electronic eXchange Related Process
electronic eXchange Related Process, eXRP, is a solution for energy trading market participants that standardises the process and data needed for the registration of off-exchange cleared and clearable products. eXRP is a non-discriminatory, open standard, industry owned and governed infrastructure which establishes straight through processing integrating all participating execution and clearing venues.
Benefits of eXRP
- Universal interface providing brokers with connectivity to all clearing services and vice versa.
- Simple portal for all participants (traders, brokers, exchanges) to view and monitor the progress of their cleared deals from execution through to clearing.
- Single integrated channel for all off-exchange clearing traffic simplifying, standardising and automating the registration process.
- eXRP delivers mandatory clearing through a common interface for data exchange, CpML.
eXRP is part of CMS