Trayport, a provider of real-time, electronic trading solutions, yesterday released Implied Price Calculator (IPC), a new feature of its flagship GlobalVision platform. The IPC module uses real-time market information and custom-defined rules to generate live tradable implied prices in the market.
The IPC allows users to leverage their own equations and trade against them automatically, adding a new layer of logic to trading with GlobalVision and opening up new opportunities for smarter and more efficient trading, says the firm. Bespoke spreads, utilising native and third party data feeds can be created across instruments and calendars. Currency conversions, spark spreads and clean spreads, for example, are possible with the IPC.
“To ensure we remain ahead of the pack we targeted the IPC as a key execution tool for our expanding commodity trading business,” says Stephen Cornish, vice president, Capital Trading, Essent Energy Trading BV, an early adopter of the IPC that has signed up for Trayport’s GlobalVision Trading Gateway platform. “It provides a stable platform for our cross commodity arbitrage activity and ensures Essent is uniquely positioned to manage real time price exposure on its large formula structured product range. Trayport have developed a platform Essent can really use to keep its edge,” he adds.
According to Edmund Hor, managing director, Trayport Limited, “The energy trading desks at Essent have shown real insight in taking advantage of the new IPC capabilities.” He adds, “We are extremely pleased that they have chosen our GlobalVision platform as a tool for creating their own competitive advantage. We have no doubt that Essent will be very successful with Trading Gateway and the IPC.”