The Anglo-Dutch APX Group, a provider of electronic exchanges for the wholesale trading of gas and power across North West Europe, today announces that it has progressed developments to incorporate Trayport GlobalVision Trading Gateway compatibility into its EuroLight trading platform.
APX compatibility with Trayport’s GlobalVision product will enable members connecting through Trayport’s GlobalVision Trading Gateway platform to view full market depth, ensuring greater visibility and accessibility of APX’s prices. Support for Trayport’s Trading Gateway will firstly be launched for APX’s gas markets and subsequently extended to APX’s power markets.
Les Male, Commercial Director, APX Group explains, “At the request of our members, we have modified our trading platform to incorporate Trayport GlobalVision Trading Gateway compatibility providing them with an unrivalled Exchange service to view full market depth. Trayport’s Trading Gateway is used widely by the trading community and its introduction will ensure that prices on APX’s screens can be accessed not only from our trading platform but also by those traders who use Trayport’s GlobalVision Trading Gateway product to access market prices.”
“We believe that by including Trayport compatibility, APX brings two key benefits to its members. It not only provides additional routes to APX prices, which will ensure a greater number of traders will view our prices at any one time, but will also lead to greater liquidity on APX markets giving our members greater trading opportunities,” concluded Mr Male.
Elliott Piggott, Commercial Director, Trayport Limited, comments, “Our clients are constantly looking for the best way to manage an increasing volume of trading data. In adding Trading Gateway compatibility, APX has responded to its members’ needs to streamline their operations whilst recognising the benefits of Trayport’s platform for commodity trading.”
In order to introduce this functionality, APX has developed the APX Translator which supports all significant functionalities of both platforms, providing Trayport GlobalVision Trading Gateway users with real-time market information and the ability to submit, modify and hit/lift APX orders. Complete transparency of APX markets is available through GlobalVision ensuring full market depth and that all pricing information available through the EuroLight platform is also accessible for members choosing to view APX’s markets through GlobalVision. Any postings and transactions made (whether directly in the EuroLight screen or through GlobalVision) are immediately reflected across both platforms.
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