Zürich/Luzern, 4. May 2022: deltaconX, a leading multi-regulatory service provider in capital, energy and commodity markets, and Fidectus, the leading next-generation post trade processing service provider in OTC energy and commodity markets, today announce they have entered a partnership.
The currently unpredictably market situation requires energy traders increase their velocity, further digitize, and automate their business operations. Market demand for new generation post-trading services has significantly increased. The focus is more than ever on liquidity, credit risk, compliance, and regulatory reporting. deltaconX’s multi-regulatory platform coupled with Fidectus’ Global Energy Network (GEN) drive increased value comprehensively throughout the unified energy post trade lifecycle. The joint solution covers confirmation, regulatory reporting, settlement and netting, financing and payment across commodities and financial products. Customers have several integration options designed to satisfy their requirements in diverse IT landscapes quickly and efficiently.
“By combining strong expertise in regulatory reporting with strong expertise in confirmations, settlements, nettings and payments, our customers not only immediately benefit from material operational and cost efficiencies, they can fully focus on their core business and unlock the full post trade potential to increase liquidity and reduce risk.“ said Fidectus CEO Dr. Jens Bartenschlager.
Thomas Buk, deltaconX Managing Director said “Whilst regulatory compliance obligations are further evolving and costs and efforts to comply will continue to rise, market participants need to find new ways of smart, dynamic and flexible solutions to automate their daily business. The partnership with Fidectus enables our customers to benefit of effortless interoperability across all post trade processes and ensures compliance with their legal requirements while staying competitive in their business.”
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