Excelergy Trader BackOffice Will Feature GME MarketConnect for High-Performance Connectivity with New Italian Power Exchange.Business Editors/High-Tech Writers LEXINGTON, Mass.--(BUSINESS WIRE)--Oct. 30, 2002 Award-winning power scheduling, settlement and market communications software (communications, software) communications software - Application programs, operating system components, and probably firmware, forming part of a communication system. These different software components might be classified according to the functions within the Open Systems platform is based on same Excelergy technology behind GME GME granulomatous meningoencephalitis. GME Graduate medical education, see there , Italy's new power exchange US-based software provider Excelergy(R) Corporation today announced a special version of its award-winning Excelergy Trader BackOffice(TM) for participants in Italy's new wholesale power exchange, scheduled to open in January. The Italian-market version will feature Excelergy GME MarketConnect(TM), a high-performance communications and transaction management module offering complete connectivity and compatibility for the automated processing of GME transactions. Excelergy GME MarketConnect can be deployed on a stand-alone basis or as the market connectivity configuration of the complete Excelergy Trader BackOffice platform. "Excelergy Trader BackOffice and GME MarketConnect are based on the same Excelergy software technology behind the Web-based Italian power exchange The Italian Power Exchange (or IPEX, or Gestore del Mercato Elettrico or GME in Italian) is the electricity futures market for Italy. It was established by the Italian legislature on 16 March 1999 and issued general rules on 8 May 2001. ," said Bill Mahoney Bill Mahoney (born June 23, 1936 in Peterborough, Ontario) is a former Canadian ice hockey coach. He was head coach of the Minnesota North Stars from 1983 to 1985. External links
The direct exchange of cash and securities. Straight-through processing is a major objective for cross-border transactions that are generally much more costly to settle compared to domestic transactions. environment from bid to award through scheduling and settlement." Excelergy's GME MarketConnect facilitates the exchange of crucial market data necessary to carry out successful transactions with GME. The multi-lingual product provides connectivity to the Italian power exchange based on open, standard-transport Web services (1) Loosely, any online service delivered over the Web. Such usage appears in articles from non-technical sources, but not in IT-oriented publications, because definition #2 below describes the correct use of the term. . Using just a single platform for all transactions, it securely manages collaborative information exchange--including bids, offers, awards and schedules--directly between European market participants and the Italian power exchange. By automating manual processes, GME MarketConnect will minimize data errors and inefficiencies and provide detailed audit trails of all transactions to insure verification and transaction integrity. Participants looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. more complete automation and straight-through processing can deploy the full Excelergy Trader BackOffice suite. Excelergy Trader BackOffice includes all GME MarketConnect functionality, plus full automation of the bidding, awarding, scheduling and settlement processes required to maximize profitability in GME's energy and dispatch markets. About the Italian Power Exchange Gestore del Mercato Elettrico (GME) is implementing a program that will introduce competition to the provision of electricity in Italy through a national power exchange. The power exchange will initially open to generators, distributors and wholesalers and extend to eligible customers over time. The power exchange will create day-ahead, intra-day, reserve and balancing markets to facilitate competition and lower energy prices while maintaining a reliable and stable power grid. Serving more than 57 million people, the Italian power market will manage a capacity of more than 72,000 megawatts of electricity from approximately 1400 generation facilities and 9700 kilometers of transmission lines. The Italian power market also interconnects with its counterpart systems in France, Switzerland, Austria, Slovenia and Greece. About Excelergy(R) Corporation Excelergy is a world leader in high performance software platforms that automate six mission-critical business processes--forecasting, trading, scheduling, billing, settlement and customer/partner acquisition and care--in the energy/utility industry and other restructuring value chains. Excelergy's clients include eight of the top 20 energy/utility 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. , with a growing major client base in Europe and Asia. From energy generators and traders to utilities, distribution companies, retailers, market operators, transaction hubs, application service providers and business process outsourcers, the company overall has executed a running total of 53 deployments in eight countries. Excelergy's highly flexible, scalable software systems are based on an open, object-oriented, Web-based, native XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. technology architecture. Winner of both the Red Herring Red Herring A preliminary registration statement that must be filed with the SEC describing a new issue of stock (IPO) and the prospects of the issuing company. Notes: 100 and UPSIDE Hot 100 awards for the world's top private companies, Excelergy has its North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. headquarters in Lexington, Massachusetts Lexington is a town in Middlesex County, Massachusetts, United States. The population was 30,355 at the 2000 census. The town is famous for being the site of the opening shots of the Battles of Lexington and Concord, the first engagement of the American Revolution. , its European headquarters in London, England and its Asia-Pacific operations in Melbourne, Australia. More information is available at www.excelergy.com. |
|
||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion