Fidectus chosen as eSM provider for RWE Supply & Trading

Zürich, August 05, 2020 – Today, Fidectus is proud to announce RWE Supply & Trading GmbH, one of Europe’s leading energy traders, has chosen the Global Energy Network (GEN) as its platform for electronic Settlement Matching (eSM). 

“The Fidectus GEN helps us to further automize our post-trade process, while also laying the foundation for future benefits such as multilateral netting and predictive financial analyses”, says Emma Law, Head of Back Office at RWE Supply & Trading.

Going Live with the Global Energy Network marks a historic milestone for the energy industry. By removing the last manual process step in the OTC energy deal life cycle the post-trade process is now fully digitized. Implementing eSM on the Global Energy Network enables energy traders to significantly reduce settlement risk and optimize working capital while supporting the industry’s transition towards more sustainable operations.