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Fidectus partners with enmacc for broker confirmation integration

Picture of Fidectus Fidectus : Published October 10, 2024

Recently we shared the announcement of enmacc’s strategic investment in our company, marking a key milestone in our joint mission to simplify and enhance post-trade processes for energy traders of all sizes.

This week, our companies introduced the first integration of our platforms, delivering seamless data flows between systems. In line with Energy Traders Europe's standard terminology, the 'Broker Confirmation' service is being introduced, with enmacc providing real-time trade data directly to the Fidectus post-trade hub via an API.

By using enmacc’s trade data as the single source of truth, you can expect greater accuracy and efficiency across the entire trade lifecycle, from execution to settlement.

Key benefits include:

Uniform interpretation: Ensures that all parties - enmacc and the two counterparties - have a consistent understanding of the trade, minimising errors.
Operational efficiency: Reduces back-office workload, streamlining OTC trading for all clients, regardless of volume.
Broker fee confirmation: Reconciles trading fees with precision, reducing the risk of invoicing discrepancies.

Together with enmacc, Fidectus is driving the adoption of key post-trade services like confirmation matching, settlement matching, and REMIT reporting, pushing the OTC trading market toward a fully digital future.

For more information, please reach out to your Fidectus Account Manager.