Friday October 25 2013
News Source: Global Exchanges
Focus: Trading Systems and Technology
Type: General
Trayport, a provider of energy trading solutions to traders, brokers and exchanges worldwide, has announced that it has signed an agreement with Sociedad Promotora Bilbao Gas Hub, S.A. for the launch of the trading platform to be used by Iberian Gas Hub.
The Iberian Gas Hub (IGH) project aims at developing a natural gas hub in the Iberian Peninsula. This is in line with the South Gas Regional Initiative, the Gas Target Model and the general views of regulatory institutions in Spain and Portugal. IGH will launch both an OTC market, initially, and, in a second phase, a Cleared market. The OTC market will be used for Physical Gas and Time/Location swaps and the Cleared market will be used for contracts of Spanish Gas covering the longer horizons along the price curve.
Trayport’s ETS is a real-time matching engine and front end trading system designed specifically to enable commodity exchanges to host electronic marketplaces. The flexibility of the system provides exchanges with a single solution for price dissemination, order and deal management and matching of any energy commodity globally.
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