KUALA LUMPUR, April 14 (Bernama) -- Green Tiger Markets Pte Ltd (GTM) has announced partnership with SSY Futures Ltd to act as exclusive broker to its leading-edge, over-the-counter electricity marketplace for the Philippines and Singapore electricity forwards.
Delighted to be working with SSY Futures Ltd, the leading brokerage for Asian electricity, to support Singapore and Philippine market participants in this fast-growing area, Green Tiger Markets is committed to bringing the benefits of an open derivatives marketplace to new and underserved markets.
In a statement, Green Tiger Markets Chief Executive Officer, John Knorring said: “Green Tiger Markets is thrilled to partner with SSY Futures Ltd. We are confident that the combination of our innovative platform and SSY - Asia’s leading electricity broker - will not only accelerate the growth of both the Philippines and Singaporean energy markets, but will also have a meaningful, long-lasting impact on these economies.”
SSY Energy Derivatives Head, James Whistler said SSY was delighted to be partnering with Green Tiger Markets to help the Philippines develop its electricity and wider energy markets.
“We strongly believe the ability to transact in a competitive and transparent marketplace will help participants effectively manage their risks and be of substantial value to the Philippine economy,” he said.
GTM develops and operates a derivatives marketplace that facilitates the forward hedging of price risk on a financial basis.
Established in 1880, Simpson Spence Young (SSY) is the world's largest independent shipbroker.
-- BERNAMA
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