SINGAPORE–(BUSINESS WIRE)–Green Tiger Markets (GTM) today announced the launch of its pilot for its derivative marketplace platform. The pilot marketplace will allow business participants to buy and sell forward contracts for Philippines energy to hedge their price risk exposure in a simulated, “test trade” environment. GTM has onboarded 5 participants for the pilot, and is scheduled to add another 6 companies by the end of the month. These pilot participants represent, on a wholesale basis, approximately:
- 40% of the Philippines electricity generation capacity, and
- 65% of the Philippines electricity consumption.
The GTM platform is built with the latest technology to provide light-weight, flexible solutions that fit the specific needs of each product and market. This platform was designed to support GTM’s mission of bringing the benefits of an open derivatives marketplace to underserved markets and products.
It is no surprise that the pilot is for Philippine energy contracts. The GTM Leadership team has deep ties to the region and understands the market and its unique difficulties.
“We are excited to launch our pilot in support of the Philippines. We know that bringing transparency and price discovery to Philippines energy will help to reduce the price volatility that Filipinos experience,” says John Knorring, CEO of Green Tiger Markets. “It will also give wholesale producers and consumers of electricity the tools to better manage their…