Archive News – www.griffinmarkets.com

News: Archive News

Griffin launches non-MTF service for physical forwards

December 16th, 2013

London 16th December 2013 – Griffin today launched a non-MTF execution service for physical gas and power products.

The new service – which operates on Griffin’s existing ICE platform – comes in response to growing demand from the market for an efficient discretionary execution service.

Griffin’s solution has received approval from the UK Financial Conduct Authority (FCA) and will enable participants to execute transactions using a discretionary workflow outside of the MTF regime.

Griffin’s transparent fees remain unaffected. All existing fee caps and rebate schemes will continue in force offering reductions on fees for trades executed across the platform. Griffin leads the way in offering the same fee structures for all users of its platform and is open and transparent about publishing these on its website for customers.

Conscious of the need to minimise technical changes for customers, Griffin has designed its non-MTF service with the objective of avoiding any IT implementation work. As a result, users of Griffin’s platform will be able to start using the new non-MTF service – known as the Whiteboard Assisted Execution (WAX) – without any delays for IT work.

Griffin launches non-MTF service for physical forwards

December 16th, 2013

The full press release can be downloaded from here:

 Griffin non-MTF Announcement

 

Griffin offers low risk, low cost clearing to ICE-ENDEX

October 8th, 2013

London, 8th October 2013 – Griffin is now able to offer fully automated, straight through clearing for ICE-Endex cleared trades following the migration of ICE-Endex’s clearing function to ICE Clear Europe.

The movement of clearing to ICE Clear Europe means that ICE-Endex EFP trades for TTF, NCG, Gaspool, Dutch Power and Belgian Power executed on Griffin will benefit from a low risk automated clearing link.

Griffin is able to offer this service due to the fact that its markets operate on the ICE platform. ICE-Endex EFP trades executed away from the ICE platform cannot, by contrast, take advantage of the same automated process.

Customers are also able to take advantage of Griffin’s competitive gas commission structure with trades initiated through Griffin being the cheapest way to execute UK and European gas.

Griffin offers low risk, low cost clearing to ICE-ENDEX

October 8th, 2013

The full press release can be downloaded from here:

 Griffin offers low risk, low cost clearing to ICE-ENDEX

 

Griffin to contribute trade data to ICE NBP Day Ahead and Weekend Indices

September 30th, 2013

London, 25 September 2013 – Griffin will contribute its NBP trade data to ICE’s new NBP Day Ahead and Weekend Indices.

The new indices are being created following requests from market participants for an open access, trade backed, volume weighted index which is administered and published by a credible, regulated exchange.

The new indices are being launched on 30th September 2013 and will be derived from all relevant trades executed on the ICE platform, including the Griffin markets.
Griffin believes that the advantages of contributing its data to these indices mean that the market can benefit from:

  • Open, transparent, verifiable and robust indices administered and calculated by a regulated exchange with a long established history of providing leading benchmark pricing indices for NBP gas and many other worldwide energy markets.
  • A suite of ICE platform indices to which any broker using WebICE technology to deliver its markets, whether now or in the future, is able to contribute.
  • Indices which include OTC bilateral and futures trades thereby adding depth and coverage, giving counterparties confidence that the index will reflect market pricing regardless of any short or long term change in market preference between cleared and bilateral trade execution.
  • A choice of full day or window based indices all providing trade backed, volume weighted calculations to give counterparties flexibility in use.
  • Publicly available index accessible via the web at https://www.theice.com/marketdata/reports/ReportCenter.shtml#report/157

Griffin to contribute trade data to ICE NBP Day Ahead and Weekend Indices

September 30th, 2013

The full press release can be downloaded from here:

 Griffin to contribute trade data to ICE NBP Day Ahead and Weekend Indices

 

Griffin Markets Limited launches European power

September 4th, 2013

London, 4th September 2013 – Griffin Markets Limited (‘Griffin’) today launched European power to the complement the UK and European gas hubs and financial coal products that are currently traded through its platform.

Initially Griffin has launched the German, French, Dutch and Belgian power markets with other markets to follow based upon customer demand. Contracts are listed across the full suite and run from day ahead to the calendar contracts with load shapes including base-load, peak, and off-peak.

Physical and financial products are available for bilateral trading plus OTC clearing through ICE-Endex and EEX where possible.
Please contact Oliver Maibaum or your Griffin account manager for further information.

 

Griffin Markets Limited launches European power

September 4th, 2013

The full press release can be downloaded from here:

 Griffin Markets Limited launches additional European gas hubs

 

Griffin Markets Limited launches additional European gas hubs

May 13th, 2013

London, 13th May 2013 – Griffin Markets Limited (‘Griffin’) today added more European gas hubs to the NBP and TTF products currently traded through its platform.

Following demand from customers the following hubs have been launched:

  • Austrian VTP
  • Gaspool
  • NBP (in Euro/MWh)
  • NCG
  • Peg Nord
  • Peg Sud
  • Peg-TIGF
  • PSV
  • Zeebrugge (in pence/therm and Euro/MWh)

Initially, these hubs are available for bilateral trading plus OTC clearing through ICE Clear Europe where possible. OTC clearing through the exchanges of EEX and PowerNext will follow soon afterwards.
In accordance with Griffin’s fees schedules, as published on its website, these new products sit within the existing Griffin markets of either “UK Gas” or “Continental Gas” and the associated monthly fee caps by market apply. For example, all TTF, GasPool, NCG and other continental gas trades count towards the low monthly cap for Continental Gas. Further information can be found at:
http://www.griffinmarkets.com/benefit/transparent-fees
Please contact your Griffin account manager for further information

Griffin Markets Limited launches additional European gas hubs

May 13th, 2013

The full press release can be downloaded from here:

 Griffin Markets Limited launches additional European gas hubs