Griffin has been identified as a “Long-term Growth Champion” within Europe by the Financial Times in its new “Europe’s Long-Term Growth Champions” Special Report published in November this year.

New requirements for non-EU participants to appoint an EU representative and for all algo participants and DEA providers to register with authorities

A JOINT initiative between EFET and LEBA to create a fully automated, real-time and error-free credit processing system is now successfully in operation.

Griffin has relocated its OTF and other regulated services to France. The change took effect on 1st January 2021 at the end of the Brexit transition period.

The European Federation of Energy Traders (EFET) has announced Griffin as a winner of its inaugural awards for excellence in facilitating the efficiency and reliability of power, gas and associated markets.

For the third year running Griffin has been identified as one of London Stock Exchange Group’s 1000 Companies to Inspire Britain report. The annual report is a celebration of the UK’s fastest-growing and most dynamic small and medium sized businesses across the UK.

The recent launch of Griffin’s electronic implicit allocation mechanism has been well received by the market accounting for more than 94% of the capacity allocation made through brokers in its first month of operation.

Given the continued political uncertainty, Griffin’s immediate intention is to continue to operate its OTF from the UK unless or until the UK leaves the EU under a hard (no deal) Brexit.

Griffin is to start offering gas pipeline capacity between the UK and continental Europe as an Implicit Allocation Partner of Interconnector (UK) Limited from today.

Griffin aims to make a decision on when and if it will begin operating through its French OTF early in the week commencing 25th March at the latest.
The continuing political uncertainty surrounding the UK’s departure from the EU has so far created significant problems with planning but if the status of Brexit remains unclear by the above date, a firm decision will need to be taken.
From technical, operational and regulatory perspectives, Griffin is ready to open its French OTF at short notice and is in a position to begin operating in Paris on 1st April if required.

ESMA has issued a statement which seeks to clarify that, in the event of a no deal Brexit, NBP, UK power and Swiss power forward contracts will continue to benefit from the C6 REMIT carve-out when traded through an EU OTF provided there is an active spot market for those products located in the EU.

Griffin’s French OTF is now listed on ESMA’s official register following completion of the authorisation process by the French regulators, the AMF and the ACPR.
The entry on ESMA’s website shows that the OTF, operated by Griffin Markets Europe SAS with a MIC Code of GMEO, became active on 4th March 2019.
https://registers.esma.europa.eu/publication/details?core=esma_registers_upreg&docId=ae35243

• Griffin recognised in FT 1000 Europe’s fastest Growing Companies report 2019
• Report identifies and ranks Europe’s fastest growing companies, based on compound annual revenue growth between 2014 and 2017
• Griffin has seen strong growth based upon its continuing innovation and excellence in execution

Griffin has successfully completed its authorisation process with the French regulators, the AMF and ACPR, to enable it to operate an OTF in France following Brexit.

PARIS 26th November 2018: Griffin is planning to run an OTF out of Paris after the UK has left the European Union to ensure that energy participants can continue to enjoy Griffin’s service from within the EU27 and benefit from the C(6) REMIT carve out that prevents physical gas and power contracts from being classified as financial instruments.