Secure End-to-End data integration with Ponton X/P and Ponton X/D for international business communities
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Commodity Trading

Since 2005, more than 60 energy and commoditiy traders in Europe and the US have become clients of EFETnet, which is enabled by Ponton technology such as Ponton X/P and the EFET Box. Among other processes, this enables the automatic matching of trade confirmations. Integration with the trading systems of participating companies can be done via Ponton X/D.

In OTC Trading of commodities (OTC: Over The Counter, as opposed to executing a deal on an exchange) both parties to a deal confirm the deal details to their respective counterparty in order to avoid the risk of misunderstandings or errors. This process of "Confirmation Matching" is traditionally performed via fax at each commodity traders’ back office. Using the EFET Box, this process was completely automated.  On each trading day, tens of thousands of transactions are confirmed automatically via electronic Confirmation Matching (eCM). The exchange of trade confirmation is done on a peer-to-peer basis, i.e. directly between the counterparties without a middleman.

Due to new regulatory requirements the eCM process will be centralized during 2011, while document formats and back-end interfaces at EFETnet clients remain the same. Ponton has developed the Central Matching System (CMS). In the long term, this system will not only carry the eCM process, but will also serve as a starting point for the OTC clearing and trade reporting to repositories that are operated by the regulator.

The international XML document standard CpML (Commodity products Markup Language) is used for post-deal processes. This standard is based on EFET eCM4.0 formats.

Ponton serves as the central provider of support, maintenance, consulting, integration and development projects for all EFETnet clients.

SMSS - Spot Market Settlement System

Ponton has developed the central transaction system "SMSS" (Spot Market Settlement System) for the Clearing House ECC (European Commodity Clearing). This systems delivers a variety of processes for the trading of commodities at the EEX and other exchanges, including financial and physical settlement.