Name: eSM video series: Interoperability as a commercial principle | Fidectus posted on the topic | LinkedIn
Uploaded: 2025-10-21T15:21:16.418Z
Duration: 2 min 57 s
Channel: Fidectus

Fidectus

2,200 followers

1mo Edited

In the fifth and final episode of our five-part electronic Settlement Matching (eSM) video series, our CEO Dr. Jens Bartenschlager and Operations Committee Secretary at Energy Traders Europe Stuart Beeston discuss how market participants and vendors can actively support interoperability. They explore how interoperability goes beyond technology and is a commercial principle that should be part of every contract, ensuring openness, flexibility, and real choice instead of vendor lock-in. Market participants and vendors alike have a role to play: demanding, delivering, and maintaining open standards to keep the market fair, innovative, and competitive. 🎥 Watch the video to learn more. 🗓️ Register for our upcoming Fidectus webinar on eSM, eInvoicing, and interoperability here: https://lnkd.in/dTJdCs-y

Transcript

For anyone that is considering using any of Energy Traders Europe's standards that are not currently using them, th- this forms part of the contract negotiation, that you're asking any service provider, "Are you' committed to interoperability of this? Because I do not want to be locked into you forever. I want choice." Now, that's a perfectly normal part of a, a contract negotiation, and I think that' that would have a real impact upon the market. There are other service providers in other fields that are essentially monopolies within the energy trading field and whenever energy traders are gathered together, they'll moan about that endlessly. Well, this is somewhere you can make a real difference and make sure that you as an energy trading organization have real choice, uh, in the market. So do all of those things. The last thing, and this, uh, is if you're onboarding a counterparty, check out... This is, uh, a message to energy trading organizations. If you're onboarding a new counterparty, make sure that they are equally committed to open standards and choice of service providers. They're not insisting that you work with one or other service provider. So there's a whole load of ways in which commercial pressure, uh, can be applied. That said, it is imperative that Energy Traders Europe, my organization, does everything it can to promote, uh, interoperability. So, uh, I am always open to doing... to see what we can do to push this forward because this is such an important thing for us. Well, Stuart, we have a long track record of successfully working together with Energy Traders Europe and we c- we will continue the path. So what we've been doing is innovation, finding solutions around wherever we don't have interoperability, it's not a matter to our clients effectively. We have a technical s- solution to bridge that gap, which effectively led to the fact that there is more and more market. participants really onboarding to the platform because they' have that freedom. They can not only do PDF, they can also do ECM or any other electronic format. I keep saying we help you to do PDF to get rid to, of PDF to finally do a standard like ECM, right? Because that makes life easier for all of us and it's, it's, uh, better for the whole industry. Effectively, what we do prefer then is the real interoperability. We are playing our party. We understand the, the, the commercials make the difference in the end. We see the traction. I'm confident, uh, we're getting there quite soon. That's fantastic news. And to reiterate my last point, my phone is always on to anyone with good ideas about how we push this.

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