Trayport Ltd, London, England, provider of real-time electronic trading software for brokers, exchanges and traders in the commodities, fixed income, currencies and equities markets, a subsidiary of GFI Group Inc, New York, USA, acquired Contigo Ltd, Solihull, West Midlands, England, provider of software to the logistics industry.
Smith Cooper advised and negotiated the sale of Solihull based Contigo to Trayport, which is a major international player in the energy trading sector. Contigo is a fast growing provider of reporting software, trading risk management, logistics supply chain management and emissions. It is focused on delivering easy-to-use, highly cost effective services, mainly to energy companies.
The newly named group, Trayport Contigo, will continue to provide these services. Simon Piercy, Sales Director of Contigo, commented “Trayport is a well-established and highly respected provider of products and services for the energy trading industry and the combination of its proven network of energy trading participants with our innovative and flexible suite of products will deliver significant benefits to help our clients.”
Smith Cooper Team