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REMIT

REMIT Phase 2 day 2 – announcements

Today is the first working day after REMIT phase 2 reporting started. Any new trades executed yesterday, which are “standard” trades must be reported to ACER today. An off venue standard trade is one which can also be traded on an Organised Market Place (a “look alike”). Some extra discussion on the definition of a standard trade was added recently to the TRUM (page 19).

Of the  announcements so far : EFETNet have issued this press release announcing the start of phase 2 reporting using their eRR service, and  TGE have issued this press release announcing the start of their service. More announcements are likely to follow.

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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