Igloo Sees Significant Market Opportunities

On the verge of completing a very important implementation, Tim Harrison and Dale Emmerson of Igloo are sounding quite excited these days. Last year, Igloo announced a strategic capital investment by CommodityNet Holding, a European fund backed by commodity traders and investors and is now plotting a path to growth. A part of that plan is to bolster the solutions’ physical energy capabilities and that it seems is well in hand. “We’ve been working with an asset optimizer who is launching in a few weeks,” Tim told me as he explained how Igloo has added a lot of physical functionality. This new functionality includes integration with EPEX  and EPEX auctions which complements Igloo’s ability to connect to other trading platforms like Trayport, ICE, and others, meaning that Igloo automatically captures the trades the user makes on those and other venues.  In addition, Tim mentioned capturing balancing activities on the reserve market, aggregate trades, capturing gas hedges, calculation of gas imbalances and carbon exposure and much more. “The client has hugely complex cost structures that has all been built into Igloo,” he told me. The interesting thing is that the client is a physical gas player. “It’s good to have a… continue reading
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