ENGIE successfully implements the front-to-back trading and risk management platform Orchestrade for its “Global Energy Management” business unit

ENGIE’s business unit “Global Energy Management”, that optimizes the Group’s assets portfolio including electricity, renewable technologies, natural gas, environmental products and bulk commodities, while developing an external commercial franchise worldwide, announces the successful implementation of Orchestrade for all its hedging activity with external clients.
ENGIE implemented ORCHESTRADE solutions for renewable energy and risk management

ENGIE now uses the Orchestrade solution to manage its financial and physical risks stemming from its commercial activity with its 800+ clients in Europe and Asia. The next step will consist in integrating the upstream and downstream activities of ENGIE (gas and power assets, sales to B2B/B2C) in Orchestrade.   

Exiting our previous ETRMs was a very bold and disruptive decision for many reasons. First because it meant we would co-develop with Orchestrade and share our expertise on commodities with them. Secondly, it meant revamping all our IS platforms, rethinking our pre and post-trade processes and rewriting our proprietary quantitative libraries. It was a large project who required agility, drive, dedication and a lot of work. I am very grateful of all of our teams (Back, Finance, Front, IS, Quants, Risks) who made it possible. It was truly a team project. says Alexandre Cosquer, executive committee member of ENGIE’s business unit “Global Energy Management”.  

Our IT teams have completely revamped our information system and built a full fledge architecture to allow a fast and clean integration of Orchestrade, simplify the business workflows and open the platform using APIs. We are extremely happy with our new digital ecosystem, as it is very scalable and adaptable to our clients needs. It will give us a competitive edge in a fast changing environment.” states Ludovic Quesnelle, CIO of ENGIE’s business unit “Global Energy Management” 

ENGIE is the first major energy player to adopt Orchestrade’s flexible platform. It is now in production at their Paris, Brussels, Singapore, Rome and Madrid sites. 

We are delighted to have a partner such as ENGIE who has the insight and know-how to apply the Orchestrade systems flexible design to address new business challenges, and in the process, enrich and validate our platform for the energy markets.”, says Hakim Erhili, founder and CEO of Orchestrade.