LONDON and NEW YORK: Trayport Limited, a GFI Group company and leading provider of exchange trading solutions, today announced that its exchange platform has full integration with 3i Infotech's Risk Management Solution (RMS), Surveillance (AWACS) and Order Management System (TRADIS) and both companies will use their combined experience to bring proven international technology to commodities exchanges in India. RMS is a real-time Risk Management and Post Trade Analysis System. It also offers exchanges a real-time Surveillance System that allows them to proactively monitor and contain risks. All major risk parameters are monitored in real time with exception alerts.
The bulk and retail supply of power in India changed with the introduction of the Electricity Act in 2003. This led to open access of the transmission network with de-licensing of captive power generation. The Act also led to the introduction of trading as a distinct activity as well as phased open access of the distribution network by respective state utilities. This has provided consumers with more choice subject to open access regulations.
As a result, power exchanges in India are now looking for proven trading platforms with risk and surveillance systems that encourage trading, but have a high level of monitoring and management of risk.
GlobalVision(SM) Exchange Trading System is already being increasingly used by exchanges worldwide. More exchanges are looking for integrated trading and risk management systems that improve their futures and derivatives markets. The full integration of Trayport and 3i Infotech technologies will give exchanges in India an advanced trading platform while providing the best risk monitoring solutions available today.
"Trayport's technology is fast becoming the benchmark for European energy trading, enabling many exchange operated pure electronic markets in power, emissions, freight, coal and gas. Now combining advanced trading and risk management systems from Trayport and 3i Infotech, we believe that Indian commodities exchanges will now also gain the proven and tested tools needed to meet the demands of a quickly growing global marketplace where new market participants are being seen daily. These solutions have the additional advantage of being able to scale and adapt, as the market grows in India," said Paul Constantinou, Head of Exchange Sales, Trayport.
Notes for editors
About Trayport Limited
Trayport® is the leading provider of software to the global commodity trading community. It develops, deploys and supports quality, resilient software for trading in any asset class worldwide in cleared or OTC markets. Trayport's GlobalVision(SM) software is used by the world's largest trading companies in high profile markets that include derivative and cash instruments. Founded in 1993, Trayport has offices in London, New York and Hong Kong. Trayport is a subsidiary of GFI Group Inc. (NYSE: GFIG). More information is available at www.trayport.com
About 3i Infotech
3i Infotech (www.3i-infotech.com) provides software products and IT services for the Manufacturing, Retail & Distribution; Banking, Financial Services & Insurance (BFSI); and Government verticals. The Company's quality certifications include ISO 9001:2008 for BPO, ISO/IEC 27001:2005 for Data Centre Operations and ISO/IEC 20000-1:2005 for Data Centre Management Services. The Company has embarked on re-appraisal under SEI CMM ML 5 for all of its major software development centres in India.
By using its domain knowledge and through continuous investment in technologies, 3i Infotech Limited helps corporations in their businesses through its expertise in enterprise-class software solutions, software services, information security consulting, system integration services, IT infrastructure and Disaster Recovery solutions. 3i Infotech services over 1500 customers in more than 50 countries across five continents.
Forward-looking statement
Certain matters discussed in this press release contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this press release, the words "anticipate," "believe," "estimate," "may," "might," "intend," "expect" and similar expressions identify such forward-looking statements. Actual results, performance or achievements could differ materially from those contemplated, expressed or implied by the forward-looking statements contained herein. These forward-looking statements are based largely on the expectations of the Company and are subject to a number of risks and uncertainties. These include, but are not limited to, risks and uncertainties associated with: acquisitions by us of businesses or technologies; economic, political and market factors affecting trading volumes, securities prices or demand for the Company's brokerage services; competition from current and new competitors; the Company's ability to attract and retain key personnel, including highly-qualified brokerage personnel; the Company's ability to identify and develop new products and markets; changes in laws and regulations governing the Company's business and operations or permissible activities; the Company's ability to manage its international operations; financial difficulties experienced by the Company's customers or key participants in the markets in which the Company focuses its brokerage services; the Company's ability to keep up with technological changes; and uncertainties relating to litigation. Further information about factors that could affect the Company's financial and other results is included in the Company's filings with the Securities and Exchange Commission. The Company does not undertake to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE Trayport Limited
