Energy and Environmental Broker Looks to Streamline Interaction with Traders, Prepare for Dodd-Frank Implementation
Pivot Inc., the leading provider of liquidity management and collaboration software to financial market participants, today announced that energy and environmental markets broker Evolution Markets Inc. will roll out its Pivot 360 product to the firm’s entire US broker team.
Evolution Markets has used Pivot technology solutions for trade collaboration in weather derivative markets. In its current implementation, Evolution Markets will adapt the system’s flexible audit trail, request-for-quote and exchange and clearing house integration modules, which are currently used in OTC weather and energy markets, to enhance execution services for traders and prepare for new regulations mandating pre-trade price transparency and integration with approved trade execution facilities.
“We’ve collaborated closely with Pivot over the last few years, and our firm-wide deployment of the Pivot 360 product will enable us to fully leverage its efficiencies and enhanced liquidity to improve trade execution for our clients,” said Andrew Ertel, president and ceo of Evolution Markets. “At the same time, we also have an eye on future implementation of Dodd-Frank, and Pivot 360 has several attributes that will improve our pre-trade price transparency and connections to exchanges and other trading and clearing platforms.”
“As a developer of flexible software solutions, it is a pleasure to work with clients who see the potential to deploy technology solutions in new ways to deliver value added solutions to the financial and commodity markets,” said John H. Eley, ceo, Pivot Inc. “Evolution Markets and Pivot Inc. enjoy a collaborative relationship enabling both firms to be leading innovators in addressing new business and regulatory challenges,”
Evolution Markets is the world’s highest volume environmental broker, having facilitated more than $75 billion in trades of environmental commodities, since its founding in 2000. The company has become a green markets leader, leveraging experience in the global carbon emissions, renewable energy, weather derivatives, and over the counter (OTC) coal, natural gas, nuclear fuel and biofuels markets.
