Trayport Limited, a leading provider of multi-asset-class electronic trading solutions, today announced that Steweag Steg GmbH, based in Graz, Austria, will use GlobalVision Trading GatewaySM for energy trading.
Steweag Steg GmbH supplies and distributes electricity across Europe. The company was founded in 2002 from the merger of the electricity network and the marketing department of two Austrian electricity suppliers, and is now a subsidiary of Energie Steiermark AG.
Sorin Albeanu, Sales Manager at Trayport, said, “Steweag Steg is now the third utility company in Austria who has chosen to use Trading Gateway in the last year. More and more companies in Europe that trade energy are looking to consolidate markets accessible on Trading Gateway and also combine connectivity with exchanges. This allows Trayport to provide a central role in bringing power markets together.”
Gernot Zengerer, Senior Trader, Steweag Steg said, "Trayport’s GlobalVision Trading Gateway system will help our traders to view and execute at an increased speed the best prices across multiple European energy markets.We trade with local and foreign energy traders and chose Trayport as it means we can consolidate many liquidity pools including German power, emissions, and gas from any of the major wholesale brokers or exchanges onto a single screen.”
This consolidated view of market activity provides traders with up to date market status information, and allows traders to find the best price quickly. Over 120 trader clients currently depend on Trayport's Trading Gateway product for their critical trading operations.