Automated Power Exchange - APX - Completes Midwest ISO Qualification Testing; Announcement Confirms APX's Status as a Market Participant for MISO Trials This Fall.Business Editors/Energy Writers HOUSTON--(BUSINESS WIRE)--Aug. 26, 2003 APX APX Approximately APX ascorbate peroxidase APX Amsterdam Power Exchange APX Automated Power Exchange APX Alt Preset Extreme (MP3 encoding preset) APX Average Page Exposure APX Ateliers de Puteaux APX Airborne Radar Transponder , a leading provider of transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. services for the electric power industry, announced today that it has completed Qualification Testing for the Midwest Market Initiative market trials, scheduled to begin this November. In June APX announced its intentions to expand its platform to provide an interface to the Midwest ISO (1) See ISO speed. (2) (International Organization for Standardization, Geneva, Switzerland, www.iso.ch) An organization that sets international standards, founded in 1946. The U.S. member body is ANSI. (MISO) during the market trials, and will be ready when the market opens its doors to competition on March 31, 2004. "We can now officially call ourselves a participant in MISO's market trials this November," said John Yurkanin, CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of APX. "We look forward to offering our proven and advanced service based technology to provide a flexible yet reliable platform to ensure a smooth entry and transition to a competitive marketplace for all MISO participants." APX will offer market participants a combination of technology and back office services that will allow them to submit generation offers, demand bids, virtual supply offers and demand bids, and external supply and demand bids in the Day-Ahead market. Market participants can also submit changes to offer curves and demand response offers in the Real-Time market. During the settlement process, participants will have access to fully validated settlement statements, including credits and charges for Financial Transmission Rights. APX's advanced technology will handle all data transfers including uploads/downloads, market information and clearing prices. APX's Operations Department Operations department See: Back office. operations department See back office. will also act as the product support call center, available 24 hours a day, seven days a week. About APX Inc. As an independent transaction processing service provider for wholesale electric power markets, APX processes more than 700 million megawatt hours per year for approximately 200 client companies in North America North America, third largest continent (1990 est. pop. 365,000,000), c.9,400,000 sq mi (24,346,000 sq km), the northern of the two continents of the Western Hemisphere. and Europe. Services include scheduling and settlement, trading platforms and brokerages, generation information, and demand response. A privately held company privately held company A firm whose shares are held within a relatively small circle of owners and are not traded publicly. , APX has offices in California, Texas, Connecticut, England, and Norway. More information is available at www.apx.com. |
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