Fidectus and Previse Systems have entered a strategic partnership

Zürich, Zug, September 17th, 2021 – Fidectus and Previse Systems today announced a strategic partnership to add Fidectus’ post trade processing capabilities to Previse Systems’ Coral Ecosystem.

This strategic partnership enables EFET´s electronic Settlement Matching (eSM) and electronic Confirmation Matching (eCM) out of the box, while keeping clients’ total cost of ownership at a bare minimum.

With native connectivity between the two platforms, the client community can now take advantage of a next generation ETRM solution combined with comprehensive post trade capabilities in energy trading, enabling straight-through processing of trade confirmations, settlements, nettings, financing, and payments. Jointly the Fidectus and Previse Systems services become a seamless experience maximizing clients’ ROI.

“The partnership with Fidectus is a great example of how our ecosystem concept fosters collaboration among vendors of complementary products, enabling customers to compose “best-of-breed” solutions. We believe that our customers are looking for the value and flexibility provided by open architectures and a modern technology stack. For many companies, replacing aging and inefficient systems with an ecosystem-approach becomes an interesting alternative as it ensures innovation without the costs, risks and lock-in effects associated with legacy architectures and connectors,” says Asbjørn Hansen of Previse Systems.

Jens Bartenschlager of Fidectus says: “We are happy to join forces with Previse Systems into a new era of energy trading. This partnership further accelerate adoption of our next generation post-trade and cross-company services and creates additional benefits to our joint client community.”

Join us to see a live demonstration on the integration of these two industry leading innovators at the ETOT 2021 conference in London, October 5-6, 2021.