Energy Producer Statkraft to Integrate Nasdaq’s SMARTS for Trade Surveillance

SMARTS energy solution deepens client base and product offering STOCKHOLM, Sweden, Aug. 22, 2018 (GLOBE NEWSWIRE) — Statkraft, Europe’s largest producer of renewable energy has selected Nasdaq’s (NASDAQ:NDAQ) SMARTS Trade Surveillance to monitor trading behavior across power markets in the EU and Norway, in line with the Market Abuse Regulation (MAR). Statkraft’s decision adds to a growing community of energy corporations and utilities across the Americas, Europe and Asia using SMARTS to enhance their trade monitoring and contribute to bolstering the integrity of the global energy markets. These include Iberdrola Generacion, ScottishPower Energy Management, Avangrid Renewables, Koch Supply & Trading, TrailStone and Engelhart Commodity Trading Partners, and others across the oil and gas value chain, which includes upstream and downstream sectors as well as power market participants. “As cross-jurisdiction regulation continues to constantly evolve, energy companies are under increased pressure to have in place flexible surveillance technology to keep up with new rules and requirements,” said Valerie Bannert-Thurner, SVP and Head of Risk & Surveillance Solutions, Nasdaq. “We have invested in our energy surveillance technology to allow our clients such as Statkraft to scale their surveillance capabilities as their business expands into new asset classes and geographies, while also addressing… continue reading

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Source: CTRM Center

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