Financial Technologies (India) Ltd (FTIL) has launched five new offerings in the power trading arena.
The company, a leader in multi-asset and multi-currency trading and settlement solutions, launched PowerARMS, Tradedart, TSO Computation System, eRegistry and ECS (Exchange Customisation Services).
These end-to-end applications with seamless connectivity cover various aspects of power exchanges and their clearing operations, which include order management, matching engine, surveillance, risk management, settlement and delivery of multi-asset and multi-currency products, a company statement said here.
“Our products are aimed at simplifying the energy trading market. These highly efficient and innovative solutions are capable of enabling global power exchanges to seamlessly operate across borders,” FTIL Director (Operations), Mr Paras Ajmera, said.
These solutions are currently being used by various power trading exchanges such as the Indian Energy Exchange (IEX). IEX is India’s first-ever power exchange, which commenced operations in June 2008. IEX is India’s no 1 energy trading platform with about 87 per cent market share.