Leading German Power Utility, MVV Energie AG inks deal with FSD's Contango; Leading German power Utility inks deal with FSD International.Business Editors LONDON--(BUSINESS WIRE)--March 1, 2000 FSD FSD Female Sexual Dysfunction FSD File System Driver FSD Family Support Division FSD Fire Services Department (Hong Kong) FSD Full Scale Development FSD Full Scale Deflection FSD Federal Systems Division International Ltd, a leading European provider of trading and risk management software, analytics and services to the energy industry, today announced that MVV MVV maximal voluntary ventilation. Energiehandel GmbH, a subsidiary of MVV Energie AG had licensed the Contango Contango When the futures price is above the expected future spot price. Consequently, the price will decline to the spot price before the delivery date. Notes: This is the opposite of backwardation. Suite for their energy trading and risk management needs. MVV will use Contango to trade Power in the European OTC markets and exchanges particularly on the NordPool and EEX EEX European Energy Exchange EEX Enter Exponent (European Energy Exchange European Energy Exchange AG is Germany's energy exchange the leading energy exchange in Central Europe. The European Energy Exchange is located in Leipzig. Preceding companies were LPX Leipzig Power Exchange, located in Leipzig and European Energy Exchange, located in ). Einar Westre, General manager for MVV Energiehandel GmbH and board member of EFET EFET European Federation of Energy Traders , the European Federation of Energy Traders, an acknowledged expert and commentator in the emerging German Power market said MVV selected FSD's Contango on pure merit of the system. Contango is easily the best system we have seen after looking at them all in great detail. Michael Coleman Michael Coleman may mean:
The new license announcement comes at a time when FSD has seen many new additions and enhancements to its Contango suite of risk management and trading software. Among enhancements attracting particular attention is Contango's new front-end `The Trade Blotter'. Coleman says "We will be making further important product announcements in the coming weeks regarding our release of the new Verbandevereinbarung Zwei solutions." With sales of 1.1 Billion DM, MVV Energie AG are among the 10 top municipal public utilities in Germany. The core business activities, i.e. electric power, natural gas, district heating District heating (less commonly called teleheating) is a system for distributing heat generated in a centralized location for residential and commercial heating requirements. , water, waste management and energy services, formed the basis for MVV Energie AG's floatation on March 2, 1999, the first municipality in Germany to do so. As for energy trading MVV has been actively involved in wholesale trading since 1998. MVV is a member of CEPI, EIS (1) (Executive Information System) An information system that consolidates and summarizes ongoing transactions within the organization. It provides top management with all the information it requires at all times from internal and external sources. and SWEP SWEP Swiss Electricity Price Index SWEP Summer Work Experience Program SWEP South-Western Educational Publishing SWEP South West Equine Protection SWEP Solid Waste Environmental Program SWEP South Wiltshire Economic Partnership SWEP School-Wide Enrichment Program and promoting the development of an energy exchange in Continental Europe Continental Europe, also referred to as mainland Europe or simply the Continent, is the continent of Europe, explicitly excluding European islands and, at times, peninsulas. ; in this context MVV took a 1.5% stake in EEX. For more information visit MVV's web site at www.mvv-energie-ag.de. FSD International Ltd is a leading European provider of Energy trading and risk management software, analytics and services. Founded in 1991, FSD operates from offices in Europe and Asia in both the energy and financial verticals providing high quality software and services. FSD's software clients include some of the largest energy marketers in the world. For more information, visit FSD's web site at www.fsd.co.uk. profile FSD International is a leading European provider of energy trading and risk management software, analytics and services. Founded in 1991, FSD operates from offices in Europe and Asia in both the energy and financial verticals providing recognized high quality software and services. FSDs clients include some of the largest energy marketers in the world. Our expertise and vital domain knowledge has been extrapolated from a team of developers, ex-traders and marketers all of whom have extensive product and market knowledge and are working within the business environment. FSD Internationals expertise in the energy and financial markets has given them an enviable reputation for both quality and delivery. It is FSDs goal to continue its growth in line with market demands. Contango, FSDs energy risk management system has seen continual product enhancements focusing on the growing requirements for increased functionality of electricity and gas trading systems throughout Europe, particularly within the Nordpool, U.K. and the emerging German markets. With the release of Contango 2000, our Internet and Web enabled system, FSD fully expects to remain the market leader in this industry for systems and technology. |
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