BroadPeak Case Study:

TransAlta Successfully Meets Data Integration Deadlines Without Disrupting Operations

BroadPeak Helps TransAlta Meet Tight Technical Deadlines Without Disrupting Business

Snapshot

TransAlta, a leader in clean electricity, faced challenges adapting their trading systems to meet upcoming changes to the ICE Trade Capture API without incurring operational disruptions.
Leveraging BroadPeak’s solution for derivatives trade data automation, TransAlta successfully replaced vendor trade feeds within a month.
TransAlta met the ICE Trade Capture API deadline without disruptions, gained transparency and control over trade data, and enhanced operational efficiencies.

Background

TransAlta is a leading player in clean electricity, offering clean energy solutions that help clients meet their business, operational and sustainability goals. Like many large and dynamic firms, TransAlta’s trading business in commodities is undergoing rapid change. As a large organization, it had made many custom changes to its trading systems that slowed its ability to meet internal project goals. Yet as the business strategy evolved to increase trading in financial derivative markets, so did its needs.

The Challenge

TransAlta hit a roadblock when ICE announced breaking changes to the ICE Trade Capture API. TransAlta learned that it would have to make technical changes in a short timeframe to maintain trade data automation in this key derivatives market.

To make the required technical changes, TransAlta would be forced to redesign many of its customizations. With the deadline to complete these technical changes just weeks away, this was simply too disruptive and risky.

TransAlta began to search for third-party operational support in order to:

Get 24/7 monitoring for its trading systems
Meet the deadline for technical changes
Gain time to evaluate the best options for the business

The Solution

TransAlta was already successfully relying on BroadPeak’s K3 solution for other exchange data feeds related to compliance. It sought to include additional modules from BroadPeak’s offerings to automatically retrieve all necessary derivatives trade data and prevent disruption to their business.

During the implementation process of BroadPeak’s K3 platform, the team uncovered additional operational improvements to implement for increased efficiencies.

The Result

TransAlta met the ICE Trade Capture API deadline without making risky changes or otherwise disrupting business. Thanks to the implementation of BroadPeak’s solutions, the firm is now able to:

Confidently rely on critical connections to derivative markets
Gain full transparency and control over its trade data
Easily split its data feeds for multiple downstream systems
Increase operational efficiencies to maximize the ROI of its software investments