The Central European Gas Hub (CEGH) spot and futures markets, operated by the Vienna Stock Exchange (Wiener Boerse), have installed the Trayport GlobalVision Exchange Trading System (ETS).
The Trayport ETS has replaced the older and slower operating platforms for the CEGH exchange markets, which cover the large central European sector. It provides a sophisticated matching engine that should encourage faster cleared and bilateral trading, market operations and data distribution to other exchanges.
According to Bernhard Seiberl, chief operating officer (COO) at CEGH, the operators needed a proven market leading exchange platform that would meet the needs of the market now and in the future. “Trayport’s Exchange Trading System will allow gas traders to combine CEGH markets with other international markets on their screen,” he said. “In addition, the implementation was efficient and seamless.”
The Central European Gas Hub has become the most important trading platform for natural gas in Central Europe, offering international gas trading companies the possibility to trade at Baumgarten and other border points of the Austrian gas grid, opening up the vast supplies beyond towards the Steppes. The CEGH OTC Market and the CEGH Gas Exchange of Wiener Boerse both have spot and futures options.
By Neil Ainger