Baymarkets has designed a new OTC price discovery and execution platform for making trading energy futures, swaps and options easy.
Crude Oil, Natural Gas, Electricity, Ethanol, Coal and Environmental Commodities are all covered in the range of energy products handled by the platform.
EDGE Energy is an ideal system for brokerage firms, banks’ sell-side and anyone planning to create an electronic marketplace in the energy space. Brokers can increase their deal flow by attracting traders to the broker-centric screen where they can view their own activity. Brokers can offer screen trading by granting full access rights.
The system can be used as an internal whiteboard and order management system that easily connects offices worldwide, helping brokerage firms expanding their business to multiple sites.
Market-makers and other WhenTech Markets®-enabled clients can feed their WhenTech Valuations live into the platform.
CME ClearPort® integration enables straight through processing (STP), and the platform includes the additional possibility of assigning any clearinghouse to a trade.
Trading of any multi-legged options strategies/structures and delta-hedged trades has never been easier. Post-execution, the system automatically generates and reports individual trade legs for reporting and STP.
Increase efficiency by removing market data handling from Word/Excel; stop handling paper tickets and doing tedious manual work. From creating a market, to execution, to clearing with a few clicks: save valuable minutes per trade while eliminating the risks of manual errors.
For regulatory changes, such as qualifying for an SEF, the system gives brokers a head start in compliance. The system maintains historical data and activity in a safe place, always accessible through an intuitive user interface, with the additional benefit that management can always obtain an overview of the company’s order and trade flow. Regulations are being put in place in America as well as Europe and participants in the OTC markets need to be prepared. Having a system like this, when the changes are enforced, means hassle-free adaptation.
Internet-based, and ready to deploy EDGE Energy, is the next step up from IM communication. Anyone can set up custom market views with an intuitive drag-and-drop interface, making the transition to hybrid/electronic trading easy.
Baymarkets’ EDGE Energy is the outcome of Baymarkets’ experience in providing OTC trading platforms to world class clients, trading multiple asset classes worldwide. Baymarkets’ excellence in options is renowned and has made EDGE options handling unique and far more developed than any other system of its kind.
By incorporating all parts of the business flow, creating markets, executing trades, automatically sending confirmations, tracking business and trade statistics, managing metadata, and more, the system adds real value for brokers and trading firms.
The system is based on the EDGE OTC derivatives trading system, which supports handling of multi-legged options strategies, futures and swaps. EDGE is integrated with a number of clearinghouses in addition to CME, such as LCH (LCH Clearnet) and OMX (OMX Secur). It is built as a stable trading engine, being configurable to adapt to any OTC market. EDGE is used in equity markets around Europe, commodities markets in Asia and Energy markets in the US. EDGE can handle complex multi-legged derivative, physical, structured and even multi-asset products. Different instruments, in different asset classes, from different trading venues, with a mix of bilateral and cleared interests, can be traded simultaneously on the same screen.