Bilateral Credit (TrAg)
Over the counter derivative markets allow Inter Dealer Brokers (IDBs) to offer complex derivative products usually not listed on an exchange. These IDBs can offer market entry to traders providing the opportunity to reach a large liquidity pool for hedging or physical delivery of commodity based products. In this current economic climate, the risk of counterparty default on OTC transactions is a concern for any organization wishing to take a position in the OTC markets. Trayport's GlobalVision Broker Trading System, a market leading trading platform in the OTC energy space, provides the ability to define bilateral credit between trusted counterparties for any derivative based transaction in real time.
Using the GlobalVision Trading AgreementsSM application, brokers can define bilateral agreements between any of their trading counterparties and clearing memberships. Any open interest created in this marketplace will have been verified pre-trade, providing the confidence to market participants that any position has been filled by a predefined trusted bilateral relationship.
Trayport's Broker Trading System facilitates growth into new markets where mature relationships are not present by providing sleeving technology to quickly identify third parties that can sleeve a derivative trade for a smaller institution with limited credit status, thereby extending and strengthening the overall liquidity pool.
The need for accurate real time data is crucial for every trading decision.
Trading GatewaySM enables trading across multiple energy and commodity markets on a single screen. It makes it easier for energy market participants to profit across multiple diverse liquidity pools (including European electricity, natural gas and carbon as well as multiple coal routes, some oil markets, wet and dry freight). Over 200 oil majors, utilities and banks clients currently depend on Trayport's Trading Gateway product for their critical trading operations.
We believe Trading Gateway is unique. It provides the ability to consolidate market data and executable prices from across all the major European Energy Inter Dealer Brokers (IDBs) and Exchange marketplaces from within one screen. This view of market activity gives traders a more effective integrated experience, meaning there is less chance that prices are missed and as a result profits are higher.
View cross-market implied prices to see the real executable spread price, saving time and money.Customise your view; integrate many markets to one system. This means fewer systems to learn, fewer monitors and significantly less missed trading opportunities. Acting as a repository and consolidator of access makes Trading Gateway the ideal place to start to capture and hold historical data in a common format. With some historical views available alongside live prices, this gives added confidence to the trading decision. With the addition of Microsoft Excel and the use of the integrated API this allows the extension of the system to act as a base for charting, curve generation and position management systems.
Trading Gateway is the base of an effective commodities trading organisation.