We are ready for Sphirra, the new OTC market
Sphirra is a new trading platform built for the energy industry, going live very soon and leading to higher competition between broker platforms. The high-performance trading platform purposely built for the energy industry is launching with the support of Europe’s largest energy traders, offering traders more choice over how they do business. Combined, the Steering committee alone consists of some of the largest energy trading companies in Europe.
EXXETA supports you with out-of-the-box Sphirra-ready solutions for the upcoming go-live. Multi-market and multi-commodity trading on Sphirra, Trayport and numerous other exchanges via one screen is directly available.
Advanced features for traders and brokers with EXXETA
- Multi-market and multi-commodity trading on Sphirra, Trayport and numerous other exchanges via one screen.
- Combined orderbook including Sphirra, Trayport, OTC markets (brokers as e.g. Spectron, ICAP, TFS etc.) and exchanges.
- Implied prices, vertical and horizontal.
- Data basis for regulatory requirements by automatically reading, processing and storing deal and market data.
- Available as Software as a Service (SaaS).
- Access to various exchanges and brokers via one trading front-end founds the basis for cross-marketplace activities (e.g. in the field of algorithmic trading).
The EXXETA Energy Trading ecosystem, consisting of the Energy Trader, the Internal Market and the Market Adapter, is already Sphirra-ready and offers customers easy access to this new market.
With EXXETA Energy Trader (EET) already being Sphirra-ready, multi-market and multi-commodity trading on Sphirra, Trayport and numerous other exchanges via one screen is directly available. EET consolidates the various native exchange and broker front ends into a uniform trading application and expands it with cross-market and cross-exchange trading functions.
The EXXETA Internal Market (EIM) is the internal marketplace for commodity trading and enables a connection to external price sources, internal matching of internal orders, forwarding of internal orders to external markets (order routing) and much more. With EIM, energy traders can even automate trading activities thanks to algorithmic trading.
With EXXETA Market Adapter (EMA) already being Sphirra-ready, a component for capturing deals and other data is available. Data (e.g. tick data) for reporting purposes (e.g. MAR surveillance, MiFID) can be provided. EMA transforms the heterogeneous market data into one consistent format so you don‘t have to worry about market specifics.
What is Sphirra?
Sphirra is a new trading platform for the energy industry and intends to be supportive for an evolution of European energy trading. According to Sphirra, trading companies and brokers signed on representing over 50% of traded volume in Europe’s energy markets. According to Sphirra, the platform will offer traders and brokers choice of where they trade and some of the largest energy trading companies in Europe are involved in the steering committee. BGC Brokers signed up to the Sphirra Trading Platform to offer European gas, power, coal and emissions market services.
We look forward to exchanging ideas on how to make your Energy Trading activities more efficient and profitable.