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

Tradition-Komgo-tie-up montage

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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