Griffin
Griffin is a privately held European energy-market intermediary operating a regulated Organised Trading Facility (OTF) for wholesale OTC physical gas, power and associated markets, serving utilities and trading firms through hybrid voice and electronic execution on the Trayport platform.
- Company typePrivate
- Founded2011
- HeadquartersLondon, United Kingdom
- Headcount11–50
- GTM typeB2B
- OfferingServices
What Griffin does
Griffin is an energy-market-focused intermediary that operates a regulated Organised Trading Facility (OTF) for wholesale European gas, power and associated markets. Founded in London in 2011 by Andrew Stephens and Simon Davidson, the company relocated its principal regulated operations to Paris in January 2021 post-Brexit and now operates through Griffin Markets Europe SAS, authorised by the AMF and ACPR, with additional FCA and Consob branches in London and Milan. Griffin serves wholesale energy market participants — utilities, trading houses and major market participants — by providing hybrid voice and electronic execution of OTC physical energy trades via Trayport's GlobalVision platform integrated with Griffin's proprietary back-office systems.
The company's core offering is the OTF, supplemented by a Capacity Allocation Portal that matches gas pipeline capacity with physical gas trades (a strategic partnership with Interconnector (UK) and BBL Company), a Credit Optimisation Service that delivers over €10 billion in annual notional credit savings to customers, real-time and historic Market Data Services, and Regulatory Reporting Services covering REMIT and MiFID II obligations. Griffin is one of the few venues that delivers the C6 REMIT carve-out, ensuring physical gas and power contracts traded on its OTF are classified as non-financial instruments.
Griffin generates revenue primarily through transaction-based brokerage fees on OTC wholesale physical energy trades, monetising both voice and electronic execution across its European regulated OTF. The company has been privately held since founding, with no disclosed funding rounds, and has grown organically — a profile reinforced by consecutive Financial Times Long-term Growth Champion recognition (2024, 2025) and prior inclusion in FT 1000 and LSE 1000 Companies to Inspire Britain lists. Its customer base is concentrated among European wholesale energy trading firms and utilities, served through embedded Trayport distribution and dedicated broker relationships.
Griffin firmographics
Firmographics- Name
- Griffin
- Legal name
- Griffin Markets Services Limited
- Website
- https://griffinmarkets.com
- Company type
- Private
- Founded year
- 2011
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Griffin is a privately held European energy-market intermediary operating a regulated Organised Trading Facility (OTF) for wholesale OTC physical gas, power and associated markets, serving utilities and trading firms through hybrid voice and electronic execution on the Trayport platform.
- Ownership category
- akta.pro rank
Griffin industry classification
Industry- Product category
- Energy Brokerage
- NAICS
- Commodity Contracts Intermediation (523160), Securities and Commodity Exchanges (523210)
- SIC
- Commodity Contracts Brokers & Dealers (6221)
- akta.pro primary industry
- OTC Derivatives Execution Platforms (SEF/OTF/Swap Execution) (FSAFANAE)
- akta.pro secondary industries
- Institutional Multi-Asset Trading Platforms (OTC/RFQ) (FSAFAEAB), Pricing & Valuation Services (Fixed Income, OTC, Derivatives) (FSAFAIAF)
Keywords
Where Griffin is headquartered
LocationHeadquarters
- HQ city
- London
- HQ country
- United Kingdom
- HQ region
- Europe
Offices3 records
Markets served
Griffin business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales
Revenue model
- Brokerage / Transaction Fees: Griffin operates as an energy market intermediary, earning revenue through brokerage fees on OTC wholesale physical energy trades executed through its Organised Trading Facility (OTF). Revenue is generated on a per-transaction basis across its hybrid voice and electronic execution platform covering physical gas, power, and associated markets.
Go-to-market motion1 record
Distribution channels3 records
Marketing channels4 records
Griffin product offering
Product offeringCore offering
Griffin operates a regulated Organised Trading Facility (OTF) for wholesale European energy trading, offering a hybrid voice/electronic execution model for OTC physical gas and power contracts. The company supplements its core OTF with credit optimisation services, a gas pipeline capacity allocation portal, real-time and historic market data feeds, and regulatory reporting services covering REMIT and MiFID II.
