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Altrade Exchange Breaks Personal Best

Altrade Exchange Breaks Personal Best

As Altrade Power nears its one-year birthday, its operator Altra released some of the transaction statistics of the independent online energy trading exchange. August saw personal bests being broken by the online trading platform in power, natural gas liquids, and natural gas, the company said.

Altrade Power did 18.9 million MWh for the month of August, rising above its previous record of 14.8 million MWh set back in February. Power also enjoyed a 25% increase in users since the beginning of this year, the company said.

Altrade NGL/Crude also experienced a record-setting August. On Aug. 16, natural gas liquids did 2.6 million b/d setting a daily best, with a record-setting 140 transactions. The day helped make August the highest NGL volume month with 27.9 million bbl traded.

Natural gas is also putting up top rate numbers. Altrade Gas has seen volumes rise by more than 200% since this time last year. Altra said second quarter 2000 financial gas volumes were over triple the volume traded for the first quarter of 2000.

"Our numbers indicate that we will significantly surpass our figures from last year, which is exciting news for our company and for the entire industry," said Paul Bourke, Altra's CEO. "The number of trades transacted on our systems this year is 42% higher than this time last year."

Alex Steis

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