Green Tiger Markets Successfully Completes Beta Software Release
Green Tiger Markets is excited to announce the Beta software release of its proprietary software platform.
GTM is a Business to Business platform that facilitates the forward hedging of electricity on a financial basis by matching platform participants who have opposing price risk management needs.
Participants (who are either “buyers” or “sellers”) enter into forward contracts with other participants (who are either “sellers” or “buyers”). GTM provides matching services, reports market and transaction data, and calculates amounts payable or receivable between parties for transactions entered into on the GTM platform.
The Beta release includes improvements to the Company and User account set up, the Central Limit Order Book for placing and matching bids and offers, as well as enhancements to several risk management and order management features.
Products on the GTM Platform The standardized forward electricity contracts that participants will buy or sell reference the Luzon spot market.
To support participants in managing their load shape risk, GTM created Round the Clock, Peak, and Renewable forward financial products. Each of these products have monthly, weekly, and daily contracts so participants can manage their price risk for different time periods in the future.
GTM Platform Improvements The most exciting feature to be released is the Central Limit Order Book (CLOB). Prior to this release, participants would execute through a Block Trader who negotiates price and quantity and then inputs the transaction onto the GTM Platform on behalf of the buyer and seller.
With the release of the CLOB, participants can place bids and offers on their own behalf for forward contracts directly onto the GTM platform. The Focus Depth Chart feature allows participants to see all of the open bids and offers for each contract. If a participant wants to accept a bid or offer already listed, they can complete the transaction in just a few clicks.
Another way Green Tiger Markets enhances transparency is with the Market Activity feature that displays the Product, Price, and Quantity for all completed transactions.
gtm-b2b-platform © 2020 Green Tiger Markets. Image of business-to-business platform for buyers and sellers.
We are excited to bring the Green Tiger Markets platform to the energy sector of the Philippines.
If you have any questions, please contact [email protected].
About Green Tiger Markets Green Tiger Markets (GTM) was formed by experts in commodities price risk management and technology development to bring Transparency, Liquidity, and Stability to the Philippines electricity market. GTM is building a world class Business to Business platform that facilitates the forward hedging of electricity prices on a financial basis by matching platform participants who have opposing price risk management needs.
Participants (who are either “buyers” or “sellers”) enter into Forward contracts with other Participants (who are either “sellers” or “buyers”). GTM provides matching services, reports market and transaction data, and calculates monies payable or receivable between parties for transactions entered into on the GTM platform.
GTM is not a participant in the wholesale physical electricity market in the Philippines, nor is it an exchange or a clearinghouse.
