Trayport Limited, a leading provider of multi-asset-class electronic trading solutions, today announced that Salzburg AG, an Austrian utility company, will use GlobalVision Trading GatewaySM for energy trading.
Salzburg AG is an important Austrian supplier and provides essential infrastructure for the entire region. With approximately 2,000 employees and 250,000 customers, it is an innovative and forward-thinking utility company. In addition to focusing on renewable energy and alternative resources, the company has made great strides in becoming greener, while always offering competitive and fair pricing to their customer base.
Salzburg AG currently trades electricity and gas with its counterparties through the main European energy brokers as well as directly on EEX. Traders will now access the entire European power and gas market via Trading Gateway directly.
Siegfried Muellegger, Head of Front Office in the Trading Department at Salzburg AG, said, “We wanted to implement GlobalVision Trading Gateway to further optimise the way our traders are closing transactions in the European energy wholesale market. It also means that we are able to aggregate prices from multiple execution venues on one screen.”
“The key value of Trading Gateway lies within the aggregation of prices from multiple exchanges and brokers. In a market as liquid as German power, having the right system to view the best quotes, trade prices rapidly and capture market opportunities is vital in order to remain competitive,” said Sorin Albeanu, Sales Manager, Trayport.
This consolidated view of market activity provides traders with up to date market status information, and allows them to find the best price quickly. Over 130 trader clients currently depend on Trayport's Trading Gateway product for their critical trading operations.