Streamline REC trading with TraceX
TraceX has demonstrated economic value to REC brokers and traders, as they don’t need to rely on their legal, middle and back office teams to trade on the Marketplace.
TraceX automates and optimizes counterparty KYC, contracting, payment and settlement processes, enabling trading and brokerage teams to focus on other core aspects of their business. In customer case studies, TraceX has delivered savings of up to 72% of operational costs on each trade.
Why TraceX?
Faster REC trades
Save administrative cost up to 72%
Automate manual processes for invoicing, payments and reporting, significantly reducing time and resource costs, and enhancing your operational efficiency.
Standardized legal contracts
Simplify trading with standardized terms and linked registry and bank accounts. No need for complex OTC contracts and manual settlements.
Speed up REC sales by up to 60%
Accelerate your REC sales process by eliminating time and resource consuming credit checks and participant validation, as all participants are pre-validated—no KYC required.
Automated payments & settlements
Secure on-platform payment automation with the guarantee of zero financial risk in REC transactions.
Specific, Transparent, and Downloadable Data
TraceX provides a level of REC attribute transparency and data management not currently available in OTC or exchange markets. All REC data is shared with the buyer, so purchases can be as specific as needed to meet portfolio management needs.
Trade reporting with all data is downloadable via CSV for seamless integration into existing internal portfolio management systems.
The continuing evolution of Compliance and Voluntary ESG reporting will require access to granular REC data, and TraceX will continue to evolve to provide a scalable solution to trading firms with access to new data for use in their reporting and customer management.
