power exchange 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.
“Use our powerful tools to automatically hedge spot trades with power and gas futures”
Keith Todd, Chief Executive Officer at Trading Technologies, 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, added: “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.”
