Trayport, a leading provider of energy trading solutions, today announced that Enel Trade S.p.A., the trading subsidiary of Italy’s largest power company, has gone live using Trayport’s GlobalVision Internal Marketplace.
GlobalVision Internal Marketplace will help Enel optimise their trading activity by centralising internal order flows for Enel Group’s companies before routing orders to the appropriate desks for execution in the wholesale markets.
Enel will use Internal Marketplace to trade internally amongst Enel Trade S.p.A. and Enel Group operative companies including Endesa
“By selecting Trayport’s Internal Marketplace, Enel Trade will be able to reduce operative risks and costs, to maximize netting opportunities and to simplify traders’ execution,” said Leonardo Zannella, Head of Trading, Enel Trade S.p.A. “At the same time, our internal counterparties will be provided with real time and transparent access to any energy markets through a quick and easy execution platform.”
Enel produces, distributes and sells electricity and gas all over Europe, North America and
”Internal Marketplace gives organisations like Enel the ability to improve internal order flows between trading desks, portfolio managers, sales and other departments and even subsidiaries” said Richard Everett, Product Manager, Trayport. “It also allows Enel to concentrate internal liquidity and optimise trading opportunities before going to the external market.”
Internal Marketplace is available to trading entities looking to consolidate existing order flows at different levels within their organisation on a single platform, reducing infrastructure and maintenance costs. It uses straight-through processing of internal deals which reduces operational risk, allowing for better scheduling and effective auditing.