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Fidectus AG and Contigo Software Limited build new eCM and eSM connectivity

Fidectus AG (Zurich, Switzerland) and Contigo Software Limited (Solihull, UK) are delighted to announce they have entered a partnership to develop new connectivity for electronic Confirmation Matching (eCM) and electronic Settlement Matching (eSM).

A native interface is being developed between the two companies to make connectivity to the Fidectus Global Energy Network (GEN) easy and low risk.

The partnership means users of Contigo’s Energy Trading and Risk Management (ETRM) software, enTrader®, will have the option to undertake their post-trade processing via a new Fidectus-Contigo API.

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Contigo CEO, Simon Wheeler, explains: “We are pleased to be partnering with Fidectus to facilitate greater connectivity for eCM and eSM processes. eCM and eSM help to accelerate and automate the workflow for confirming and settling trades with counterparties. By supporting a range of eCM and eSM providers, Contigo can offer greater choice to its customers.”

The connectivity is based on a state-of-the-art RESTful API for quick, easy and efficient implementation and future maintenance. The resulting benefits for clients are speed to market, lower cost, and additional business features.

The Fidectus-Contigo partnership unites strong skills in business and technology development, enabling efficient post-trade processing.

Jens Bartenschlager, CEO at Fidectus, comments: “Together with Contigo, we are accelerating adoption of our next generation post-trade and cross-company services. Contigo clients now have plug and play connectivity to our Global Energy Network. We are proud that together with Contigo we can offer Contigo clients a fast, effective, and comprehensive solution with best-in-class user experience for electronic confirmations and settlements.”

A demonstration and further details about the new eCM integration will be available at Energy Trading Week 2021 within the ETOT (Operations and Technology) conference on October 5-6 at Chelsea Stadium, Stamford Bridge.

For more information on Fidectus, please contact info@fidectus.com or visit www.fidectus.com

For further information about Contigo Software Limited, please contact sales@contigosoftware.com or visit www.contigosoftware.com

 

ENDS

About Fidectus:

Fidectus is a Swiss-based company revolutionizing post-trade processing for the over-the-counter energy and commodity markets. Our Global Energy Network (GEN) connects market participants and enables them to significantly reduce cost, risk, and illiquid capital through intelligent tools for confirmation, settlement, financing, and payment. Traders, brokers, and industrial consumers can now better manage their working capital, putting them at a competitive advantage.

About Contigo Software Limited:

Contigo Software Limited is a leading provider of Energy Trading and Risk Management (ETRM) solutions across the UK and Europe. Our products use modern technology, can be delivered as a managed service in the cloud and are designed for rapid implementation.

Contigo was established in 2006 by industry professionals who set out to develop software solutions built specifically for energy trading markets. From the start, the product strategy focused on web-based applications, which were supplemented by reliable cloud solutions.

The ETRM (Energy Trading and Risk Management) system, enTrader®, which is available as a cloud or on-premise version, is used by energy traders and producers, as well as by energy distributors, and enables central and far-reaching control and management of the entire energy portfolio. Thanks to modular expansion options, the software grows with specific requirements at any time and can also be adapted to individual needs.

Contigo is part of the Energy One Group – a global provider of energy trading and risk management solutions.