Borsa Italiana's power futeres now avaible to Trayport®
New service to be represented at EMART Energy 2011
Nov 24 2011 - 08:31
Borsa Italiana's power futures now available to Trayport®’s Trading Gateway users
- New service to be represented at EMART Energy 2011
IDEX, the commodity derivatives segment of Borsa Italiana, is presenting a new service dedicated to its members at EMART Energy 2011 on 23 and 24 November 2011: the Trayport Global Vision Portal.
Borsa Italiana and Trayport have signed an agreement that enables IDEX members to connect to the market via Trayport's GlobalVisionSM Portal. Borsa Italiana is the first European regulated market using Trayport Global Vision Portal.
All Trayport’s Trading Gateway clients who are also IDEX members, are now able to view IDEX real time prices and prices of futures from other European markets and to place orders directly via their Trading Gateway screen. Using Trayport Global Vision Portal, IDEX will allow its members to connect to a community of over 140 companies and 4,500 traders operating in the energy sector.
Nicolas Bertrand, Head of Equity and Derivatives Markets of LSEG, said:
"Borsa Italiana is responding to needs of its clients offering access to the IDEX via Trayport’s GlobalVision Portal. Trayport's technology means that IDEX will be able to better support the fast-growing and international energy trading community operating on Italian electricity futures.We therefore expect a straightforward and successful deployment of Trayport on the IDEX market. ”
IDEX is the segment of IDEM dedicated to trading of energy and commodity derivatives.
IDEX currently offers futures on Italian power with monthly, quarterly and yearly delivery periods. The contracts are cash settled against the Single National Price (PUN) and an option for physical delivery is also available for GME members.
All contracts traded on IDEX are guaranteed by CC&G, the Italian clearing house.
Oriana Pagano Media Relations +39 02 72426.360
media.relations@borsaitaliana.it
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