Trayport Completeâ„ Confirm Rapid Collaborative Service
Trayport initiated a project to develop a Confirmations Service to deliver significant additional value to middle office functions.
The SEFE Group via its subsidiary SEFE Marketing & Trading (SM&T) has worked collaboratively with Digiterre since 2014 on a range of projects. The first of these was the Market Risk Management (MRM) system, which was completed in just five months. This was made possible due to three key factors: Digiterre’s deep domain experience, combined with technical expertise and the close-knit nature of the Digiterre-SEFE team which supported a highly effective co-working style.
Market Risk Management (MRM) Project background
Up until 2014, SEFE Marketing & Trading (SM&T) used an in-house, bespoke trading system. This was originally a curve repository but was adapted over time to also store trades and to provide valuations of simple gas trades. Power trading was subsequently added to the platform, while gas trading was later transferred into a vendor-based ETRM.
The MRM project had the following goals
Real Time Curves (ARC) Platform background
SM&T used a bespoke curve repository tool up until 2017. However, there was a plan to adopt a vendor-based curve management tool, which aggregated market data, provided analytics, and automation price curves. The fundamental problem with this approach was that there was a whole swathe of tools, systems, and capabilities that needed direct or API access or SQL access to be able to consume time series curves and price data, and the vendor product did not support that level of system integration. This meant that although it was a great product, it was unusable by the rest of the organisation.
Get in touchMarket Risk Management (MRM) project:
Digiterre and SM&T formed a well-integrated, tightly-knit project team to maximise the chances of successful collaboration and to optimise knowledge transfer in both directions.
Real Time Curves (ARC) project:
What have been the business benefits of implementing the MRM and ARC platform?
The project was a big success. Phases 1 and 2 were delivered on time. The commercial reality for the business was that it needed to complete the project, resource it externally and deliver on time – and this is exactly what happened.
James Ronnie
Digital Trading Manager
If you would like to find out more, or want to discuss your current challenges with one of the team, please get in touch.