[September 21, 2000] Caminus Corporation and HoustonStreet Exchange have led a group of energy exchanges and trading partners in the formation of a new consortium, the Energy Trading Standards Group (ETSG).
[September 21, 2000] "Leading Energy Exchanges and Solutions Providers Establish XML Standards Consortium for Web-Based Energy Trading Industry. Open Communication Standards to Facilitate Trade Information Exchange, Streamline Trade Data Management and Boost Energy Trading Efficiency." - "The energy trading industry's leading exchanges and technology companies announced today the formation of the Energy Trading Standards Group (ETSG), an open consortium that will develop standards to automate the sale of wholesale energy and improve information sharing between energy trading companies. Consortium members to date include ABB Energy Information Systems, Automated Power Exchange (APX), Caminus Corporation, HoustonStreet Exchange, Open Link Energy, RedMeteor.com, Inc., Triple Point Technology Inc., GFInet, and Sapient. The consortium, initiated by Caminus and HoustonStreet, is open to all interested industry participants. ETSG will develop open standards based upon XML (Extensible Markup Language) technology, the lingua franca of business-to-business Internet commerce. The companies will initially create standards for exchanging data between online trading platforms and transaction/risk management systems used by wholesale electricity and natural gas trading companies. 'XML is rapidly becoming the key data interchange standard for time-critical, high-volume information sharing on the Web, and is a step towards improving operational efficiency in trading systems,' said Amin Rawji, vice president, TransCanada Energy, a company active in the energy markets. 'The ETSG consortium is to be commended for taking the initiative in effectively administering the XML standard for Internet-based B-to-B transactions and applications interoperability in the energy trading industry.' The ETSG consortium will streamline the deal capture process by creating open standards to automate the internal data exchange between frontline traders and their company's mid- and back-office transaction management systems. This automation will save energy trading companies time and expense by eliminating the errors associated with trade ticket generation and data entry, providing real-time access to trade data and eliminating the cost of building and managing proprietary systems and connectors. The consortium intends to develop standards to improve the often-fragmented external exchange of transaction and related data among energy trading partners. Open information exchange standards will allow wholesale energy buyers and sellers to benefit from nearly instantaneous electronic trade confirmations and 'down-stream' scheduling. The ETSG consortium will freely publish the standards so that energy companies can apply them to their own business processes. The consortium will develop XML-enabled connectors to allow energy trading companies to easily integrate their systems with service providers adopting these standards. For more information about joining the ETSG consortium, contact David Markowitz at Caminus Corporation at (212) 515-3600, or Rob Armstrong at HoustonStreet Exchange, at (603) 766-8613."
[September 21, 2000] "Caminus and HoustonStreet Spearhead Formation of XML Standards Consortium for Web-based Energy Trading. Open communication standards to facilitate energy trade information exchange, streamline data management and boost energy trading efficiency." - "Caminus Corporation announced today that Caminus and HoustonStreet Exchange have spearheaded the formation of the Energy Trading Standards Group (ETSG), an open consortium with the goal of developing standards to automate the sale of wholesale energy and improve information sharing between energy trading companies. Along with Caminus and HoustonStreet Exchange, consortium members include ABB Energy Information Systems, Automated Power Exchange (APX*), Open Link Energy, RedMeteor.com, Inc., Triple Point Technology Inc., GFInet, and Sapient. ETSG will develop open standards to communicate energy trade data based upon XML (extensible markup language) technology for business-to-business Internet commerce. The companies will initially create standards for exchanging data between online trading platforms and transaction/risk management systems used by wholesale electricity and natural gas trading companies..."