NrgStream Adds Amerex Forwards Coverage
The addition of Amerex Indicative Data coverage allows NrgStream to provide
customers greater price transparency in North American Energy Markets.
CALGARY and HOUSTON August 7, 2006 - NrgStream, the leading provider of ASP data
management and distribution solutions for North American Energy Markets,
announced today that it has entered into a licensing agreement with Amerex to
redistribute and market their power and natural gas indicative data. “Energy
traders require easy access to real-time and historic market data to price their
products and services, manage their risk, and perform valuations for compliance
reporting and disclosure. Given, industry regulatory requirements aren’t going
away; and fully auditable pricing will be a requirement for some time to come,
instant access to accurate and comprehensive market pricing data is more
important than ever,” said Todd Young, President, NrgStream. “Today’s energy
trading firms depend on price transparency and liquidity for their success. With
the addition of Amerex Indicative Pricing data, NrgStream customers not only
gain the means to maintain more accurate daily mark to market reporting, they
also get the basis for more meaningful forward market pricing.”
“Amerex Indicative data provides an important piece of the puzzle in creating an
accurate view of the market,” said Mike Prokop, Senior Vice President, Amerex
Energy. “We are excited to work with NrgStream to provide targeted forward
energy market information through their state-of-the-art ASP data management and
distribution solutions."
About NrgStream.
NrgStream, with offices in Calgary and Toronto, helps leading energy trading
organizations and professionals gain a competitive advantage in volatile power
and gas markets. NrgStream's award winning data management and distribution
solutions help customers optimize their use of market information and lower
their total cost of ownership. By consolidating real-time and historical market
data into a single, easy to use source for all their energy market information,
NrgStream helps customers be more efficient and productive. For further
information about NrgStream solutions, please visit www.NrgStream.com.
About Amerex,
Amerex Energy, founded in 1978, is a world leader in providing over-the-counter
energy brokerage, with offices in Houston, London, Singapore, Monaco and Tokyo.
Amerex provides brokerage services in electricity, natural gas, crude oil,
petroleum products, coal, emission credits and allowances as well as energy data
sales and logistical services. For further information about Amerex visit
www.amerexenergy.com.
NrgStream Contact:
Kevin Sebastian
Tel: 416-623-1988
Kevin@nrgstream.com