|
Comments
Did you read today's front page stories & breaking news?
SYS-CON.TV
|
Sysadmin OATI Midwest ISO Market Twice-the-Success
OATI Midwest ISO Market Twice-the-Success
By: PR Newswire
Apr. 1, 2005 05:38 PM
MINNEAPOLIS, April 1 /PRNewswire/ -- Open Access Technology International, Inc. (OATI) has successfully launched its Midwest Independent System Operator (Midwest ISO) market participant software solutions on behalf of nearly 30 Midwest ISO Market participants today with the initiation of the new Midwest ISO Markets. OATI, an application service provider (ASP) and software product developer, provides an integrated, energy market enabling suite of software for energy traders, power system operators, and energy transaction schedulers. The OATI webTrader(SM), webRTO(SM), webGen(SM), and webSettlement(SM) software applications comprise a complete marketplace portal for participants in the Midwest energy marketplace. Secondly, OATI is a supplier of critical market software for the Midwest ISO operator itself by providing the transaction scheduling software component for one of the world's largest energy marketplaces. Together, these two e-commerce systems will enable the Midwest ISO participants to manage the electrical energy marketplace demands for their millions of customers. OATI webTrader(SM) provides the software foundation to connect energy deal capture and trading activity with central market operator portals, such as that provided by the Midwest ISO. It also provides a foundation to receive market clearing settlement information to analyze invoice and settlement statements utilizing the OATI webSettlement(SM) shadow settlement software system. Each of the OATI software solutions build upon the familiar concepts of the OATI Internet-based services utilized by approximately 95% of the wholesale electrical energy market participants in North America. Secure access to OATI service products is provided with OATI webCARES(SM) digital certificates. OATI certificates ensure that the data being transferred is securely encrypted and safe during transport over the public Internet. Dr. Sasan Mokhtari, OATI president, stated, "OATI is very excited to provide such critical software services that are the key business components to many successful energy organizations in the Midwest region. By choosing OATI, the Midwest ISO and Midwest ISO Market participants will be able to focus on delivering energy, and OATI will focus on delivering reliable, complex software services." OATI, a Minneapolis, Minnesota based company, is a leading provider of transaction management systems to the energy industry. OATI software solutions are in use throughout North America by nearly every wholesale electrical energy provider and are used extensively to manage the procurement of natural gas fuel supplies. For additional information concerning marketplace solutions, contact OATI at 763-201-2000 or on the Web at http://www.oatiinc.com/ . Open Access Technology International, Inc.
Reader Feedback: Page 1 of 1
SOA World Latest Stories
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
|
SYS-CON Featured Whitepapers
Most Read This Week |
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||