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Nord Pool Gas A/S increases liquidity in new electronic spot gas market with Trayport GlobalVision

Trayport, a leading provider of real-time electronic trading systems, today announced Denmark’s Nord Pool Gas A/S has gone live with its GlobalVision Exchange Trading System. The implementation allows Nord Pool Gas A/S to replace its voice trading system and quickly launch an electronic spot gas market to help increase liquidity and provide participants with a better view of market activity.

“As the central counterparty for gas trading, Nord Pool Gas A/S recognised the need for market players to be able to contribute to the development of a dynamic market”, said Kenneth Dupont, Managing Director, Nord Pool Gas A/S. “To enable this, it was vital for us to facilitate electronic trading for our customers and, having used Trayport myself in previous roles as a trader, I know first hand how easy and intuitive it is to use the GlobalVision system. Trayport was also able to help us meet our ambitious goals such as delivering the new spot gas market within three months, something that was vital for the success of the project.”

Trayport’s GlobalVision is widely recognised as the industry standard trading platform for the energy market. It has enabled Nord Pool Gas A/S to improve information flow between participants, allowing them to more closely monitor activities, place their own bids and orders, and receive the latest market information in real-time.

“Key to this project was the ability to deliver quickly and efficiently”, says Paul Constantinou, Sales Manager - Exchange Systems at Trayport. “To do this, it was fundamental Nord Pool Gas A/S partnered with a company who both knows the market they are working within and understands the specific needs of market participants in that area. GlobalVision is the system of choice for new markets in the energy sector, making it ideal for Nord Pool’s new spot gas market.”