Amphora and Fidectus have entered a development partnership
Fidectus and Amphora today announced a development partnership to add Fidectus’ post trade services to the Symphony CTRM solution.
Fidectus is a Swiss-based company revolutionizing post-trade processing for the over-the-counter energy and commodity markets. Their Global Energy Network (GEN) connects market participants and enables them to significantly reduce cost, risk, and illiquid capital through intelligent tools for reporting, confirmation, settlement, netting, financing, and payment. Clients can now better manage their working capital and improve their operating profitability putting them at a competitive advantage.
This partnership enables EFET´s electronic Settlement Matching (eSM) and electronic Confirmation Matching (eCM) out of the box for derivatives, expanding value by creating an integrated workflow between the Symphony CTRM and the Fidectus Global Energy Network.
Native connectivity between the two solutions will offer Symphony CTRM users straight-through processing of trade confirmations, settlements and nettings.
Amphora is the premier software solution provider for commodity trading, logistics and risk management in the global oil, refined, coal, ore, gas, power, metals, concentrates, biofuels, agriculture, and freight marketplace.
Amphora is a global leader in commodity trading and risk management (CTRM) software, built for complexity and proven for over 30 years. Its Symphony and Alchemy platforms support the full trade lifecycle for firms trading crude oil, refined products, biofuels, coal, ore, LNG, metals and concentrates, delivered on a single-branch, highly configurable architecture with no forked code bases and no scripting. Amphora is delivered end-to-end by Amphora personnel from development and service centres in Dubai, the UK, India and the USA. Learn more at amphora.net.