In our previous articles, we explored why strategy is no longer the bottleneck in energy trading and why the industry is moving away from the liability of “set it and forget it” automation. We also introduced the concept of the Agent Engineer, the trader who treats the market as an environment to be orchestrated.

But for the modern energy desk in 2026, a new bottleneck has emerged: relevance. In a market where high-volume suppliers face a flood of over 300 requests for quote (RFQs) every day, the challenge is no longer just how to trade, but how to find the “needle in the haystack” before the opportunity vanishes.

The current standard of static, rigid filters is failing. We are entering the era of agentic views, proactive, semantic workspaces that understand trading intent and eliminate the noise.

The failure of the static filter

For years, traders have tried to force relevance by layering highly specific, hard-coded filters onto their screens. They blacklist certain companies, set strict volume limits, or try to remove RFQs where credit risk is not positive.

But this approach has created a “coordination tax” that most desks can no longer afford to pay.

• Context switching is a friction point: Traders often move between conflicting contexts, such as shifting focus from a power desk to gas. Manually reconfiguring filters every time is a drain on bandwidth.
• The empty screen paradox: If a trader forgets to reset a rigid filter, their screen stays empty. They stop seeing opportunities and start assuming there is no liquidity on the platform at all.
• Notification fatigue: Because alerts are typically tied to these rigid filters, many traders simply turn them off to avoid being flooded with irrelevant data, missing high-value trades in the process.

Internal data reveals that “known names” yield an average quote ratio of 21.5%, while new counterparties yield only 0.3%. This suggests that traders aren’t just looking for a price; they are looking for trust and relevance.

Moving from “pull” to “push” with agentic views

The shift toward agentic trading is about moving understanding from the trader’s head into the platform’s execution layer. Instead of a trader “pulling” data through a filter, the platform “pushes” opportunities based on a deep understanding of intent.

This involves several key shifts in how a trading desk operates:

1. Natural language smart filters

Instead of toggles and checkboxes, traders now describe what they want in plain language: “Show me gas buy THE above 50MW” or “Hide everything from company X except profiles under 50 GWh”. Semantic AI interprets these prompts to create a focused view tailored to the current market context. 

2. Proactive smart badges

The system now surfaces tappable badges based on a trader’s historical patterns. If you consistently quote 10MW+ buy-side power, those filters appear proactively as one-tap options, reducing the mental load of screen management.

3. Desk-level routing

In large organisations, a gas trader often sees power RFQs they cannot trade. Agentic views allow for automatic routing where incoming requests hit specific desks (Gas, Power, or GoO) ensuring each person only sees what is relevant to their specific role.

How to close the missed opportunity gap

The true power of an agentic execution layer is its ability to identify what you are not seeing.

Internal analysis of trade history shows two distinct groups of desks. The first are high-engagement companies that quote on 77-90% of what they receive but still miss thousands of RFQs due to capacity or timing gaps. The second are low-engagement desks that receive thousands of requests but quote on fewer than 10% because their screens are too noisy to find the relevant trades.

By moving to “watchlists,” the platform flips the model. Instead of a trader staring at a refreshing screen, the system pings them only when a specific, high-value match appears. This transforms the trader from a manager of clicks into an architect of intent, freeing them to exercise the judgement that defines true alpha.

Reclaiming your bandwidth

The search for alpha in 2026 is a race to build the most efficient partnership between human judgment and machine agency.

Innovation is no longer about adding more data to the screen; it is about taking the noise away. When your trading view is agentic, it understands not just the market, but your place in it. It ensures that the right RFQ reaches the right person at the right time.

Execution is the new edge. It is time to let the mechanics fade into the background and reclaim your focus.

Request early access

enmacc will be at the Energy Trading Leaders Summit: real AI, real execution

We’re sponsoring the Energy Trading Leaders Summit for the first time, meet us in Amsterdam, June 2-3. 

If you’re tired of hearing about AI replacing traders, this one’s for you. We’re joining the main stage to cut through the hype during the panel:

“Delivering value from the deck: How are innovation in AI and automation enabling smarter execution?”

We’re bringing enmacc alpha to the conversation. We don’t build tools to take the trader out of the loop; we build them to give traders their time back. alpha acts as your high-performance execution layer, automating the coordination noise so you can focus on what actually matters: your edge.

