WSEInfoEngine, a subsidiary of the Warsaw Stock Exchange, has signed an agreement to use the exchange trading system (ETS) from Trayport, a London-based provider of energy trading solutions, for the operation of its markets. WSEInfoEngine will initially use it for the over-the-counter (OTC) trading of commodities.
Trayport's ETS is a real-time matching engine and front end trading system enabling commodity exchanges to host electronic marketplaces. The flexibility of the system provides exchanges with a single solution for price dissemination, order and deal management and matching of energy commodities globally.
"Trayport's electronic trading system will be implemented to facilitate efficient and beneficial OTC trading of commodities, including those that are currently traded in Poland over the phone or by through personal relations," says Grzegorz Onichimowski, President and CEO of WSEInfoEngine. "Our intention is to develop this technology to also enable its use by other members of the WSE corporate group."
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