New CTRM Deals Announced
It is an unusual summer and it is 2020… so perhaps we shouldn’t be surprised at the continuing swathe of new deal announcements?
While I was away, Amphora made a big announcement regarding the signing of China Zhenhua Oil, one of the largest crude oil importers in China. According to the announcement, China Zhenhua Oil made the selection of Amphora’s Symphony solution after a thorough and long selection process being selected as a result of its ability “to demonstrate extensive commodity trading and risk management expertise together with a detailed knowledge of the crude oil and refined products trading industry. Amphora demonstrated the aptitude to address China Zhenhua Oil requirements and become a trusted partner.”
Today, Igloo announced an interesting project in which it successfully partnered with Yuso, the Belgium based aggregator in renewable energy markets, and Romande Energie one of Switzerland’s leading utilities, to deliver a cloud-based Swiss intraday power trading platform. “Yuso and Romande Energie identified a need to increase the liquidity and to simplify the trading process for of Swiss intraday power. By acting as a liquidity provider, Yuso provides Swiss market participants access to a convenient executable trading screen for intraday power. Igloo leveraged its existing execution platform technology to connect with the single EU cross-zonal intraday electricity market (SIDC) and Intraday Capacity Services (ICS) to develop a unique solution that provides Swiss market participants a single view of the Swiss intraday market. The solution integrates with Yuso’s and Romande Energie’s internal systems to allow for ‘Straight-Through-Processing’ (STP) . Romande Energie portfolio managers are now able to see quotes and click and trade on Swiss intraday power with automated deal capture, trade confirmation, nomination and settlement through Yuso’s existing services. The solution offers full trade status throughout the execution process, controls around partial fills and limit order management.”
Also today, Enuit also announced a new win with Pavilion Energy Spain, a wholly-owned subsidiary of Singapore-headquartered Pavilion Energy, selecting ENTRADE® ETRM to support their Natural Gas trading business including commodity and financial derivative trading, risk management and treasury operations throughout Europe. Enuit only recently opened a European office and assembled a team to target European markets. “After a rigorous evaluation and selection process, Pavilion Energy Spain selected Enuit’s ETRM solution ENTRADE® to support its Natural Gas trading business. ENTRADE® will integrate with a suite of existing enterprise applications including but not limited to other ETRMs, curve management, ERP, and Gas operations and scheduling systems and provide Pavilion Energy Spain a holistic front to finance straight-through processing capabilities. The ENTRADE® solution is also scalable and adaptable ensuring it can evolve with Pavilion Energy Spain’s future business roadmap and will readily increase the organisation’s risk management capabilities.”
These announcements and news of other unreported deals that we are aware of show that the CTRM market remains robust.
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