Tag: European

Allegro continues to find success in 2017

I had the opportunity to get a briefing from Allegro’s marketing and product management teams this week…and in summary, its clear that 2017 has been a good year for the company despite continuing challenges in the broader CTRM markets. With a total of 18 new customers and 39 new “go lives”, Allegro has done very well in what has been, at best, a moderately improving market for most other vendors. The team notes that the company’s year-to-date revenues are up vs. the same period last year, with the increase driven in large part by growing demand for Allegro’s cloud offerings.... continue reading

Sophisticated Analytics For Traders

9 November 2017.  Lacima is proud to announce the launch of the Lacima Trader suite of products designed to meet the needs of the Front Office. Lacima Trader comprises of stand-alone trading, structuring and valuation tools with the ability to drill down into detailed outputs and value drivers. Achieve consistency between Front and Middle office by using Lacima Trader with Lacima Analytics.  Benefit from the same numerical engine to drive trading decisions, value deals and manage risk.  Lacima Trader offers quick set-up with same-day implementation and is easy to learn with a familiar Excel interface.   The products currently available are: Simulation, Curve, Pricer and Storage, with several new products in the pipeline which we’re... continue reading

ferdecTS® 4.0 Release Announcement

FERDEC is proud to announce the forth release of its energy trading focused transaction surveillance software. ferdecTS® R4.0 is now available and shipped to FERDEC’s client base. The new release features various functional and operational improvements such as: Improved exposure calculation on groups of similar tradable instruments (Product Mode). Improved data analytics and visualization for easier analysis of suspicious pattern analysis results (Replay screen) Enhanced delivery period for non-standardized contracts (OTC trading) New data archiving concept, extended error handling and performance improvements “ferdecTS® is the most comprehensive and leading energy transaction surveillance software solution in the European Energy Market. Our... continue reading

Powel signs re-sellers agreement with KISTERS

Press release – for immediate release 3 November 2017 The agreement allows KISTERS to resell Powel’s Algo Trader solution in their market, securing their position and creating new business opportunities for both parties. It is part of Powel’s strategy and further strengthens our position as a trusted international supplier of energy production and trading solutions. Powel and KISTERS are both software developing companies active in the European energy market. KISTERS decided not to develop its own algorithmic trading solution, instead selecting Powel’s Algo Trader to complete this area of their product portfolio and allowing for a quicker time to market.... continue reading

Fees on OTC trade that use LME prices could be postponed

LONDON (Reuters) – The London Metal Exchange could defer its plans to charge fees on over-the counter contracts that reference LME prices because many of its members are on deadlines to get their systems ready for new European Union rules. The 140-year-old exchange announced last month it would start charging a new OTC fee in January balanced by cuts of other fees crucial to its physical user base designed to lure back volumes.  The Markets in Financial Instruments Directive (MiFID II) that comes into force in January 2018 across the EU, aims to apply lessons from the 2007-09 financial crisis... continue reading

European Energy Firms Trial Blockchain Trading Marketplace

Two European energy providers tested a new blockchain-based trading platform earlier this month. Italian gas and electricity firm Enel and Germany-based E.On conducted the trial using technology developed by IT firm Ponton, according to statements. Like other trials of its kind that have taken place in recent months, the energy firms explored how peer-to-peer trading can facilitate direct sales of power. The idea is the technology could help reduce the costs associated with power distribution intermediaries and provide more transparency to the process. The test initiative formed part of the “Enerchain” initiative, a broader attempt baked by 30 European utility providers. Some... continue reading

How Blockchain Is Transforming The Energy Industry

By Luis Colasante Commodity and energy trading houses have proven that they can adapt their business model in an economy that imposes more capital requirements and regulations every day. These companies have invested millions of dollars in the last decade to build efficient systems for their regulatory requirements and key risks. Today, a new technology, blockchain, is shaping the commodity market, making it more efficient with reduced transaction costs. Blockchain is a disruptive technology that allows storing data without the need for a central authority, implying that financial transactions will no longer be stored in a central database but distributed to... continue reading

Contigo Sees Significant Move to Cloud-based ETRM

Europe-wide ETRM specialist, Contigo, has seen over 80% of new customers opting for cloud-based ETRM and software solutions in the last 18 months, as businesses become aware of the many benefits it can deliver.  The company, which provides a suite of energy software, delivered in the cloud or on premise, says it believes that demand for cloud services will continue to grow as more energy companies appreciate its flexibility, cost saving and security benefits. However, with different cloud options available, the company is advising businesses to scrutinize systems carefully to ensure they meet their requirements. Contigo puts the rapid growth... continue reading

ferdecTS® License Model Announcement

October 13th, 2017 FERDEC introduces fully flexible pattern based license model FERDEC, the leader in European Energy Transaction Surveillance, introduces its new, additional pattern based license model. This model addresses the market need for a fully flexible start into surveillance under REMIT and MAR with individually selected, relevant pattern analysis. “With ferdecTS®, FERDEC offers the most complete European Energy Transaction solution in the market. Our clients already analyze their trading in the light of more than 30 prohibited activities on a daily basis. With this additional license model, clients can start with a prioritized set of patterns as needed. Clients... continue reading

