Caroline Davis, Deutsche Börse Market Data + Services
"Our strong regulatory knowhow will help our clients to fulfil new requirements under REMIT."
Deutsche Börse Market Data + Services plans to introduce a strategic global regulatory reporting application for the energy market. The reporting solution will automate, and thereby facilitate, reporting of orders and trades on spot and derivatives markets as required under the EU Regulation on wholesale energy market integrity and transparency (REMIT), which will come into effect in 2015.
The REMIT reporting application is offered
through the Impendium Platform, a cloud platform that handles the
complete lifecycle of REMIT wholesale energy trade reporting from
consumption of trade data to reporting to the EU Agency for the
Cooperation of Energy Regulators (ACER).
"Our experience in the energy market spans more than a decade, offering solutions and services for running cleared and OTC, physical and derivatives marketplaces in the energy sector," said Caroline Davis, head of tools, Market Data + Services, Deutsche Börse. "Our strong regulatory knowhow will help our clients to fulfil new requirements under REMIT. The Impendium Platform enables clients to meet their reporting obligations quickly, simply and with no impact on existing trading infrastructure."