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Today is REMIT reporting day – with newly approved RRMs

Today is the first day of REMIT reporting for all orders and trades that arise from activity on Organised Market Places (OMP).  There has already been a great deal written about the run up to reporting. On Monday ACER issued this notice indicating that their ARIS system is open and ready to receive data.

This week has also seen the approval of 3 more RRMs since the last report:

  • Eirgrid  – Irish TSO
  • Kaasupörssi Oy – Finnish gas exchange
  • Seeburger – An RRM and software supplier based in Germany – see here

The full list of approved RRMs can be seen here.

By tomorrow, all orders and trades arising from activity today will need to be reported to ACER. The market will be watching to see how smoothly this process goes.

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.


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