you're reading...
REMIT

Polish Power Exchange (TGE) launches “full” RRM

The Polish Power Exchange (TGE) have today announced that they will be offering a “full” RRM under REMIT. A full RRM offers the ability to report all types of trade and order data under REMIT, including off venue data and data from other venues. The press release can be found here.

Organised Market Places (OMPs) such as TGE are obliged to “offer a data reporting agreement” under REMIT, which requires the OMP to forward data that arises from its platform to ACER. A full RRM offers the ability to forward any type of data, no matter where it originated from. In the case of TGE, this obligation is being fulfilled, but members could also chose to forward all other types of data to ACER via their RRM. Some OMPs, including Nordpool Spot, have also launched full RRMs. However others, such as EEX are sticking to fulfilling their obligation to report only their own data.

This launch brings to the table yet another different offering in the diverse spectrum of options to fulfil the first part of REMIT reporting, due on 7th October 2015.

About avivhandler

Aviv is the Managing Director of ETR Advisory, a niche consultancy focused on the regulation of the commodity, energy and financial markets. He has more than 23 years of experience in the financial, energy and commodity markets, covering regulatory compliance, credit, risk and financial technology. Prior to founding ETR, he was Partner at SunGard Global Services, where he built a Centre of Excellence in European Energy and Commodity Regulation. Before that, he founded Coherence, a consulting firm specializing in credit risk in commodity and energy trading as well as software product management. The credit practice ultimately became part of Sirius Solutions, where he was the Managing Director of Europe. He has also held management roles at KWI and Iris Financial, among other organizations. Mr. Handler holds a degree in computer science from Imperial College, University of London.

Discussion

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

w

Connecting to %s