Historic industry eSM milestone passed

Zürich, November 14, 2019 -  History milestone passed. Last week a number of trading organizations performed electronic settlement for OTC trades at Fidectus AG in Zurich Switzerland. For the first time, leading energy traders logged into their Global Energy Network accounts with real-world invoices and purchase orders to perform settlement with actual counterparties. The first electronic matches and bilateral nettings were produced within minutes. 

Participants included Fidectus' Pilot member companies as well as industry members at large. With electronic settlement validated industry members are focused on implementation details. Fidectus wants to thank all the companies who participated in this historic event. 

If your organization missed out on this historic event and has an interest in electronic settlement, please be sure to join our next real-world hands on session.