23rd September 2024, Zurich and Munich - Fidectus, a platform provider for unified Over-the-Counter (OTC) post-trade solutions, gains strategic investment from enmacc, Europe’s largest market venue for digital OTC energy trading, to accelerate post-trade innovation.
Fidectus offers cloud solutions for confirmations, regulatory reporting and settlement processes. It enables energy traders of all sizes to digitise and automate post-trade processing.
While electronic Confirmation Matching (eCM) is well adopted by Europe’s largest energy traders, helping them reconcile trades among each other efficiently, smaller traders and procurement teams are not yet part of this network. The partnership between enmacc and Fidectus will make eCM available to everyone, going well beyond alternative solutions to include:
- All media (electronic, email, and EFET’s eCM);
- All market participants (from large to small); and
- All energy commodities (gas, LNG, power, EUAs, GoOs, etc.)
Combining both companies’ solutions will allow energy traders to seamlessly manage all their trades, from execution, confirmation, and regulatory reporting to settlement. enmacc’s trade data will serve as one source of truth to assure accuracy and timely availability of information throughout the post-trade processes. It reduces manual work, errors, and consequently cost.
Jens Hartmann, CEO at enmacc, says: “This is a big step towards our vision of end-to-end digital OTC trading. We continue to reduce costs and risks along the trading lifecycle, which will create more liquidity in the energy markets. The Fidectus team has developed an unmatched solution tackling today’s challenges in the OTC back office.”
Dr. Jens Bartenschlager, CEO at Fidectus, says: “We’re excited to bring our comprehensive post-trade solutions to Europe’s largest network of energy traders. Together, we’ll make OTC post-trade solutions accessible to all energy traders.”
The investment makes enmacc the largest shareholder of Fidectus, which continues to operate as a separate company.
To learn more about the post-trading services, please contact enmacc (info@enmacc.com) or Fidectus (info@fidectus.com).
About Fidectus
Fidectus is a Swiss-based company founded in 2019, dedicated to enabling energy traders of all sizes to digitise and automate OTC cross-company post-trade processing. Our Global Energy Network (GEN) platform connects clients with all their counterparties and offers tools for confirmation, regulatory reporting, settlement, netting, financing, and payment. GEN supports interfaces with major C/ETRM, accounting, and settlement systems through various communication channels, file types, and standards, including ISDA, and EFET. Clients experience a quick return on investment, and improved operating profitability, gaining a competitive advantage in the market.
About enmacc
enmacc is Europe’s largest market venue for OTC trading of energy and environmental commodities. Their digital market venue includes power, gas, Guarantees of Origin, Renewable Energy Guarantees of Origin, emissions allowances and weather derivatives, enabling members to trade faster, more widely, and with greater control. enmacc is trusted by over 2000 traders from over 560 member companies, including large utilities, industrials, energy majors, trading houses, financial institutions, and municipal suppliers. enmacc leverages its reach to create efficient markets in energy and environmental commodities to accelerate the energy transition.
Fidectus : Oct 10, 2024 11:03:01 AM
Fidectus