Meet us in Amsterdam to see how we’re turning automation into actual company value.

To book a meeting contact: 

For more information about the event please reach out to [email protected]

enmacc will be at the Energy Trading Leaders Summit: real AI, real execution

We’re sponsoring the Energy Trading Leaders Summit for the first time, meet us in Amsterdam, June 2-3. 

If you’re tired of hearing about AI replacing traders, this one’s for you. We’re joining the main stage to cut through the hype during the panel:

“Delivering value from the deck: How are innovation in AI and automation enabling smarter execution?”

We’re bringing enmacc alpha to the conversation. We don’t build tools to take the trader out of the loop; we build them to give traders their time back. alpha acts as your high-performance execution layer, automating the coordination noise so you can focus on what actually matters: your edge.

Meet us in Amsterdam to see how we’re turning automation into actual company value.

For more information about the event please reach out to [email protected]

For the modern energy trader, the search for alpha has shifted. It is no longer just about “What should I trade?” It is about “How do I execute this intent across a fragmented market without the coordination tax?”

In 2026, the competitive edge belongs to the trader who treats the market as an environment to be orchestrated. This is the era of the Agentic Trader: a professional who focuses on judgment while their agents handle the mechanics.

Step 1: Express intent, not instructions

Legacy trading platforms required imperative, manual instructions for every single move. You manage the sequencing, the combinations, and the endless manual follow-ups.

Today’s intent-based architecture allows you to simply state the desired outcome: “I want to hedge 50MW of solar exposure at price X, provided the exchange spread holds at Y”.

The system doesn’t just “execute”; it understands the trading intent. It identifies relevant counterparties, manages the RFQ timing, and selectively activates the most relevant parts of the liquidity pool to minimise market impact.

Step 2: Delegate the mechanics, not the judgment

Successful desks now deploy Agentic Loops to eliminate the coordination tax. These are not “set it and forget it” bots. Such systems are a liability in volatile energy markets. Instead, they are active co-pilots that manage the “shadow work” of a trade:

• Persistent context: The agent maintains the “why” behind a trade across multiple counterparties and parallel conversations.
• Active coordination: It follows what is changing in real-time and points out what matters. It suggests the next move, such as expanding reach or hitting a counter-bid.
• Adaptive execution: While the trader provides the judgment, the agent manages the complexity of the execution path as situations evolve.

Step 3: Multi-venue discovery in “one flow”

The ultimate scale comes from breaking down the silos between OTC and Exchange liquidity. In 2026, you no longer need to jump between screens to find the best price.

By utilising a multi-venue cockpit, you can source liquidity from ICE, EEX, and the OTC marketplace in a single, agentic workflow. Your agents act as “solvers” searching for the best path across both on-screen and off-screen sources. This allows you to route orders back to the exchange or finalise OTC blocks without ever losing your “human-in-the-loop” command.

The goal is to shift your daily workflow from managing the mechanics to architecting the intent.

Request early access

Walk into any tech conference in 2026, and the message is identical: The future is autonomous. We are told that AI will soon make decisions, set strategies, and execute trades while we sit back and watch the P&L grow.

But for anyone sitting on a professional energy desk, that vision feels less like a breakthrough and more like a liability. In a market where a single geopolitical headline or a sudden supply constraint can swing prices by 20% in minutes, “autonomous” is just another word for “uncontrolled risk.”

The paradox of control

The reluctance to hand over the keys to a machine isn’t about being “old school”. It’s about the unique nature of energy. Unlike highly liquid equity markets where algorithms can exit a position in milliseconds, energy trading often relies on relationships, and fragmented OTC liquidity.

In this environment, control is the primary feature. The moment a trading tool becomes a “black box,” it loses its utility. A trader’s “Alpha” is built on judgment, timing, and an understanding of counterparty behavior. If you remove the trader from the loop, you remove the edge.

From “autonomous” to “agentic”

The industry has spent too long chasing the wrong goal. We don’t need machines that replace the trader; we need machines that represent the trader.

This is the shift from autonomous trading to agentic trading.

