GFI Market Data, a division of GFI Group Inc., announced today that it has entered into an agreement with Petrol Energetika, a leading Slovenian energy company and the principal supplier of oil and other energy products to the Slovenian market.
Petrol Energetika will use GFI market data to gain an insight into markets with limited liquidity as well as those that are in the process of deregulating or have done so recently.
Shai Popat, Head of European Sales at GFI Market Data said: “We are very happy to welcome Petrol Energetika as a client. We will strive to provide them with the best quality data in energy and the commodities. Our data derives from EnergyMatch® Europe, our world-class electronic trading platform for energy and commodities, and from our highly experienced brokers. Our strength and reputation as a broker in these regions allow GFI to play a leading role in the provision of high quality market data.”
As Eastern European markets deregulate and more players are coming to the market, the need for high quality information is on the rise. GFI is focused on providing a wealth of data that will assist companies like Petrol Energetika in such areas as price discovery, valuation and market risk.
Petrol Energetika is the principal strategic supplier of oil and other energy products to the Slovenian market. The core area of operations of the Petrol Energetika Group is oil trading activities. Petrol Energetika’s principal competitive advantage over potential competitors is its extensive network of 348 modern service stations in Slovenia and abroad. The principal development direction of Group is the introduction of new energy activities, in particular the sale of gas, heat and electricity, but in the long run also renewable energy sources.
Sourced directly from GFI EnergyMatch® Europe, GFI Group’s energy and commodities electronic trading platform for Europe, GFI Market Data provides a comprehensive view of executable and executed prices in the Power, Gas, Emissions, Coal and Freight markets.