Like many other ETRM vendors, Igloo has been very busy the past few months picking up a couple of new customers in the last quarter. “Both are Companies from outside of Europe that are starting up power and gas trading operations in Europe,” Igloo’s Dale Emmerson told me. “In fact, a majority of our inbound inquiries are similar as there seems to be massive interest in European power and gas at the moment.” It seems that price volatility in very liquid and well-organized markets is creating much of that interest. Additionally, and as forecast by ComTech in the past, it seems that Direct Market Access (DMA) structures offered by some larger traders are proving attractive. “This ‘intermediation’ frees up access to the market and we see oil and other types of traders using it to enter power and gas,” he told me. Indeed, we have also noted that the energy transition and other trends in the European power and gas markets mean that there is quite a lot of activity with start-ups and new entrants across all segments of the industry. These smaller entities gravitate towards solutions like Igloo and others that are fast to implement and offer robust functionality.… continue reading
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