Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Enel Buys Trayport System for Internal Power Buying and Selling

May 11 (Bloomberg) -- Enel Trade SpA, a unit of Italy’s biggest power company, bought an internal energy trading system from GFI Group Inc.’s Trayport, the London-based technology company said in an e-mailed statement.

Enel will use Trayport’s Internal Marketplace system to trade between its group companies before entering the wholesale markets. The internal buying and selling will reduce operative risks and costs, maximize netting opportunities and simplify traders’ execution, Leonardo Zannella, head of trading at Enel Trade, said in the statement.

GFI, the New York-based inter-dealer broker of derivatives and securities, bought Trayport in February 2008.

Brokers including ICAP Plc, GFI Group Inc., Tullet Prebon Plc, Spectron Group Ltd. and Tradition Financial Services compete for over-the-counter trades.

To contact the reporter on this story: Lars Paulsson in London at lpaulsson@bloomberg.net

To contact the editor responsible for this story: Stephen Voss at sev@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.