Fidectus
Fidectus, founded in 2019 and headquartered in Zürich, Switzerland, enables energy traders to digitize and automate OTC cross-company post-trade processing through its Global Energy Network (GEN).
Company Overview
Fidectus, founded in early 2019, is a Swiss-based company specializing in the digitization and automation of OTC cross-company post-trade processing for energy traders. With headquarters in Zürich, Switzerland, and an office in Houston, Texas, Fidectus focuses on enhancing the efficiency and profitability of trading operations through advanced technology solutions. Their Global Energy Network (GEN) connects clients to their counterparties, facilitating essential processes such as confirmation, settlement, netting, financing, and payment.
Global Energy Network (GEN)
Fidectus’ Global Energy Network (GEN) is a comprehensive platform that connects clients to all their counterparties and provides tools for various post-trade processes. GEN includes three main hubs: the Settlement Hub, Confirmation Hub, and Regulatory Reporting Hub. These hubs collectively offer services for confirmation, settlement, and regulatory compliance, supporting interfaces with major ETRM, accounting, and settlement systems. GEN supports multiple communication channels and file types, adhering to standards like ISDA and EFET eCM and eSM.
Fidectus' Key Hubs
Fidectus offers three main hubs within their Global Energy Network (GEN):
Settlement Hub
The Settlement Hub centralizes all workflows regardless of the counterparty's systems, processes, and communication channels. It supports standards such as EFET eSM and EESPA, ensuring seamless integration and operation. The hub enhances profitability and operational efficiency by fully automating settlement processes and providing visual summaries of workflows.
Confirmation Hub
The Confirmation Hub automates the reconciliation of confirmations, handling both electronic and paper formats. It supports crucial industry standards like EFET eCM and ISDA, ensuring accuracy and compliance in the confirmation process. This automation reduces risk, increases efficiency, and improves the overall trading performance.
Regulatory Reporting Hub
The Regulatory Reporting Hub unifies the entire regulatory compliance process across multiple regulations, including EMIR REFIT, GATE, and US-Dodd-Frank (SDR). This hub ensures clients meet all compliance requirements efficiently and effectively, reducing the risk associated with regulatory reporting.
Integration and Compliance
Fidectus’ solutions are ISO-certified and compliant with standards such as EFET eSM, ISDA, and EMIR REFIT. The company offers modern integration options, including Restful API, SFTP, Mail, native Accounting, and C/ETRM integrations. These features ensure that Fidectus’ solutions can seamlessly integrate with existing systems, providing a quick return on investment and improved operating profitability.