An autonomous system tries to be the trader. An agentic system functions as a high-performance execution layer. Think of it as the flight-control system in a fighter jet. The pilot is in total command, but the system handles the impossible complexity of staying airborne while the pilot focuses on the mission.

Defining the “agentic” standard

What does this look like in practice? It means moving away from “set it and forget it” toward a “delegated” workflow:

• Intent, not just orders: Instead of a static limit order, you express a complex intent, “I need 100MW PNC; work it in small clips across these 15 counterparties at [price], but only if the exchange spread holds at 0.20.”
• Active support, passive execution: The agent handles the manual follow-ups and the “coordination noise,” 
• Human confirmation: The system surfaces every critical decision for a human “Yes”. It never commits capital without your confirmation. 

The future is “human-in-the-loop”

The search for Alpha in 2026 isn’t a race to build the fastest bot. It’s a race to build the most efficient partnership between human judgment and machine agency.

The desks that win won’t be the ones that automated themselves out of a job. They will be the ones that used agentic technology to amplify their reach.

Innovation in energy trading shouldn’t be about giving up control. It should be about making control more powerful.

Request early access

Rejoignez enmacc à MIX.E 2026: au cœur de la transition énergétique

Nous sommes ravis d’annoncer qu’enmacc sera présent à MIX.E 2026, le rendez-vous incontournable des professionnels qui façonnent l’avenir de l’énergie.

Planifiez votre visite:

Venez rencontrer notre équipe pour découvrir comment enmacc peut vous aider à naviguer la complexité du nouveau mix énergétique.

Réservez dès aujourd’hui votre rendez-vous : contactez votre Account Manager ou écrivez-nous à [email protected].

Ne manquez pas notre demo session dans l’agora: «Optimisez vos contrats énergétiques en accédant aux marchés de gros»

Pourquoi venir nous voir ?

• Élargissez votre réseau de trading : Accédez à de nouveaux marchés et opportunités en vous connectant à notre réseau de plus de 600 entreprises actives.
• Optimisez vos processus : Négociez l’électricité, le gaz et les commodités environnementales de manière plus efficace sur une seule et même plateforme.
• Prenez de meilleures décisions : Bénéficiez d’une transparence accrue et d’outils innovants pour optimiser vos stratégies de trading.

Nous sommes impatients de vous rencontrer à Lyon.

Avez-vous des questions avant l’événement? N’hésitez pas à nous contacter à [email protected] .

Die enmacc-Plattform ist jetzt noch intelligenter und vereinfacht Ihren RFQ Workflow. Wir führen die intelligente Counterparty Erkennung ein.

Was verbessert sich?

Ganz gleich, ob Sie unsere Empfängerlisten, Standard-RFQ Erstellung, Fast Track oder Quick Creator verwenden, die enmacc-Plattform arbeitet jetzt intuitiv für Sie:

• Das System denkt für Sie
  Während Sie eine E-Mail-Adresse eingeben, analysiert das System diese automatisch und schlägt Ihnen bestehende enmacc-Nutzer oder Unternehmen auf enmacc vor.
• Volle Kontrolle
  Möchten Sie einen RFQ an einen externen Kontakt senden, der nicht auf enmacc registriert ist? Kein Problem! Sie haben weiterhin die Möglichkeit, E-Mails an beliebige E-Mail-Adressen als externe Empfänger zu senden.
• Genaue Deal Historie
  Stellen Sie sicher, dass Ihre Deal Historie und Berichte absolut korrekt sind, ohne dass Sie mühsame manuelle Bereinigungen vornehmen müssen.

Möchten Sie es in Aktion sehen?

The enmacc platform just got a whole lot smarter, simplifying your request for quote (RFQ) workflow. We’re introducing smart counterparty recognition.

What’s changing for the better?

Whether you’re using our Recipient lists, ERC, Fast Track, or Quick Creator, the enmacc platform now intuitively works for you:

• The system does the thinking for you
  As you type an email, the system automatically analyses it and suggests existing enmacc users or companies on enmacc.
• Total control
  Need to send an RFQ to an external contact not on enmacc? No problem! You still have the flexibility to send to any email address as an external recipient.
• Accurate deals history
  Ensure your deal history and reports remain perfectly accurate, eliminating the need for tedious manual cleanup.

Ready to see it in action?

