GREEN TIGER MARKETS BEGINS PILOT DERIVATIVE MARKETPLACE FOR PHILIPPINE ENERGY CONTRACTS

KUALA LUMPUR, March 10 (Bernama) -- Green Tiger Markets (GTM) recently launched a pilot derivative marketplace platform, allowing business participants to buy and sell forward contracts for the Philippines energy to hedge their price risk exposure in a simulated, ‘test trade’ environment.

According to a statement, GTM has onboarded five participants for the pilot, and is scheduled to add another six companies by month-end.

These pilot participants represent, on a wholesale basis, approximately 40 per cent of the Philippines electricity generation capacity, and 65 per cent of the Philippine 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.

It was designed to support GTM’s mission of bringing the benefits of an open derivatives marketplace to underserved markets and products.

“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,” said GTM chief executive officer, John Knorring.

Knorring also noted that GTM is working on a Singapore Renewable energy contract as the firm’s next market.

-- BERNAMA