About Equias

Equias optimizes energy trading through process automation based on open market standards.

Our clients trust us because, like them, we focus on results. Our work has made OTC energy trading highly efficient, and through our longstanding and integral role, a close, collaborative and rewarding experience for all involved.

Our history

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2020

Launch special interest group spot data.

Equias launches electronic Back Office (eBO).

eSM live with counterparties accounting for over 1/3 of the total OTC market.

2019

Equias redefines its mission to increase participation and trading activity in traded energy markets.

New solutions in ‘Trading’ and ‘Information’ are added to our solution portfolio, linking ‘Compliance’ and ‘Reconciliation’.

Equias launches electronic Settlement Matching (eSM).

2018

The company name was changed from EFETnet to Equias.

Equias becomes available on the internet (previously access was IP restricted).

Our first public service ‘SMT Phase 1’ offers free, read-only accounts to end-users, reducing cost by helping eRR users to meet their transparency obligations to counterparties and customers on whose behalf they report under REMIT and EMIR.

Position Data Exchange Hub (PDE Hub) goes live to support position reporting under MiFID II.

2017

The Equias community now has over 700 organisations, representing over 1400 trading entities.

eRR reporting information for over 4000 market participants, including direct clients reporting on behalf of their counterparties and customers under REMIT and EMIR and ElCom regulations.

electronic Trade Monitoring (eTM) launched in December 2017, providing all energy market participant with access to the data and processing needed to mitigate the risks of REMIT and MAR.

2016

Launch of eRR reporting service for Phase 2.

Over 1000 licensed users of eRR.

Most OMPs connected to eRR.

2015

Successful launch of eRR service for REMIT reporting.

EFETnet officially fully registered as one of the first RRMs by ACER.

2014

EFETnet wins Commodities Business Award for the 2nd time in the category Commodity Risk Mitigation.

European EMIR reporting goes live on 10 February 2014.

More than 20 organisation groups go live, reporting for over 200 trading entities.

Reporting to 3 trade repositories: UnaVista, DTCC and REGIS-TR.

2013

84 member companies in EFETnet.

Full Dodd-Frank reporting for Commodities live since February 2013.

Working with 11 traders, 6 brokers and 3 exchanges to extend the eRR solution across Europe.

2012

First phase of global commodities trade data repository goes live in March: ODRF reporting for oil swaps.

eXRP launched in September.

Winner of Commodity Business Award for “Excellence in Risk Exposure Mitigation”.

2011

EFETnet wins a joint bid with the DTCC for a global solution for commodity trade repositories.

Development of universal reporting services: eRR.

Launch of next generation software, the centralised matching service (CMS).

EFET box users begin migration to the CMS, from a peer-to-peer network to a centralised hub-and- spoke architecture.

2009

Started development of a new process to automate the registration of off-exchange trades into clearing: eXRP.

2008

50 member companies of EFETnet, with all the main brokers involved.

As numbers increase, demand grows for centralisation of eCM.

Launch of on-line “Commodity Services” and new software features to support the EFETnet community.

2007

Redevelopment of the ‘EFET box’ peer-to-peer software to host multiple EFET process modules, including: the Electronic Confirmation Matching (eCM) module, the Electronic Position Matching (ePM) module and future modules such as Electronic Settlement (and Invoice) Matching (eSM).

2005

13 companies (including the first broker) go live with fully automated electronic Confirmation Matching (eCM) in accordance with the EFET eCM Standard 3.0. ‘EFET box’ software deployed as a locally installed component, creating a network of interoperating installations communicating securely across the internet.

2004

EFETnet operational – supported by its founding companies: Electrabel, RWE, Total and Gaselys.

EFET publishes a standard for electronic confirmation matching: eCM Standard 3.0, a peer-to-peer process definition, which includes counterparty and broker matching dialogues.

Ponton Consulting selected as preferred supplier to develop our software.

2003

EFETnet set up as cost-sharing vehicle by major European energy traders to realise EFET’s common electronic data exchange standards for energy trading.

Equias clients

Join our network of more than 1500 clients worldwide

Our work is founded on the community we serve. We believe that greater market access and participation will transform the energy trading world and increase market activity for the benefit of all participants.

Contact our sales department to find out how we can connect

Management

Equias has a lean organisation structure. Hugh Brunswick is CEO, he is advised by the Equias Steering Commitee comprising representatives of the Equias user community on matters related to priorities, investments, marketing and communication.

CEO

Hugh Brunswick

Hugh Brunswick was appointed Managing Director in 2003 when EFET established EFETnet. In November 2017, EFET divested its ownership interest in EFETnet B.V. In June 2018 EFETnet changed its name to become Equias B.V. and Hugh was appointed as CEO.

Hugh has overseen the introduction and development of services to implement the EFET Standards and the steady growth of the user community with a focus on automation of operational and regulatory reporting processes. Hugh has over 20 years of experience in energy and commodity markets.

Prior to Equias, Hugh worked in business and IT consultancy for various consulting organisations. His work with EFET, EFETnet and now Equias provides Hugh with an opportunity to work in Europe and internationally with traders, brokers, exchanges, clearers and regulatory repositories and to develop a deep understanding of the energy and commodity markets from the strategic, regulatory, commercial, operational and technical perspectives.

He is a graduate of the University of Manchester with BSc (Hons) Physics and MSc Computer Science.

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COO

Liam Dunne

Liam Dunne started working with Equias in 2010 when it was still EFETnet, initially to look at the viability of centralised services, moving on to implementing the solution and the services around these. Following the divestment from EFET in 2017, Liam joined Hugh Brunswick on the Equias executive as Chief Operating Officer.

As COO, Liam oversees all implementation and service delivery for Equias. In his time with the company, Liam has managed the move from locally installed peer-to-peer solutions to centrally managed solutions. On his watch Equias has added multiple new services and grown seven-fold in terms of customers. While managing this growth, Liam also masterminded two awards for services and products.

Before joining Equias, Liam spent over 20 years in the IT industry, more than 12 of which were in consultancy. As well as extensive experience in the Energy sector, Liam has worked in the finance, government, heath and leisure industries.

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Meet the team

Our team is made up of professionals with extensive knowledge and experience in their own discipline and wider industries. Together we combine these skills to make energy trading equally accessible to all.

Operations

Nikki Maddox