October 10, 2008
Trayport Extends Agreement With ICAP Energy
Trayport, a GFI Group company and a provider of multi-asset class electronic trading solutions, has extended its agreement with ICAP Energy, a provider of energy brokerage services, for the use of Trayport's GlobalVision Broker Trading System until at least 2011.
ICAP Energy uses the system for broking European OTC energy and related physical and derivatives products. The ICAP Energy agreement reportedly continues Trayport's aim to bring market-leading hybrid and electronic trading capabilities to broking markets worldwide.
Dan Smith, head of broker trading systems at Trayport, said: "Trayport is delighted to be extending our relationship with ICAP Energy and we will continue to work with them to develop electronic trading in the energy markets in Europe. This supports our philosophy to create a long-term and mutually successful partnership with our customers."
Paul Newman, managing director of ICAP Energy, said: "ICAP believes that the extension of our agreement with Trayport will assist our position in the energy market. We look forward to continuing our successful and long-standing relationship with Trayport."