Contigo to unveil EMIR and REMIT solution at EETS

25 September 2013

Contigo, the leading provider of Energy Trading and Portfolio Risk Management (ETRM) solutions, is delighted to announce its attendance at the 6th Annual European Energy Trading Summit (EETS) in Barcelona as exhibitors.

During the event, Contigo will be unveiling its solution to the new EMIR and REMIT reporting regulations, enTrader Compliance. This extension to the firm’s flagship product has the ability to record and store all data fields that have been made mandatory by the European reporting regulations, as well as including the flexibility required to communicate with multiple Trade Repositories.

Industry experts have forecasted that many organisations which trade in energy, will struggle under the burden of the recently introduced EMIR and REMIT requirements. This is particularly true in relation to those which trade exclusively using spreadsheets or are currently using out dated legacy systems. The key issues for these organisations will be the time consuming nature of data collation from multiple sources, standardisation of the results and the delivery of these to multiple 3rd parties within the tight timeframes required.

enTrader Compliance is a highly flexible and scalable software product that allows clients to remain fully compliant whilst trading in multiple commodities, in multiple markets within just one simple to use solution. By using this product, clients can generate customisable regulatory reports quickly, easily retrieve data from multiple sources and can simply submit trade notifications to repositories from inside the application as required.

EETS will provide an opportunity for delegates to see the full range of Contigo’s products which are designed to enable both retail and wholesale energy companies to manage their portfolios, optimise their trading activities, manage their physical supply chains and control their operational risks. This includes two new enTrader modules, enTrader Credit Risk which is used to effectively manage counterparty credit risk and enTrader Retail which supports advanced hedging strategies to provide clients with a competitive advantage in the retail environment.

Additionally, Contigo will be demonstrating enPrice, its powerful quote calculation engine and portfolio analytics platform that is being used with great success by Bord Gais in Ireland to manage quotations for multiple commodities, in multiple markets and for multiple retail brands.
The EETS event will be hosted at the luxurious Hotel SB Icaria Barcelona and will bring together leading European industry players for discussions on developments in power and gas trading, as well as provide a platform for debate on the upcoming regulatory changes across Europe. Contigo Director Adrian Bullock and Sales Manager David Calmonson will be attending the event.

Contigo’s products are currently used by a variety of firms in the European energy industry, including power generators, utilities, brokers and energy retailers. Organisations such as E.ON, RWE npower and Centrica, as well as Bord Gáis, one of Ireland’s largest utilities, and CNR, France’s second-largest energy provider, are among those benefiting from the enTrader Product Suite.

Uniquely, 100% of Contigo’s clients act as reference sites and provide case studies endorsing their installed products and experiences with the company. Additionally, the firm’s products are used to trade over £1 billion (€1.2 billion) of fuel products annually, and have even helped one client reduce costs by more than £500,000 (€580,000) per month.

To arrange a demonstration of Contigo’s solution for REMIT and EMIR compliance, or to see any of the firms other products, meet with us on stand 3.

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