Robust Chinese demand ensures Asian LNG rally has legs

LONDON/SINGAPORE (Reuters) by Oleg Vukmanovic & Henning Gloystein Unexpectedly strong demand from China, along with rising oil and coal prices, should keep Asian liquefied natural gas (LNG) spot levels buoyant this winter. Despite rising supplies from new plants, spot prices have risen by 55 percent from their 2017 lows to $8.40 per million British thermal units (mmBtu) as Asian buyers also refilled summer stocks. With the peak demand October-March winter gas season almost underway, further price gains are expected. Nuclear outages in Taiwan and rising demand from Thailand, as well as new buyers like Pakistan, are absorbing oversupply of LNG... continue reading

HANSEN TECHNOLOGIES LIMITED (ASX:HSN) BUYS SCANDINAVIAN ENERGY BILLING SOFTWARE VENDOR ENORO FROM OSLO, NORWAY-BASED PRIVATE EQUITY FUND HERKULES III

Specialist global energy billing software M&A advisor Presser & Co act as buyside advisor to Hansen Technologies (ASX:HSN) on their purchase of Scandinavian energy billing, meter data management and energy analytics firm Enoro AS from Herkules III The business services team of Presser & Co, led by founder and managing director Trevor Presser has advised Hansen Technologies Limited (Hansen) on its purchase of Enoro Holding AS (Enoro) from Norwegian technology fund, Herkules III. Presser & Co acted as the non-exclusive buy-side advisor to Hansen. Andrew Hansen, CEO said “Enoro is the perfect strategic fit for Hansen. It occupies a dominant... continue reading

Tynagh Energy of Ireland Selects ZE to Provide Smooth Entry into the Integrated Single Electricity Market

September 12, 2017, RICHMOND, B.C., Canada — ZE PowerGroup Inc. (“ZE”)is proud to announce today that it has been selected by Tynagh Energy Ltd., of Dublin, Ireland to deploy the award-winning ZEMA platform to ensure a smooth transition into the I-SEM (Integrated Single Electricity Market). ZEMA will play a pivotal role in Tynagh’s transition to the new wholesale electricity market (I-SEM) for Ireland and Nothern Ireland. ZEMA provides a streamlined data collection service to give users access to an unrivaled catalog of data sources and internal connectivity options. ZEMA will be hosted and managed in Microsoft’s Azure Cloud and also provide a scalable platform... continue reading

Brady Posts Interim Results

7th September 2017 Brady PLC (“Brady”, the “Company” or the “Group”) INTERIM RESULTS For the six months to 30 June 2017 Brady plc, the leading global provider of trading, risk management and settlement solutions to the energy, commodities and recycling sectors, is pleased to announce its interim results for the six months to 30 June 2017. Operational Highlights The business continues its transition from a one-off licence revenue model to a recurring revenue model; • Four new licence deals signed on a recurring revenue basis in H1; • Two new energy licence deals signed following strategic decision to build connectivity... continue reading

ICE to sell Trayport after losing UK competition watchdog appeal

By John McCrank Intercontinental Exchange Inc (ICE.N) said it will sell energy trading software firm Trayport after losing an appeal of a decision by Britain’s competition watchdog calling for the divestment to preserve competition in the utility derivatives trading industry. The Competition and Markets Authority said on Friday that ICE’s control of Trayport, which the exchange and clearinghouse operator bought in late 2015 for $650 million in stock, would result in a “substantial lessening of competition” in two markets. The CMA said the only effective remedy would be the total divestiture of Trayport by ICE. ICE said it was “disappointed”... continue reading

Vattenfall collaborates on pan-European blockchain energy trading trial

By Liam Stoker Swedish state-owned energy company Vattenfall is to collaborate with 22 other European energy trading firms to launch a blockchain-based pilot. Should the project prove successful it would become the world’s first blockchain-based trading system for wholesale energy. Vattenfall’s Business Area Markets division will conduct the pilot in order to deepen its understanding of the technology and conclude whether or not such a decentralised solution could match its existing trading platforms while simultaneously reducing cost. What is blockchain? A blockchain is a database that exists on a peer-to-peer network capable of collating a list of records or transactions,... continue reading

BP, Eni deepen blockchain trading in European gas

Oil majors BP and Eni are deepening their foray into blockchain technology, starting to run blockchain trades in parallel with their live trading systems, according to developer BTL Group. The energy traders, together with Austria’s Wien Energie, had previously tested BTL’s Interbit blockchain platform over 12 weeks, carrying out trades in European natural gas. For example, the blockchain system found a discrepancy in the volume allocation of a trade of French gas sold by Eni to BP, eradicating a mistake that would have cost time at a later stage, a spokesman for BTL said. Eni and BP declined to comment.... continue reading