An upgraded web-based platform with enhanced security features, aiming to ease participation and provide customer delight for trading on the exchange.
Power Exchange India Ltd. (PXIL), India’s first institutionally promoted Power Exchange has unveiled its new technology-based Trading Platform – PRATYAY. The tech-enabled platform aims to ease participation and provide customer delight for trading on the exchange. The new service provides a single platform for all segments and offers hassle-free migration from thick client-based solution to a complete web-based solution with many other benefits.
Equipped with a user-friendly approach, ‘PRATYAY’ includes features such as Auto Update at user end, web browser operations, ease of report export and printing and smart UI. The technologically advanced platform helps to eliminate participant-driven update on their PC such that no action is required on client’s end.
PRATYAY also contains modules for Risk Management as well as Clearing and Settlement. It enables stage-wise risk management and margining, which allows payment security and trade margins to be applicable based on status of order, transaction, clearance and settlement. This allows more efficient capital deployment by participants for their trades and reduces the cost of working capital for participants, while at the same time retaining the underlying security of financial settlement while transacting through the power exchange.
Talking on the launch of ‘PRATYAY’, Mr. Prabhajit Kumar Sarkar, Managing Director and Chief Executive Officer, Power Exchange India Ltd. said, “PRATYAY is the tangible outcome of an intense consultative process that has resulted in a platform which permeates all forms of transactions in the Power Markets. PXIL is ready to support and work with all the participants in the power markets to help them best fulfil their electricity requirements.”
PXIL is promoted by NSE (National Stock Exchange of India Ltd.) & NCDEX (National Commodity and Derivatives Exchange). PXIL’s other shareholders are Power Finance Corporation from the Central Sector, Gujarat UVNL, Madhya Pradesh PMCL & West Bengal SEDCL from the State Sector, and TPTCL, GMRETL & JSWPTC from the Private Sector.