Parity Energy is pleased to announce that it has officially gone live with the ICE eConfirm Broker Matching Service. All Financial Natural Gas and Financial Oil trades brokered through Parity Energy can now be confirmed through ICE eConfirm via file upload whether they are executed on the Parity Energy Platform or by voice. The ICE eConfirm Broker Matching Service facilitates fast and accurate post-trade confirmation, increases back-office efficiency and reduces trade data errors. As Parity Energy consistently works to provide the best possible back office and STP solutions for its customers, this service allows participants to automatically match trade data and resolve discrepancies with brokers via the ICE eConfirm website, eliminating phone calls, faxes and emails.
“Joining ICE eConfirm gives our customers yet another option to implement a straight through processing solution and take advantage of further operational efficiencies,” said Brad Flaster, Vice President of Operations at Parity Energy. “Combined with the Parity Energy Platform, this service provides a fully electronic solution to customers in the energy option market, from execution to deal capture and reporting, helping customers achieve compliance in the new regulatory environment post Dodd-Frank.”
For more information or to get set up with Parity Energy to confirm your Natural Gas and Oil trades on ICE eConfirm, please contact Anton Chuprun (anton.chuprun@parityenergy.com, backoffice@parityenergy.com)