Zürich, October 7, 2019 - Fidectus, a leader in the emerging electronic settlement matching (EFET eSM) space for European OTC energy trading, announces its plans to open-source key elements of its platform.
Today, eSM interoperability is far from a reality and the decision of which vendor to pick is made with uncertainty and the hope that all vendors live up to their promises. Open
sourcing enables interoperability by empowering EFET and the market to contribute. Transparency and control by the community removes risks. Basic matching and connectors are commodity and opening the technology ensures interoperability and development of higher value features. This strategic investment demonstrates Fidectus’ commitment to EFET and the industry.