Washington, DC & Boulder, Colorado,, April 6, 2010
Nodal Exchange, the first exchange dedicated to offering locational (nodal) futures contracts and related services to participants in the organized North American electric power markets, and Yes Energy, a leading provider of graphical decision support systems for power trading in nodal markets, announced today that Yes Energy has launched a new tool, Nodal View™, specifically designed for participants on Nodal Exchange.
Yes Energy Nodal View gives Nodal Exchange participants a daily, graphical picture of market activity, price trends, and contract expiries for every Nodal Exchange contract in ISO‐NE, NYISO, PJM, and MISO. Markets can be viewed independently or simultaneously, and traders can quickly move from nodal to spread analyses. Nodal View also merges Nodal Exchange and ISO data to allow traders to easily see how the markets are moving relative to each other.
“Using Nodal View our customers can easily pinpoint market opportunities to best leverage the financially settled, standardized futures contracts we offer on Nodal Exchange,” said Paul Cusenza, Chief Executive Officer. “We are very pleased that leading technology companies, like Yes Energy, continue to provide tools that add value to our participants trading on Nodal Exchange.”
“Nodal Exchange expands the opportunities for power traders to manage congestion risk and capitalize on forward positions in nodal markets”, said Michael McNair, CEO of Yes Energy. “We are confident that the historical analyses in Nodal View will help optimize those opportunities. Nodal View will also provide a seamless upgrade path to the full Power Signals™ product for real‐time tracking of virtuals, FTRs, spreads, constraints, outages, weather, and other drivers of nodal market trends.”
About Nodal Exchange, LLC
Nodal Exchange is the first independent electronic commodities exchange dedicated to offering locational (nodal) forward trading products and services to participants in the organized North American electric power markets. Nodal Exchange builds on the success of the existing Regional Transmission Organization/Independent System Operator (RTO/ISO) day-ahead markets through the development of cash-settled forward nodal/zonal auctions that enables Nodal Exchange participants to effectively manage basis and credit risk. The Nodal Exchange platform also accepts for clearing bilateral over-the-counter (OTC) transactions submitted by participants and brokers. Nodal Exchange is an independent, privately held company. For more information, visit nodalexchange.com.
About Yes Energy
Headquartered in Boulder, Colorado, Yes Energy provides web based graphical decision support products and analytic support services to traders in electric power markets. Yes Energy’s software systems are designed to directly assist traders in their daily research routine, saving time and expanding views of complex nodal markets. Yes Energy combines quantitative analysis, large dataset management, unique visualization, and dynamic software applications to create new ways of understand power markets. PowerSignals™, the company’s flagship software product, offers the fastest, easiest, and most reliable tools for tracking the performance of virtuals, FTRs, and spreads in nodal markets. For more information, visit www.yesenergy.com.
Contact Nodal Exchange:
Nicole Ricard
Tel: 703-962-9816
Email: ricard@nodalexchange.com
Contact Yes Energy:
Michael
McNair
Tel: 1‐303‐993‐2773
Email: michael@yesenergy.com