News & Events

04/13/2010 – 04/15/2010 Gulf Coast Power Association Spring Conference
02/22/2010 - PrivateMarkets™ Expands Sales Leadership
02/01/2009 - PrivateMarkets™ Introduces Ancillary Services Trading
12/01/2008 - PrivateMarkets™ Commences Operations in ERCOT Power Market
10/09/2008 - PrivateMarkets™ Exhibits at LEAP Conference
04/07/2008 - PrivateMarkets™ Demonstrates Bilateral Trading Solution at Gulf Coast Power Association Spring Conference
02/28/2008 - PrivateMarkets™ Completes $3.75M Private Equity Financing
02/20/2008 - PrivateMarkets™ Launches Revolutionary Bilateral Electronic Structured Transaction Service for Electricity and Natural Gas
02/18/2008 - Energy Trading International, Inc. Changes Name to PrivateMarkets, Inc.

PrivateMarkets™ Commences Operations in ERCOT Power Market

Online Service Provides Alternative to Voice Trading for Regional Power Trading

December 1, 2008, Boxborough, MA - PrivateMarkets, Inc. today announced that it has commenced production operations of its electricity trading service in the ERCOT (Texas) regional market. The initial customers include some who had participated in early trials of the product and provided feedback that shaped the final product features. The company will focus on the ERCOT market segment through the early part of 2009, and then plans to expand its trading operations to the rest of the US wholesale electricity market in mid-2009.

The PrivateMarkets™ network brings together wholesale consumers of energy - the utilities (municipal and investor-owned), retail energy aggregators, generators, marketers, and industrials - all of which have a large portion of their energy trading needs that would benefit from PrivateMarkets. The hosted service can be easily accessed from any standard Windows-based trader workstation via a secure Internet connection. The platform also enables both physical and financial trading of natural gas for fuel or other uses all on the same platform that enables negotiation and execution for power and ancillary services.

PrivateMarkets is an electronic negotiation and execution marketplace designed specifically for the unique requirements of direct, party-to-party bilateral trading of shaped and customer block physical or OTC financial commodities. Our product benefits customers by bringing the effectiveness, efficiency, capture, and control aspects of an electronic solution to a trading process that today is still conducted manually via phone, IM, fax, or email. It does this with unique, patent-pending technology which creates a Virtual Private Market™ that doesn’t impose unwanted change to the way our customers do business today.

For more information about PrivateMarkets visit www.privatemarkets.com, email SalesTeam@PrivateMarkets.com or call Sales at (877) 384-8723.

 

PrivateMarkets™ and Virtual Private Market™ are trademarks of PrivateMarkets, Inc.