We are thrilled to announce that Grey Epoch, a leading entity in the European emissions trading market has chosen ‘Igloo’, Brady’s SaaS solution for energy trading and risk management.
Igloo is a high-performance ETRM SaaS solution designed in collaboration with one of the world’s largest financial energy traders. It offers a state-of-the art user experience, unrivalled exchange connectivity and automated trading of exceptionally high trade volumes.
Since 2013, the traders at Grey Epoch Group have been a leading player in the EU Emissions Trading System (EU ETS). Grey Epoch assists their energy market clients in fulfilling their compliance obligations under the EU ETS and in applying optimal trading strategies to maximize revenue generation from their credits.
Ken Schneider, President of Grey Epoch said, ‘Decarbonisation has increasingly become a significant aspect of our clients’ priorities, and the EU ETS markets continue to experience substantial volatility. We were in search of an ETRM solution capable of handling an extensive option trade portfolio, and the ability to easily evaluate various market risk scenarios. We were particularly impressed by Igloo’s reconciliation functionality, which will significantly reduce time-consuming tasks, allowing our traders to focus on devising optimal trading strategies for our clients.’
Nick King, CEO of Brady Technologies, says, ‘We are delighted to welcome Grey Epoch as a new customer, and be their chosen ETRM solution provider after a rigorous evaluation process. We look forward to helping their traders and senior management team to achieve their ambitious business expansion objectives.’
David Gallacher, the Managing Director – ETRM & Risk at Brady Technologies, emphasises, ‘Given the trend towards quicker settlement cycles, the reconciliation process has become an area of increasing focus for our customers. Igloo, with its unparalleled level of automation with all major energy exchanges, helps energy traders to execute this process with greater accuracy and efficiency than before.’
At Brady Technologies, we are at the forefront of the energy transition, helping market participants navigate new challenges and opportunities with confidence. Our advanced software solutions bring clarity to complex problems and processes, enabling customers to enhance their trading and operations and meet tomorrow’s energy needs.
The Grey Epoch Group are the world’s largest liquidity provider in cleared EUA and UKA options. Grey Epoch uses is substantial market experience to provide its direct clients with highly competitive quotes and frictionless execution. Grey Epoch achievements were recognised by the Energy Risk Liquidity Provider of the Year award for 2023 and 2024.
