New functionalities of the electronic trading system for GET Baltic exchange participants
Regional gas exchange GET Baltic, in response to feedback from exchange participants, introduces updates to the exchange’s Electronic Trading System (ETS). The new functionalities will allow exchange participants to trade more securely and conveniently, as well as make trading decisions even faster.
From 1 July 2022, the following new functionalities will be implemented:
1. Two-factor authentication
In order to improve the security of its customers when using GET Baltic services, the possibility to use Two-Factor Authentication (2FA) will be implemented. This is an additional login step that provides even more security for the exchange user’s account and the data it contains. With 2FA, each time when logging into the ETS, will not only be required to enter the password, but also a one-time code generated by the Google Authenticator app on the user’s mobile phone.
We invite all exchange participants wishing to use the 2FA feature to download the Google Authenticator app and contact the GET Baltic team, who will activate the 2FA feature for the specified user and provide a unique identification code.
2. Latest trade information
From now on, the main trading window of the ETS will display real-time information about the latest transaction executed in the selected market area, indicating: product, price, quantity, and time of the conclusion of the transaction. The immediate post-trade display of the latest transaction will help exchange participants to assess the current market situation even more objectively, monitor natural gas price movements, and make quick trading decisions.
3. Transaction information notifications
Each exchange participant will have the possibility to receive information notifications about each concluded transaction via indicated e-mail addresses. This will make it even easier and faster for trading information to reach the responsible persons. Information messages will be sent right after the execution of a transaction in the ETS, including basic information: product, market area, bid type, volume, price, and time of the conclusion of the transaction.
Exchange participants willing to subscribe to information notifications are kindly requested to fill in the updated standard form.
4. Automated trading using an API solution
So far, exchange participants have been able to access trading data in an automated way using the ETS API solution. Following the service update, an additional option has been added to enable automated trading on the exchange, i.e. to submit orders to the ETS and enter into transactions. The Data Exchange Service, provided using a standardised REST API solution, is designed to efficiently integrate existing services into clients’ IT systems and to improve the user’s experience of obtaining and sending data in a fast, convenient, and accurate way.
Please read more information and find the new version of the Data Exchange Service documents on the GET Baltic website: Data Exchange Service.
In accordance with the new functionality of the ETS API to not only receive but also send data to ETS, the related service documents have been updated accordingly. Exchange participants who already use the ETS API service will need to re-sign the updated version of Special Terms in order to activate the trading possibility via API.
Questions? Please contact:
Tel. +370 686 39811