Tradition links up with Komgo for energy credit optimisation
New partnership is one of four initiatives competing for dominance in wake of 2022 gas price spike
Interdealer broker Tradition has teamed up with tech vendor Komgo for a systematic credit optimisation service, which aims to reduce counterparty exposure among energy traders. The service is one of a handful of competing initiatives designed to stave off a repeat of the widespread credit breaches which brought trading to a halt in August 2022 when gas and power prices skyrocketed.
The partnership sees Komgo fill a gap in its one-year-old rebalancing tool, by offering automated execution of risk
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