Trading Technologies International, Inc. (TT), a provider of technology platforms for global capital markets, today announced connectivity with the European Energy Exchange (EPEX SPOT), the largest energy exchange in Europe. through the TT® platform.
The connection enables clients to trade European natural energy markets for the first time on the TT platform. In partnership with a major European energy supplier, TT offers the new continuous intraday energy trading capability to customers worldwide as a fully co-located service.
Operating out of Paris, EPEX SPOT is an independent subsidiary of the European Energy Exchange (EEX) covering energy markets in Austria, Belgium, Denmark, Germany, Finland, France, Luxembourg, the Netherlands, Norway, Poland, Sweden, United Kingdom and Switzerland. Clients trading intraday EPEX SPOT markets on TT can take advantage of the platform’s sophisticated algorithmic and other automated trading tools, as well as risk management capabilities throughout the trading lifecycle.
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. Integrating EPEX’s fast-growing intraday electricity markets into our platform takes it to a new level, allowing firms to participate in European spot energy markets on the same trusted platform they use for listed derivatives and opening the door for major financial institutions to trade in these physical markets and make them available to their customers.”
Justin Llewellyn-Jones, Chief Operating Officer of TT, said:
“Our customers, who recognize that we have the best algos in the industry, are excited about this opportunity. They can use our powerful tools to automatically hedge energy and gas futures spot trades on a single platform. This integration further enhances our value to our clients in the energy markets and our growing reach beyond listed derivatives.”
EPEX SPOT provides a liquidity outlet to producers, suppliers and transmission system operators, as well as industrial consumers, in order to fulfill their sales or purchases in short-term power. The prices serve as a benchmark for wholesale market transactions, ensuring competitive prices for European end consumers who can choose between several electricity suppliers.