Product overview
Griffin operates a single unified regulated trading platform — an Organised Trading Facility (OTF) — for wholesale European energy trading. The OTF provides standardised and bespoke contracts for UK and Continental European gas and power markets, executed through a hybrid voice/electronic model integrated with Trayport. Griffin supplements its core OTF with four key modules: a Capacity Allocation Portal for gas pipeline capacity matching with physical gas trades; a Credit Optimisation Service for pre-trade and post-trade credit line optimization; Market Data Services providing real-time and historic energy price data; and Regulatory Reporting Services covering REMIT and MiFID II obligations. The platform is authorized by AMF/ACPR in France and operates through Griffin Markets Europe SAS.
Differentiator
Problem solved
Functional benefit
Products and services
- Organised Trading Facility (OTF) Regulated OTF for wholesale European energy trading offering standardised contracts for UK and Continental European gas and power, as well as bespoke structured arrangements. Operates via a hybrid voice/electronic execution model using Trayport technology and is authorized by AMF/ACPR in France.
- Griffin Portal (Capacity Allocation Portal) Online portal system for gas pipeline capacity allocation enabling traders to view available capacity for specific time periods and submit capacity allocation applications in real time. Capacity applications are matched with physical gas trades executed through Griffin's OTF, qualifying for the C6 REMIT carve-out.
- Credit Optimisation Service Pre-trade and post-trade credit optimisation services. Pre-trade technologies allow more orders to be tradable on Griffin's Trayport platform by configuring credit settings to suit individual customer requirements. Post-trade services enable targeted identification of opportunities to reduce credit constraints, regularly delivering notional annual savings of over €10 billion.
- Market Data Services
Quantifiable outcome
- Over €10 billion in annual notional credit savings delivered to customers through credit optimisation service
- +3 more outcomes
Companies that use Griffin
Customer profileNamed customers3 records
Segments1 record
Ideal customer profiles1 record
Griffin technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration3 records
Feature4 records
Griffin partnerships and signals
Strategic signalPartnerships
Five partnerships are on record, tiered core.
- BBL CompanycoreBBL Company (Bacton-Balgzand Limited) partners with Griffin as an Implicit Allocation Partner. From 27 January 2026, Griffin's customers that are IAA shippers can apply for gas pipeline capacity allocation in BBL's Bacton-Balgzand pipeline between the UK and the Netherlands. Capacity booked through Griffin is electronically registered with PRISMA. Each allocation of capacity is matched with an equal volume of physical gas in North-West Europe traded through Griffin's OTF, qualifying for the C6 REMIT carve-out.
- RWEcoreRWE collaborated with Griffin to prove the concept of real-time automated credit processing as part of the EFET/LEBA joint initiative. RWE was the major market participant able to export credit automatically into the Trayport system, demonstrating the viability of the fully automated, real-time, error-free credit processing system developed jointly.
- EFET and LEBAcoreEFET (European Federation of Energy Traders) and LEBA (London Energy Brokers' Association) established a joint initiative to create a fully automated, real-time and error-free credit processing system. Griffin participated in this initiative, which successfully reached operational status with RWE as the proof-of-concept market participant, paving the way for all market participants and brokers to adopt the same approach.
- Interconnector (UK) LimitedcoreInterconnector (UK) Limited partners with Griffin as an Implicit Allocation Partner. Since March 2019, Griffin's customers that are IAA shippers can apply for capacity allocation in Interconnector's Bacton-Zeebrugge pipeline using Griffin's online Portal system. Capacity allocated through Griffin's Portal is matched with physical gas trades executed through Griffin's OTF, ensuring C6 REMIT carve-out compliance.
- TrayportcoreGriffin operates its trading venue on Trayport's GlobalVision platform, which is heavily integrated into Griffin's proprietary market-leading back-office systems. The integration enables electronic trading, straight-through processing for cleared transactions, and API connectivity for market data and capacity allocation. Griffin's systems regularly top the Equias Key Performance Indicator tables for brokers.
