London, 8 July 2013 Trayport, a leading provider of energy trading solutions to traders, brokers and exchanges worldwide, announced today that WSEInfoEngine SA, a subsidiary of the Warsaw Stock Exchange, has signed an agreement to use Trayport's Exchange Trading System (ETS) for the operation of their markets.
Trayport's ETS is a market leading, real-time matching engine and front end trading system designed specifically to enable commodity exchanges to host electronic marketplaces. The extensive flexibility of the system provides exchanges with a single solution for price dissemination, order and deal management and matching of any energy commodity globally. The agreement will see WSEInfoEngine initially use Trayport's ETS for the OTC trading of commodities.
Grzegorz Onichimowski, President and CEO of WSEInfoEngine SA said 'Entering into the software license agreement with Trayport is an important step for WSEInfoEngine SA towards realising the strategy of extending the market offer in terms of providing state-of-the-art trading tools for commodity market participants.' He added 'Trayport's electronic trading system will be implemented to facilitate efficient and beneficial OTC trading of commodities, including those that are currently traded in Poland over the phone or by through personal relations. Our intention is to develop this technology to also enable its use by other members of the WSE corporate group."
Elliott Piggott, CEO at Trayport said 'We are delighted that WSEInfoEngine has joined the growing number of companies benefiting from using our platform. With this agreement we further demonstrate our commitment to the Central and Eastern European (CEE) region.' He added 'We are pleased that WSEInfoEngine recognised Trayport as offering the technology to underpin the drive to create liquidity and grow trading in CEE.'
WSEInfoEngine SA is a subsidiary of the Warsaw Stock Exchange (WSE). The WSE Group also includes Polish Power Exchange (POLPX) and Warsaw Commodities Clearing House (IRGIT). WSEInfoEngine provides services for polish electricity market participants. Among the clients are energy trading companies, large industrial consumers, energy producers as well as foreign investment banks. Currently, the company is preparing to launch a OTC commodities platform based on Trayport trading system.
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