For decades, the “Alpha” in energy trading was assumed to be a product of superior information or better models. We poured investment into data lakes, weather forecasting, and complex analytics. The assumption was simple: if you have the best strategy, you win.

But if you look at a modern energy desk today, you’ll see a different reality. The bottleneck isn’t the idea; it’s the latency of execution. In a fragmented, off-screen market, the gap between “I want to do this trade” and “This trade is done” is where the most value is lost.

The problem: the “coordination tax”

In the OTC world, execution is a high-contact sport. It requires managing multiple parallel threads:

• Keeping “intent” alive across several counterparties simultaneously
• Manually tracking RFQs while the exchange price shifts.
• Filtering the “noise” of incoming quotes that don’t fit the strategy.

We call this the Coordination Tax. Every minute a trader spends on the mechanics of a trade, clicking, following up, or manually adjusting a target price, is a minute they aren’t looking at the next opportunity. In competitive markets, this tax isn’t just a nuisance; it’s a leak in the P&L.

Strategy vs. mechanics

The market has reached a level of complexity where the human brain is no longer the best tool for coordination. 

Most trading software today is passive. It waits for you to tell it exactly what to do, click by click. This forces the trader to act as the “middleman” between their own strategy and the market. You have become the “glue” holding a fragmented process together.

The challenge for the professional energy desk in 2026 is no longer “What is the price?” It’s “How do I execute this intent across a fragmented network without the market moving against me?”

The shift from “manual” to “agentic”

To close this gap, the industry is moving toward Agentic Trading.

This isn’t “autonomous” trading, no trader wants a black box making financial commitments on their behalf. Instead, the future lies in delegated execution.

In an agentic workflow, the trader defines the Intent. You set the strategy, the limits, the “quietness” of the order. The agentic execution layer handles the Mechanics: the follow-ups, the counterparty selection, the timing of the RFQ.

This shifts your role from a “manager of clicks” to an “architect of intent.”

Finding your execution edge

The next decade of “Alpha” won’t be found in a better spreadsheet. It will be found by the desks that can execute their strategy with the least amount of friction.

When the mechanics of trading become a background process, the trader is finally free to do what they do best: exercise judgment. The “edge” isn’t in the tool itself; it’s in the bandwidth that the tool gives back to the human.

Execution is the new edge. It is time to reclaim your alpha.

Request early access

CHICAGO / MUNICH / ESSEN, Germany, February 10, 2026 –Trading Technologies International, Inc. (TT), a global capital markets technology trading system provider, today announced it will enter into an agreement with Enmacc GmbH, a leading European over-the-counter (OTC) energy trading market venue, to integrate Enmacc’s market-leading bilateral OTC trading system with the TT® trading system, providing a unified execution experience for mutual energy trading clients across exchange-traded and OTC markets.

The collaboration brings together two highly complementary and leading technology solutions in the European energy and power markets. TT will provide global access to listed derivatives and exchange-traded energy markets, including the main European energy spot trading venues. enmacc will bring its extensive network of customers and RFQ workflow for the trading of bilateral OTC and exchange cleared contracts. The firms will leverage the collaboration to eliminate fragmented workflows to provide customers with a best-in-class experience across exchange-traded and OTC bilateral workflows.

The integration links enmacc’s alpha, the first agentic trading offering, and TT’s market execution suite, allowing market participants to distribute liquidity to counterparties instantly, execute on listed markets and manage bilateral credit risk with precision.

Alun Green, EVP and Managing Director, Futures and Options at TT, said: “Enmacc has built an incredible footprint across the European energy landscape, particularly among municipalities and commercial firms that require a modern, agile approach to bilateral trading. There is a natural synergy between our technology. By integrating Enmacc’s smart credit engine and OTC capabilities with TT’s global distribution network, we are providing our shared customers with a powerful, comprehensive toolset that simplifies the path from price discovery to execution.”

Jens Hartmann, CEO of enmacc, said: “Our vision is to redefine OTC markets by providing flexibility, intelligence and front-to-end digital trading workflows. By partnering with Trading Technologies, we are giving our clients direct access to the services of a global execution powerhouse. The combination of our bilateral marketplace with TT’s institutional-grade exchange connectivity and execution tools creates a formidable alternative to legacy platforms.”

