I wonder what this will mean for Energeya, that was acquired by Sungard earlier this year. While SunGard’s owners came out ahead by finally capitalizing on their long held investment, the downside for the business is that these types of transactions will always create some level of fear and uncertainty for the acquired company’s clients and prospects. Source: CTRM Center: With FISs acquisition of SunGard what happens to SunGard Energy? News articles highlighting the acquisition of Sungard: Marketwatch Bloomberg Wall Street Journal
Furthermore, Peter Reitz highlighted the contribution which the energy exchange makes to the success of the energy turnaround. “The market participants need products offering them even more flexible hedging against price risks. We have presented a concept on this and will launch so-called “energy turnaround products” this year. The Cap Futures, which the trading participants can use on the Derivatives Market to hedge against price peaks on the Intraday Market, form the starting point for this productseries.” Source: Summer Reception: EEX discusses the progress of market design with political representatives in Berlin – Parliamentary evening for the further implementation of the energy turnaround
Given that Russia is currently the world’s largest oil producer, and production is largely controlled by a number of state-owned enterprises that is no mean feat. However, it has been achieved after a combination of international sanctions against Russia and a currency crisis made for a unique trade.In effect, Trafigura bailed out the debts of one of Russia’s largest state-owned oil companies in exchange for millions of barrels of cheap oil. Source: How Trafigura became the largest exporter of Russian oil – Business Insider
Energeya offers a full suite for energy and commodity trading floors. This package is used in a number of companies in southern Europe, mainly Italy. One North European company is currently migrating to this package. The product that Energeye offers is based on an open source stack of standard components that deliver the basic functionality. On top of this stack is where the business logic is located that is developed in house. All of the most important commodities appear to have been covered; Each commodity comes as a separate pacakge on top of standard packages. No pricing is shown, but I would assume that it comes a whole lot cheaper than an OpenLink based applciation deployment.