London, 26 January, 2016 Trayport, a leading provider of energy trading solutions to traders, brokers and exchanges worldwide, announced today that Akenerji has chosen Trayport's GlobalVision Trading Gateway, for trading in the Turkish power market.
Trayport's Trading Gateway is an industry-proven electronic trading platform that allows traders to access multiple liquidity pools and trade across these pools from a single user interface. Trading Gateway will provide Akenerji with a central system to manage and execute deals in increasingly global and complex energy markets.
Akenerji is one of the first private power generation companies in Turkey and one of the Turkish electricity markets largest players. Akenerji is an integrated power company operating in wholesale energy trade and retail electricity sales, in addition to power generation. The partnership between Akkök Holding and the Czech power company ČEZ Group evolved into an equal-part strategic joint venture in Akenerji with an agreement signed in October 2008. Akenerji has over 25 years of experience in the sector.
"In 2015, with over 10 TWh traded on OTC, Akenerji's focus has been heightened into trading, investing in new risk management tools, re-designing its processes and recruiting the best traders with the aim of extracting value from the volatile Turkish electricity market," said Orkun Eyilik, Energy Trading Manager at Akenerji. "New trading and dynamic asset hedging strategies have been put in place to create value out of existing assets with minimal capital expenditure. With that aim, we have implemented Trayport's GlobalVision Trading Gateway System, it satisfies the need of having one screen for our traders with all brokers combined, saving valuable time and cost in our transactions."
"We are pleased that Akenerji have chosen Trayport as its trading solutions provider. Akenerji are the first trading company in the Turkish Power market to use Trading Gateway and their traders will now be able to find the best prices quickly and capture market opportunities," said Peter Lam, Head of Trader Sales at Trayport. "Trading Gateway provides vital trading information and functionality while simplifying and improving efficiencies in key trading processes. We look forward to working with Akenerji to help them grow the Turkish power market."