The Project

High volume congestion trading business expanded into environment products. Getting these new transactions into the CTRM platform was an imperative.

Essentia Provided

• Essentia deployed deal-to-cash capabilities for over 20 North American renewable energy certificate (REC) and emissions products
• Customized the vendor’s environmental products module to meet sub-deal inventory receipt, as well as sub-hourly valuation, mark-to-market reporting, and matching requirements
• Integrated the CTRM with 3rd party software Broadpeak K3 to support capture and reconciliation of environmental exchange trades

Client Benefits

By capturing the REC business alongside power, gas, and congestion, a holistic view of all trade portfolios enables optimal position management and profitability for this trading shop.

About the Client
Diversified power and gas services provider and high-volume trading shop

Industry
Downstream > Capital Markets

Commodities
Renewables
Power
Gas
Congestion
Derivatives

Technologies used
Allegro
Broadpeak
K3
ICE
CME
Nodal

Essentia provided offerings
CTRM Deployment
Cloud Managed Services