GFI Market Data to supply coal, power, gas and emissions
GFI Market Data, a division of GFI Group Inc. (NYSE:”GFIG”), announced today that it has entered into an agreement with the US corporation Summit Energy by which GFI will supply Summit with market data on European gas, power, emissions and coal. GFI will provide historical data as well as streaming updates.
Mark Daubney, a trader at Summit Energy stated: “We use GFI data screens to monitor the wholesale markets and ensure that when dealing with suppliers and or banks to purchase energy and commodities they are reflective of current spreads and prices offered in the OTC market”.
“We are very pleased to welcome Summit Energy as a client - a further sign of our expansion into the US market” said Sue Poulin, Commercial Head of GFI FENICS and Market Data for the Americas, “Due to our highly experienced brokers and our systems being deeply penetrated into these markets, we are confident we will provide Summit with the quality data in energy and the commodities it requires.”.
Summit Energy provides energy management and sustainability services to organizations in a wide range of industries. Summit Energy began in 1991 as a small natural gas consulting firm in Louisville, KY, USA. Summit Energy has grown into a global company that excels in leading companies to cost-effective and sustainable energy.
Through GFI EnergyMatch® Europe, GFI Group’s energy and commodities electronic trading platform for Europe, GFI Market Data provides a comprehensive view of executable and executed prices in the Power, Gas, Emissions, Coal and Freight markets. EnergyMatch ® Europe runs on Trayport®’s Broker Trading SystemSM technology. Trayport is a leading provider of energy trading solutions to traders, brokers and exchanges worldwide. It develops, deploys and supports quality, resilient software for trading in any asset class worldwide in cleared or OTC markets.