The Energy Data Hub (EDH), an independent energy data processing entity, today announced a strategic partnership with Sapient Global Markets to advance the development of the EDH platform, a secure central repository for global energy transaction data.
This partnership with Sapient Global Markets follows prior agreements with OTC Online and International Securities Exchange (ISE) to support EDH. Each of the three firms will contribute to EDH in a unique way, including provision of technology expertise, business development resources, and equity investment.
Collectively, the partners will enable EDH to fulfill its objectives to bring forth new market information, strengthen the ability of energy market participants to manage risks, and reduce costs of compliance with regulatory reporting requirements. Galway Capital, LP served as the financial advisor to EDH on the respective transactions.
The EDH is designed to provide energy market participants with characterizations of all energy market activities regardless of the nature or type of company transacting. Currently handling voluntary, anonymous transactional and market data in gas, power and oil for all types of trades from several of the largest energy merchants in the world, the EDH validates, standardizes and processes the data and delivers it to subscribers via online portals, mobile applications and specific reporting schemes, such as Swap Data Repository (SDR) reporting under the Dodd-Frank Act.