CalPX Provides Non-delayed California Energy Market Information on Telerate.Business Editors PASADENA, Calif.--(BUSINESS WIRE)--Feb. 2, 2000 The California Power Exchange today announced agreements with Telerate Inc. and Bridge Information Systems to provide non-delayed electricity market information to their clients utilizing technology from BRIDGE. &uot;This partnership with Telerate and BRIDGE allows CalPX to provide a variety of information services See Information Systems. on a non-delayed basis to non-CalPX market participants The term market participant is used in United States constitutional law to describe a U.S. State which is acting as a producer or supplier of a marketable good or service. When a state is acting in such a role, it may permissibly discriminate against non-residents. that have, until recently, only been available to CalPX's market participants,&uot; George Sladoje, CalPX chief executive officer, said today. Market prices and volumes are available to Telerate Energy market data clients on a non-delayed basis for the Day-Ahead and Day-Of markets as part of CalPX's initial offering of static information. In the future, CalPX plans to add more services, such as access to the Block Forwards Market closing prices and continuous ticker ticker An automated quotation system on which security transactions are reported after they occur on an exchange floor. Even though the newer systems are electronic and no longer actually tick, the name of the old mechanical device has stuck. during trading sessions. John Jessop, president of Telerate, said: &uot;With real-time market information from CalPX, our energy customers now have timely access to CalPX's benchmark wholesale power prices and will soon be able to evaluate historical CalPX data with our Athena technical analysis and advanced charting application. We look forward to offering other vital market information from CalPX as the western U.S. wholesale power markets continue to evolve.&uot; CalPX's Day-Ahead Market prices are used extensively by energy traders Traders Individuals who take positions in securities and their derivatives with the objective of making profits. Traders can make markets by trading the flow. When they do this, their objective is to earn the bid/ask spread. as a reference price for trading through the western bilateral bilateral /bi·lat·er·al/ (-lat´er-al) having two sides, or pertaining to both sides. bi·lat·er·al adj. 1. Having or formed of two sides; two-sided. 2. market at the California-Oregon and California-Arizona border hubs. As such, CalPX prices have become an essential market tool for energy traders requiring electricity pricing information immediately after CalPX runs its Day-Ahead Market auction each morning. Data includes both unconstrained and constrained con·strain tr.v. con·strained, con·strain·ing, con·strains 1. To compel by physical, moral, or circumstantial force; oblige: felt constrained to object. See Synonyms at force. 2. market clearing prices for the Day-Ahead energy market and unconstrained market clearing prices for the Day-Of market as they become available to market participants throughout the day, including Day-Ahead Market zonal prices posted in the early afternoon. CalPX is a private non-profit, public benefit corporation that was created through state legislation to provide an efficient competitive auction for energy on an open and nondiscriminatory basis. CalPX is the largest of the 15 power exchanges in the world serving all consumer classes and the first in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . Approximately 80-90 percent of the electricity consumed in California is being purchased and sold at CalPX. Visit the company at www.calpx.com. Telerate, formerly Dow Jones Dow Jones the best known of several U.S. indexes of movements in price on Wall Street. [Am. Hist.: Payton, 202] See : Finance Markets, was acquired by Bridge Information Systems in May 1998 and is a wholly owned subsidiary Wholly Owned Subsidiary A subsidiary whose parent company owns 100% of its common stock. Notes: In other words, the parent company owns the company outright and there are no minority owners. of BRIDGE. Through terminals, data feeds and Web-browser-based applications, Telerate supplies data, analytics and news for the fixed income, foreign exchange, money, derivatives derivatives In finance, contracts whose value is derived from another asset, which can include stocks, bonds, currencies, interest rates, commodities, and related indexes. Purchasers of derivatives are essentially wagering on the future performance of that asset. and energy markets to more than 90,000 users globally. More than 25 years ago, Telerate pioneered electronic delivery of financial information in the fixed income markets. Today, Telerate, a leading provider of real-time financial information, is further enhanced by the inclusion of BRIDGE news and equity data into Telerate products, and upgraded technology. Telerate Energy provides exclusive fast-breaking news from BridgeNews and other sources along with extensive value-added offerings from all futures and options exchanges and a huge menu of specialist third-party data. For more information, visit www.telerate.com. |
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