LEIPZIG and CHICAGO, September 4, 2014 – The European Energy Exchange AG (EEX), Europe’s leading energy exchange, and Trading Technologies International, Inc. (TT), a provider of high-performance professional trading platforms, today announced that EEX has contracted with TT to supply the exchange’s trading participants with direct access to the exchange via the direct screen. The software-as-a-service (SaaS) TT platform provides secure, high-performance, go-anywhere market access and trade execution.
The TT solution can be used to access the EEX markets for power derivatives, emissions spot and derivatives as well as coal and guarantees of origin. This includes Europe’s most liquid power contract, Phelix Power Future. It enables participants to enter exchange trades or to register trade transactions for clearing (Trade Registration). The new frontend will replace the current EEX Direct Screen and will be rolled-out to the market in the fourth quarter of 2014.
“With our new ‘EEX TT Screen’ we offer an additional option for members to access our markets. We chose TT as a service provider because their technology provides a robust and sophisticated trading solution with maximum functionality. In addition, it’s simple for the customers, they do not need any installation, just internet access and a current browser,” said Steffen Köhler, COO of EEX.
“This commitment from EEX is a powerful statement in support of our next-generation technology. It validates our vision for the new TT platform, which is aimed at dramatically simplifying how professional traders access and participate in the markets by delivering a fully integrated suite of robust trading applications through a high-performance, device-agnostic ecosystem,” said Rick Lane, CEO of Trading Technologies.
TT is shifting the paradigm by giving users the freedom to enter and manage orders, view and chart market data, and access automated tools like Autospreader® and ADL® (Algo Design Lab) from virtually any internet-connected computer or mobile device. Furthermore, the platform’s modular architecture allows TT to continuously iterate and deliver new functionality to the user’s workspace without a software upgrade.
The European Energy Exchange (EEX) is the leading energy exchange in Europe. It develops, operates and connects secure, liquid and transparent markets for energy and related products on which power, natural gas, CO2 emission allowances, coal and guarantees of origin are traded. Through its majority shareholding in Cleartrade Exchange (CLTX), EEX additionally offers the markets for freight, iron ore, fuel oil and fertilizers. Clearing and settlement of all trading transactions are provided by the clearing house European Commodity Clearing (ECC). EEX is a member of Eurex Group.
About Trading Technologies
Trading Technologies (www.tradingtechnologies.com, @Trading_Tech) develops and delivers professional trading software for a wide variety of users including proprietary traders, brokers, money managers, CTAs, hedge funds, and commercial hedgers and risk managers. TT provides access to 40 major international exchanges and liquidity platforms. Its recently unveiled next-generation trading ecosystem uses the software-as-a-service (SaaS) delivery model to give users a fast, reliable, mobile solution that represents what’s next in the world of trading and technology.