London, 7 March, 2016 Trayport, a leading provider of energy trading solutions to traders, brokers and exchanges worldwide, announced today that ARAX Commodities (ARAXCo) have chosen Trayport’s GlobalVision Broker Trading System (BTS) for trading power and agricultural softs in markets across central / south east Europe and the Middle East.
ARAXCo, a newly formed commodity brokerage, was established to present new trading opportunities to participants in new emerging markets across commodities.
Trayport’s BTS has proven itself to be the preferred hybrid e-broking system in energy markets. The Trayport BTS offers brokers access to a growing network of traders using Trayport’s trading technology. As an award-winning, multi-asset class electronic trading platform with a sophisticated matching engine and customisable front-end, the BTS is designed to enhance broker voice operations and facilitate an electronic hybrid brokerage model for OTC markets.
“The launch of this new market is an important milestone in the development of power trading in a number of illiquid and emerging markets across the region. Trayport was the obvious choice given they have a market leading platform and are used by many trading clients,” said Tom Roberts, Director at ARAXCo. “The new OTC trading venue combined with the benefits of Trayport’s BTS will enable the development of emerging markets in which we will operate. This will support our initial power trading followed by the addition of financial agri-softs.”
“We are pleased that ARAXCo have chosen Trayport to help launch their markets,” said Paul Constantinou, Regional Sales Manager at Trayport. “Our energy trading solutions are used successfully by many market participants. We look forward to developing a long term relationship with ARAXCo to help grow energy trading markets worldwide.”