Deutsche Börse enhances its IT for Energy offering

Deutsche Börse IT announced today that it has significantly enhanced its IT for Energy product offering. The electronic trading service called ComXerv has been upgraded with two new functionalities in October 2012.

Since 1 October, ComXerv also provides an algorithm for implicit allocation of cross-border energy capacity across multiple borders. The algorithm maximizes usage of available capacity by taking into account all possible routes when calculating the available cross-border capacity. This approach increases the liquidity and price transparency in all connected energy markets. This new functionality is available via a non-discriminatory, low latency access using a Messaging Interface based on the internationally established AMQP standard. It fulfills the requirements of the European Intraday Target Model for power trading.

As of 16 October, ComXerv will also provide an enhanced trading model, where users can act as liquidity providers. Orders entered by regular trading participants will be executed only against orders entered by the liquidity providers. This new functionality can be offered as a stand-alone system or integrated into existing markets. In the integrated set-up, the new functionality will benefit from the liquidity of the regular trading phase.

This latest system upgrade will enable Transmission System Operators (TSO) to balance their positions during a dedicated trading phase, following the regular trading phase of a power exchange or in a dedicated market. Furthermore, the new functionality can be used by brokerage firms to organize dedicated markets, in which they act as central liquidity providers.

Further information:
ComXerv brings together various buying and selling interests in the energy market electronically – providing a large number of market-specific system features. It offers access to multiple products and markets, including, for example, intraday cross-border trading and electronic trade management processes for OTC trading.
The ComXerv Service offers a non-discriminatory low latency access using a Messaging Interface based on the internationally established AMQP standard. It fulfills the requirements of the European Intraday Target Model.