London, 26 November, 2015 Trayport, a leading provider of energy trading solutions to traders, inter-dealer brokers and exchanges worldwide, today announced that Power Solutions Enerji Ticaret ve Danışmanlık Anonim Şirketi have chosen Trayport's GlobalVision Broker Trading SystemSM (BTS) for trading in the Turkish power market.
Power Solutions, founded in Turkey in 2015, provides OTC Brokerage services in the Turkish electricity market. Power Solutions, with its innovative vision of increasing competition and liquidity, is dedicated to offering clients the highest levels of service and discretion in the developing Turkish Market.
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 supporting an aggregated trading model.
Gamze Fatma Özkan, Partner at Power Solutions said, "Trayport was the clear choice given the fact that its Broker Trading System is already the market leading platform across Europe. Trayport has an established network of clients who trade multiple asset classes and the combination of this with industry proven technology will ensure that we are well positioned for any growth in Turkish power trading. Being the first Turkish broker to adopt Trayport will bring many advantages both for Power Solutions and the Turkish market. We believe that working with Trayport will help us bring a new perspective to the Turkish market and support the objective of providing the market with aggregated trading screens. In terms of the future, choosing Trayport is an important step for us to make as we look towards the European market." Gamze added, "In addition we will be using this system through a Software as a Service (SaaS) model which will bring many benefits including a reduction in administration and deployment effort."
Paul Constantinou, Regional Sales Manager at Trayport, said "We are pleased that Power Solutions has chosen Trayport as its broker trading solutions partner. Power Solutions recognised our commitment to supporting their current and future business needs and we are confident our solution will support the goal of enhancing trading liquidity and enable the market to benefit from our aggregated trading platform. Power Solutions are an important addition to our network and we look forward to continuing to support the growth of energy trading markets worldwide."