We’re pleased to announce our strategic investment in Fidectus, a platform provider for unified OTC post-trade solutions.
Fidectus offers cloud solutions for confirmations, regulatory reporting, and settlement processes. It enables energy traders of all sizes to digitise and automate post-trade processing.
While electronic Confirmation Matching (eCM) is well adopted by Europe’s largest energy traders, helping them reconcile trades among each other efficiently, smaller traders and procurement teams are not yet part of this network. The partnership between enmacc and Fidectus will make eCM available to everyone, going well beyond alternative solutions to include:
- All media (electronic, email, and EFET’s eCM)
- All market participants (from large to small)
- All energy commodities (gas, LNG, power, EUAs, GoOs, etc.)
Combining both companies’ solutions will allow energy traders to seamlessly manage all their trades, from execution, confirmation, and regulatory reporting to settlement. enmacc’s trade data will serve as the single source of truth to assure accuracy and timely availability of information throughout the post-trade processes. It reduces manual work, errors, and consequently cost.
Jens Hartmann, CEO at enmacc, says: “This is a big step towards our vision of end-to-end digital OTC trading. We continue to reduce costs and risks along the trading lifecycle which will create more liquidity in the energy markets. The Fidectus team has developed an unmatched solution tackling today’s challenges in the OTC back office.”
Dr. Jens Bartenschlager, CEO at Fidectus, says: “We’re excited to bring our comprehensive post-trade solutions to Europe’s largest network of energy traders. Together, we’ll make OTC post-trade solutions accessible to all energy traders.”
The investment makes enmacc the largest shareholder of Fidectus, which continues to operate as a separate company.
To learn more about the post-trading services, please contact enmacc or Fidectus.
