Indian Energy Exchange Ltd (IEX), a Power Exchange in India, has successfully launched Power ARMS TM (Power Automated Risk and Matching System) – a new trading & clearing software across its pan Indian Day Ahead Market(DAM).
PowerARMS TM is an ideal electronic trading, risk management and clearing & settlement platform for the energy
market. Built using cutting-edge technology and domain expertise, the energy solution facilitates easy integration and deployment on the exchange in an optimum time period.
“PowerARMS TM is an agile and efficient world class solution, aimed to enable IEX cater to advancements in Indian Power Markets. It bolsters IEX to cater to the large numbers, thereby enabling Bulk & Retail market on the same platform. This is part of IEX’s constant effort in offering a state-of-art Exchange platform to our Members. ” said Mr. Jayant Deo, MD & CEO, IEX.
IEX is India’s first-ever power exchange which commenced operations in June 2008. IEX Operates Day Ahead Market (DAM), Term Ahead Market (TAM) and Renewable Energy Certificate (REC) Market in India. It has been a commendable journey for IEX over the last three years. The Exchange is India’s No.1 electricity trading platform with about 90% market share; highest daily volume of 63,530 MWh (2011, DAM), average daily turnover of 41,643 MWh (2011). Since its inception, auctions have been made for every single hour of the day till date, accounting to trading of more than 31,000 hourly contracts.
The Exchange Technology Division of Financial Technologies (India) Ltd (FTIL), a leader in next-generation multi-asset and multi-currency trading and settlement solutions, covering pre-trade, trade and post-trade operations, has provided the POWERARMS TM solution “PowerARMS TM".
The energy solution enables double-sided closed auction with equilibrium price discovery in Day-Ahead Auction
with flexible time periods and Transmission Congestion Management, including integrated Automated Real-time
Risk Management.
|
