CpML for eSM makes step forward with advice from Fidectus pilot group

Zürich, March 11, 2020 – The European Federation of Energy Traders (EFET) has requested industry feedback and subsequently updated the CpML schema for electronic Settlement Matching (eSM). A powerful tool in this decision process was the feedback received from interested traders, as well as the real-world experience gained from the Fidectus pilot group.

The Fidectus pilot group leveraged the working knowledge gained over the past year while validating the industry’s first commercial settlement matching platform. Their hands-on experience provided valuable insights into how the eSM standard performs in live operational environments, highlighting opportunities to improve efficiency, scalability, and robustness.

“The industry has started to take seriously the points our pilot customers called out last year. We value the community's input and will continue to make our recommendations transparent to the workgroup and community at large,”
said Dr. Jens Bartenschlager, CEO of Fidectus.

The collaborative approach between EFET, market participants, and service providers reflects a broader industry trend toward open standards and interoperability. As settlement volumes increase and post-trade processes become more automated, ensuring that standards are both practical and scalable is critical for widespread adoption.

With the publication of version 2.0.3 of the eSM CpML schema, EFET has implemented the findings and recommendations put forward by Fidectus’ pilot group customers. The updated schema introduces a leaner structure, enabling more efficient processing, reduced strain on platform capacities, and a lower potential for operational errors. These improvements support faster processing times and help market participants better manage growing transaction volumes.

The update marks an important step in the continued evolution of the eSM standard and demonstrates the value of incorporating real-world operational feedback into standard development. By aligning technical specifications more closely with actual market needs, EFET and its members are helping to build a more resilient and efficient post-trade infrastructure for European energy markets.

Fidectus remains committed to supporting industry standardisation efforts and to working closely with EFET, traders, and service providers to drive transparency, efficiency, and innovation across OTC post-trade processes.