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Griffin Markets to launch new natural gas, electricity and coal OTC platform

25 Apr 2012 15:05:27 | csd edem esgm

A multilateral trading facility (MTF) will be launched by Griffin Markets Group in the third quarter of 2012, offering over-the-counter (OTC) natural gas, electricity and coal contracts, subject to approval by the UK's Financial Service Authority.

The platform will offer services from pre-trade counterparty credit management to post-trade processing and settlement. Voice brokering also will be available for less liquid markets.

The platform is set to "provide OTC gas and power participants with an innovative way of executing and processing their business via a more flexible and secure electronic trading venue".

The MTF will be distributed by WebICE, the front end to the IntercontinentalExchange's (ICE) trading platform.

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