About enmacc

enmacc is Europe’s largest market venue for OTC trading of energy and environmental commodities. Our digital market venue includes power, gas, Guarantees of Origin, Renewable Energy Guarantees of Origin, emissions allowances and weather derivatives, enabling members to trade faster, more widely, and with greater control. enmacc is trusted by over 2000 traders from over 660 member companies, including large utilities, industrials, energy majors, trading houses, financial institutions, and municipal suppliers. enmacc leverages its reach to create efficient markets in energy and environmental commodities to accelerate the energy transition.

About Trading Technologies

Trading Technologies is a global capital markets technology company providing market-leading technology for the end-to-end trading operations of Tier 1 banks, brokerages, money managers, hedge funds, proprietary traders, Commodity Trading Advisors (CTAs), commercial hedgers and risk managers. With its roots in listed derivatives, the Software-as-a-Service (SaaS) company delivers “multi-X” solutions, with “X” representing asset classes, functions, workflows and geographies. This multi-X approach features trade execution services across futures and options, fixed income, foreign exchange (FX) and cryptocurrencies augmented by solutions for data and analytics, including transaction cost analysis (TCA); quantitative trading; compliance and trade surveillance; clearing and post-trade allocation; and infrastructure services. The award-winning TT ecosystem also helps exchanges deliver innovative solutions to their market participants, and technology companies to distribute their complementary offerings to Trading Technologies’ clients.

Media contacts:

For Trading Technologies:
Ellen G. Resnick
Crystal Clear Communications
+1 312-399-9295
[email protected]

Elise Fleischaker
Trading Technologies
+1 312-476-1139
[email protected]

London / Munich – February 10, 2026  – enmacc, Europe’s leading OTC energy market venue, today announced that the company is the first provider to embed platform notifications within the LSEG Messenger system via LSEG’s modern, high-performance API. 

The integration delivers real-time alerts for trading opportunities originating from enmacc’s Requests for Quotes (RFQs), creating a seamless workflow that gives traders a decisive edge in fast-paced energy markets. This is the latest step in an ongoing partnership between enmacc and LSEG to build a deeply connected trading ecosystem. 

“We are thrilled to be the first to deliver this level of integration on the new LSEG Messenger,” said Jens Hartmann, CEO at enmacc. “Our mission is to digitalise the energy trading workflow, and this is a major step forward. We know many of our members already rely on the LSEG network daily, and by embedding critical alerts directly where they communicate, we are giving them the speed to capture market opportunities they might otherwise miss.”

The new LSEG Messenger is designed with a modern, high-capacity architecture that moves beyond simple alerts and enables truly interactive experiences. This powerful foundation unlocks the potential for more advanced in-chat functionalities.

“enmacc’s commitment to user experience and their early adoption of the new platform make them an ideal partner,” said Reza Haidari, Director of Power, Gas, Coal and Carbon at LSEG. “The seamless integration of their notifications into the Messenger is a prime example of the value our open ecosystem brings to the financial community. We are excited to build on this successful collaboration to deliver further innovations.”

About enmacc

enmacc is Europe’s largest market venue for OTC trading of energy and environmental commodities. Our digital market venue includes power, gas, Guarantees of Origin, Renewable Energy Guarantees of Origin, emissions allowances and weather derivatives, enabling members to trade faster, more widely, and with greater control. enmacc is trusted by over 2000 traders from over 660 member companies, including large utilities, industrials, energy majors, trading houses, financial institutions, and municipal suppliers. enmacc leverages its reach to create efficient markets in energy and environmental commodities to accelerate the energy transition.

About LSEG

LSEG is a leading global financial markets infrastructure and data provider, playing a vital social and economic role in the world’s financial system.

With our open approach, trusted expertise and global scale, we enable the sustainable growth and stability of our customers and their communities. We are dedicated partners with extensive experience, deep knowledge and a worldwide presence in data and analytics; indices; capital formation; and trade execution, clearing and risk management across multiple asset classes.

LSEG is headquartered in the United Kingdom, with significant operations in 65 countries across EMEA, North America, Latin America and Asia Pacific. We employ over 26,000 people globally, more than half located in Asia Pacific.

LSEG’s ticker symbol is LSEG.