Along with many of the largest institutions on Wall Street, complex derivatives traders, and Over the Counter (OTC) market makers, Net Energy required a programmable, secure, and interoperable presence platform in order to offer energy traders a real-time transactional network.
Tapping the Power of Presence, Net Energy’s Tradetracker instant messengers are used to exchange information on commodities such as oil, natural gas, and electricity. Traders negotiate and execute transactions using the online trading platform and individual instant messaging (IM) sessions. The Jabber Extensible Communications Platform™ (Jabber XCP™) routes buy and sell confirmations—that include accurate and verifiable information about the counterparty, terms, and price of a deal—as fixed formatted messages available to risk book and back office processing systems.
Traders execute more trades in less time and Net Energy distributes information more efficiently by eliminating communication barriers and errors.
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Net Energy Exchange
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