European Energy Trading and Risk Management (ETRM) specialist, Contigo, is showcasing new functionality and the latest enhancements to its award-winning software suite at E-world 2020.
The company has developed new tools and greater integration options to enhance trading through enTrader®, its award-winning ‘out-of-the-box’ ETRM solution. The changes will provide faster and easier access to data and credit risk information, and further support effective decision making in energy trading.
The company is also demonstrating enVoy; its integrated energy nomination and scheduling platform for UK power, and enFlow; a system to help reduce the manual processes required between systems.
Preconfigured for the European market and available in the cloud or on-premise, Contigo’s enTrader® is a scalable, modular software suite that simplifies energy trading, and is used by leading energy businesses in the UK and across Europe. enTrader® provides instant Position to any granularity and enables straight-through processing from exchanges and venues, including direct access to intraday markets.
Contigo is also demonstrating enFlow; its unique business process automation system. enFlow removes manual processes between energy industry software systems, to reduce operational risk, cost and workload. It manages a variety of time-consuming transactions and tasks associated with energy wholesale and retail operations, logistics, trading and compliance.
Simon Wheeler, Chief Executive Officer at Contigo, comments: "Effective risk management in trading businesses is essential, as is an accurate view of the complete position. Decisions affecting hedge strategy, credit management and deployment of capital in the long and medium term must be well supported with accurate data and timely reports. Similarly, trading decisions in increasingly liquid short-term markets need a complete view of the open position and market conditions.
“With extensive visualisation and integration options, alongside enhancements that strengthen our software suite, we have expanded the services offered by our enTrader® solution, in order to help manage risk and keep a clear view of market and counterparty exposure.”
Contigo is also celebrating new partnerships, after its parent company, Energy One, recently entered into a share purchase agreement to acquire French software company, eZ-nergy.
Contigo: Hall 3-242
Since 2006 Contigo has been developing IT solutions for the complete handling of trading processes in the European energy market. Right from the start, the product strategy focused on web-based applications, which were supplemented by reliable cloud solutions.
The ETRM system (Energy Trading and Risk Management) enTrader®, which is available as an on-premise or cloud version, is used by energy traders and producers as well as by energy distributors, and enables central and far-reaching control and management of the entire energy portfolio.
Thanks to modular expansion options, the software grows with specific requirements at any time and can also be adapted to individual needs.
Contigo is part of the Energy One Group, a global provider of energy trading and risk management solutions.
Contigo Software Limited