Igloo Trading Solutions (“Igloo” or the “Company”), the leading provider of smarter ETRM solutions for the European energy markets, announced today a strategic capital investment by CommodityNet Holding, a European fund backed by commodity traders and investors. Hugh Brunswick, CEO of Equias (formerly EFETnet), has also joined Igloo as Chairman of the Board. The Company is concurrently launching a rebrand – introducing a new logo and website – as it enters its next phase of growth and development. Igloo, founded in 2016 by veteran energy trading technologists, has developed a powerful, cloud-based end-to-end ETRM solution for European physical and financial energy traders. Tim Harrison, founder and CEO of Igloo, said of today’s announcement: “We could not be more pleased to have chosen CommodityNet as strategic investors – with their wealth of knowledge and contacts in the European energy markets. Similarly, I am delighted to welcome someone as experienced and highly-respected as Hugh as our new Chairman.” The Company already counts some of the largest European hedge funds and physical energy aggregators as clients, but is tapping into the growing demand for fast, flexible, cloud-based trading software solutions given the digitalisation of the energy markets. Regarding this opportunity Hugh Brunswick said,… continue reading
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Source: CTRM Center