JULY 20, 2023 – LONDON and NEW YORK – Beacon Platform is pleased to announce that they have recently signed a Certified Solutions Provider agreement to allow mutual clients to integrate Beacon’s energy trading and risk management (ETRM) system with Trayport’s Energy Trading platform. Subject to a successful certification, this will improve and enhance the connectivity between the European Energy producers, utilities, brokers, and traders to Beacon’s ETRM system and allow the market participants to adapt to changing markets, access more powerful analytics, and rapidly adopt new instruments.
Trayport is the primary network and data platform for European wholesale energy markets. Their network and solutions provide choice, and support the growth of trader, broker, and exchange clients and trading markets. Their solutions are used worldwide in multiple asset classes across OTC and cleared markets.
Beacon is a trading, risk management, and development platform that enables energy and commodities traders to increase the transparency and efficiency of their operations. The company’s cloud-native platform includes configurable financial instrument definitions, cross-asset risk and reporting applications, and a broad range of integration points.
“We are excited about our Trayport Solutions Provider Certification and the current and future benefits this relationship brings to our mutual clients. By adding the connection to Trayport’s network, our clients get efficient and seamless access to European energy data on our platform, enabling them to improve visibility and evaluation of risks and optimize holdings in potentially volatile markets,” said James Corrigan, President of Beacon.
ABOUT BEACON
Beacon is a financial technology firm that provides everything quantitative developers need to rapidly build, test, deploy, and share trading and risk applications, analytics, and models. Developed by a team with unmatched financial markets experience, Beacon’s unified platform includes the apps, tools, and infrastructure firms need to migrate their software and infrastructure to the cloud, manage risk across all asset classes, and focus on building innovative strategies that provide a competitive edge. For more information visit www.beacon.io.
