Griffin Markets Group was founded by leading European energy professionals with the vision of increasing choice and reducing execution costs for market participants.
Griffin’s new service is timely. Over the past decade Griffin’s leadership team has seen an increase in liquidity at key hubs and an accompanying increase in electronic trade execution. Due to the financial crisis, the pressure on companies to control costs has also increased. But the technology options available in the OTC energy space have decreased.
To deliver its vision, Griffin’s facility is hosted on IntercontinentalExchange Inc’s (ICE) market leading trading platform. On WebICE, Griffin will list the same bilateral and OTC cleared contracts in European gas, power and coal that participants currently trade through brokers.
Participants can look forward to trading with Griffin and enjoying the full benefits of cheaper and more efficient electronic execution all backed by advanced trading technology.
Griffin launched its electronic trading system for the European energy markets on Tuesday 26th March, 2013.