The European power trading market was liberalised in the 1990’s and has subsequently become one of the most mature and sophisticated globally.
The European energy market achieves the security of supply, competitive pricing and has enhanced service to customers supported by a large number of companies that organise the production, trading, marketing, transmission and supply of electricity.
In 2024, 11,328 TWh was traded in Europe.
Becoming the standard for trading electricity, Trayport’s Joule solution means users can access the physical and financial European wholesale electricity market.
Joule creates a network for market price discovery and helps traders spot arbitrage opportunities between different markets, time periods and commodities. As a result, electricity traders from all over Europe, and beyond, use Trayport’s platform to transact baseload, peakload and off-peak forwards and futures and relevant location, time and cross-commodity spreads with supported venues.
Utilities, banks, funds and industrial consumers use Trayport’s platform to transact derivatives in multiple electricity markets through multiple brokers and exchanges. STP to clearing house for financial power derivatives transacted through interdealer brokers is also available.
The European gas market has been on a journey of liberalisation since the 1990’s. Opening access to gas infrastructure has enabled new players to enter the market, reducing the dominance of existing companies.
This has led to the development of standardised physical and financial products across the market and an active tradable market for gas both physically and financially.
In 2024, 89,405 TWh gas was traded throughout Europe.
Using Trayport’s Joule, traders can access 15+ physical and financial wholesale gas markets including TTF (Dutch Gas), NBP (UK Gas), Henry Hub (US Gas) and JKM (LNG).
Utilities, banks, funds and industrial consumers use our platform to trade derivatives in multiple European gas markets through a variety of brokers and exchanges, and this has now expanded to North America.
Joule helps traders capture the best available prices, and also identify arbitrage opportunities between different markets, time periods and virtual trading points with supported venues.
Joule offers unrivalled connectivity to the venues, brokers and exchanges listing energy commodities for trading. This consolidation ensures maximum price discovery and allows trading strategies – manual or programmatic – to be run from Joule. A full list of the available venues available through Joule are listed below.
For venues, exchanges and brokers, Trayport is able to offer a range of services. The Broker Trading System and Exchange Trading System allow venues to run robust and orderly markets, capable of connecting to the audience of traders using Joule. For Exchanges who have an existing matching engine, Exchange Connectivity can be licensed to reach the network of Joule users.
The Energy complex is increasingly connected, through variability of renewables, alternative sources of power generation and pricing impact of Environmental factors.
Joule offers access to a broad spectrum of Energy Commodities within a single screen. Allowing traders to manage their exposure to the interplay of commodities or recognise trading opportunities within correlated markets.