Scale indicators5 records
Recent moves9 records
Expansion highlights5 records
Griffin competitors and assessment
Company assessmentDirect peers
- Marex: Marex is a diversified global commodities broker and clearer with a significant European energy brokerage franchise spanning gas, power, and emissions. It is the closest direct competitor to Griffin in the European wholesale energy intermediation market and was created through the merger of several legacy brokers including OTCex.
- Compagnie Financière Tradition (Tradition Energy): Tradition is one of the world's largest interdealer brokers with a dedicated Tradition Energy division active in European gas, power, and emissions voice brokerage. It competes with Griffin for the same institutional energy trading counterparties and operates adjacent OTC intermediation services.
- Freepoint Commodities: Freepoint Commodities is an energy-focused merchant and broker active in European and global physical and financial energy markets. It serves overlapping institutional energy counterparties to Griffin and competes for OTC execution and intermediation mandates.
- ED&F Man: ED&F Man is a global commodities merchant and broker with a long-established presence in European energy and soft commodities. It is a comparable specialist broker active in OTC energy intermediation alongside Griffin.
Broad incumbents
- TP ICAP: TP ICAP is the world's largest interdealer broker with a global Energy & Commodities division covering oil, gas, power, and emissions. It is a much larger and more diversified incumbent than Griffin, but its European energy voice brokerage overlaps directly with Griffin's core service.
- BGC Group: BGC Group is a global interdealer broker offering energy commodities brokerage across gas, power, and emissions as part of a much broader fixed income and rates franchise. Like TP ICAP, it is a large incumbent that competes with Griffin in the European energy voice and electronic execution space.
- European Energy Exchange (EEX): EEX is Europe's leading energy exchange, operating regulated markets and clearing for power, gas, and emissions derivatives. While EEX is a listed exchange rather than an OTF, it competes for European energy trading flow adjacent to Griffin's OTC venue, particularly for cleared and standardised products.
- ICE Futures Europe: ICE operates regulated European energy derivatives exchanges (gas, power, emissions) and OTC energy clearing services. It is a much larger incumbent that sits adjacent to Griffin's OTC intermediation business and competes for institutional European energy flow.
Market position
Strengths1 record
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Griffin social profiles
Digital presenceGriffin compliance and trust
Trust signalCompliance7 records
Griffin financial estimates
Financial estimateRevenue estimate
Valuation estimate
Griffin leadership team
Management profileNumber of profiles
Profiles4 records
Griffin subsidiaries and ownership
Company hierarchySubsidiaries1 record
Griffin funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Griffin M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Griffin
What does Griffin do?
Griffin operates a regulated Organised Trading Facility (OTF) for wholesale European energy trading, offering a hybrid voice/electronic execution model for OTC physical gas and power contracts. The company supplements its core OTF with credit optimisation services, a gas pipeline capacity allocation portal, real-time and historic market data feeds, and regulatory reporting services covering REMIT and MiFID II.
Is Griffin a public or private company?
Griffin is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Griffin founded?
Griffin was founded in 2011. It employs 11 to 50 people.
Where is Griffin based?
Griffin is headquartered in London, United Kingdom, in the Europe region.
How does Griffin make money?
One revenue line is on record: brokerage / Transaction Fees.
Who are Griffin's main competitors?
Direct peers on record are Marex, Compagnie Financière Tradition (Tradition Energy), Freepoint Commodities and ED&F Man. Broad incumbents are TP ICAP, BGC Group, European Energy Exchange (EEX) and ICE Futures Europe.
Does Griffin have an API?
No public API is recorded for Griffin.
What industry is Griffin in?
Griffin's product category is Energy Brokerage. Its primary akta.pro industry code is FSAFANAE, OTC Derivatives Execution Platforms (SEF/OTF/Swap Execution), with a secondary code of FSAFAEAB, Institutional Multi-Asset Trading Platforms (OTC/RFQ). Its NAICS code is 523160 and its SIC code is 6221.