EDF Trading, a global energy trading leader, specializes in optimizing energy flows across international markets. They aimed to modernize their Profit and Loss (PNL) system to enhance operational efficiency and strategic decision-making.
Case Study: EDF Trading
Project Outline
EDF Trading's outdated PNL system was hindering their ability to analyze trading performance effectively, resulting in delayed insights and reduced efficiency. Modernizing the system was critical to maintain their competitive edge and capitalize on market opportunities. However, EDF Trading lacked the in-house expertise to undertake this large-scale project and required a rapid staffing and development solution to meet tight deadlines.
Key Project Elements
Rapid Team Assembly
Delivered a team of 27 specialists in 24 hours, enabling immediate project kickoff.
Expert Talent Alignment
Deployed experts proficient in C#, modern architectures, and DevOps, ensuring the highest quality deliverables.
Real-Time Analytics Integration
Developed a system that provided actionable, real-time insights, empowering EDF Trading to make data-driven decisions.
Scalability and Efficiency
The new PNL system was designed for scalability, allowing EDF Trading to adapt to future market demands seamlessly.
Collaborative Execution
Ensured smooth collaboration between internal teams and external specialists, maintaining alignment with EDF Trading’s objectives.
The Project Solution
Coltech delivered a tailored solution to address EDF Trading’s needs, which included:
Agile Staffing Approach
Assembled a team of 27 skilled professionals, including C# engineers, architects, and DevOps experts, within 24 hours.
Continuous Support
Provided ongoing assistance to ensure seamless integration of internal and external teams and maintain project momentum.
Custom Development
Collaborated with EDF Trading to design and implement a bespoke PNL system featuring real-time analytics, user-friendly interfaces, and scalable infrastructure.
The Conclusion
Coltech’s ability to rapidly assemble a team and deliver a bespoke PNL system enabled EDF Trading to overcome operational challenges and improve trading performance. The project’s success underscores Coltech’s commitment to delivering tailored solutions for complex, time-sensitive initiatives. EDF Trading now benefits from real-time insights, enhanced efficiency, and scalable infrastructure, solidifying their position as a market leader in energy trading.
Coltech’s speed and precision in assembling a highly skilled team were pivotal in the success of our PNL system modernization. The expertise they provided allowed us to deliver the project on time, and the new system has transformed our trading operations. We couldn’t have achieved this without their support.