Igloo Powers Brady’s Short-Term Power Ambitions

Last October, Brady acquired Igloo and in that same month, we spoke with CEO, Bernard Delahaye who told us, “Brady has decided to invest in building a new program with PowerDesk, supplemented via the acquisition of Igloo, to provide a modern ETRM platform onto which it can migrate some heritage IP. Igloo was also built with intraday power markets in mind and its combination with PowerDesk will provide an all-new type of ETRM plus short-term trading solution for today’s energy markets.” It had been quite some time since I had seen Igloo in action and so last week, Brady gave me an update and demonstration of the solution. The first thing to note about Igloo perhaps is that it uniquely handles some of the specifics required by commodity trading hedge funds as it started out in the hedge fund side of things. This functionality is very useful as it allows segmenting of trades, profits, expenses and so on by account or similar. This functionality works nicely for those working with DMA providers, for example, or possibly for DMA providers themselves. The second thing to note is that it is a new entrant and built on all modern architectures and software… continue reading

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