Tuesday November 19 2013
News Source: Global Exchanges
Focus: General - Global Exchanges
Type: General
Country: International
Link: http://www.trayport.com/en/media/press-releases/Contigo
Trayport, a provider of energy trading solutions to traders, brokers and exchanges worldwide, has announced that it had acquired Contigo Ltd, a provider of energy trading risk management (ETRM) services. The transaction closed on 14 November, 2013.
Contigo is a provider of software systems designed to help energy traders, generators, brokers and utilities gain a competitive edge by using tools to better manage their risk and meet their regulatory compliance and reporting requirements.
The company, Contigo Limited is now a wholly-owned subsidiary of Trayport Limited and the ETRM business will be called Trayport Contigo. It will carry on as a business unit of Trayport managed by its current management team reporting into the Trayport Board.
Click on the above link for more details.