Net Market liquidity claims

By Staff -- Purchasing, 7/13/2000

IndustrialVORTEX.com says volume for RFQs places at its site has exceeded $20 million.

Altra Energy Technologies, together with its partners Amerex Power and Prebon Energy, released trading statistics for Altrade Power, an independent online trading exchange for wholesale electric power. In February 2000, trading volume went to 2.1 million-megawatt hours, representing 110 transactions. In sum, the February power deals were valued at $400, an increase of 328% over November 1999. Since its launch in October 1999, the Net market makers claim that more than 340 traders representing electric utilities, power marketers, municipalities and in-dependent power producers have installed Altrade Power. Another 100 installations are in the works. Daily postings of bids and offers have been as high as 4,500 on busy days.