Brady Technologies acquired Igloo in 2021 as a part of its stated focus on technology to enable the energy transition. Since then, the Igloo team has grown extensively and done a great deal of additional work on the software to be able to serve a broader range of customers in Europe, including physical players in power and gas. It added seven new logos in 2022/23 including three hedge funds and a major global energy trader I was told by Alex Probodziak, Product Manager. Igloo is a cloud-native, modern, and scalable platform that is used both as the main ETRM and sometimes as a supplementary solution for those with a pre-existing legacy ETRM. It supports 24 by 7 power trading across several European power markets and, in combination with PowerDesk Scheduler, provides fully automated trade capture to scheduling, I was told. As a result of customer requests to extend their use of Igloo into other commodities, it now also supports financial ags and softs. Additionally, most financial oil products are now pre-configured within the solution and basic metals contracts are also on the horizon. Igloo’s ETRM can also support algorithmic and high frequency trading. In fact, one customer uses Igloo to… continue reading
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