ICAP Energy uses the system for broking European OTC energy and related physical and derivatives products. The ICAP Energy agreement reportedly continues Trayport’s aim to bring market-leading hybrid and electronic trading capabilities to broking markets worldwide.
Broker Trading System (BTS) is the platform of Trayport’s GlobalVision Trading System. It is the standard format for OTC European energy trading, but it is also multi-asset class supporting financial as well as commodity markets.
ICAP deals the market with its service in all areas of metal broking, like gold, silver and Platinum Group Metals (“PGM”), all of which are traded for value spot and forward, together with structured options and interest rate swaps.
Dan Smith, head of broker trading systems at Trayport, said: Trayport is delighted to be extending relationship with ICAP Energy and we will continue to work with them to develop electronic trading in the energy markets in Europe. This supports to create a long-term and mutually successful partnership with our customers.
Paul Newman, managing director of ICAP Energy, said: ICAP believes that the extension of our agreement with Trayport will assist our position in the energy market. We look forward to continuing our successful and long-standing relationship with Trayport.
