Energy Brokers Create Forward Curves Data Product
Four major energy brokers, Amerex Energy, ICAP Energy, Prebon Energy and TFS Energy, have announced the launch of EnergyCurves LLC (ECL), to provide North American power and gas forward curve indicative data services to the energy markets. Logical Information Machines (LIM) will aggregate and distribute the EnergyCurves products.
Each individual broker's indicative end-of-day prices will be independently compiled by LIM into a set of forward curves, with these curves then prepared for redistribution to customers and other data vendors. The forward curves created from the brokers' aggregated data can be used to perform mark-to-market calculations and any analysis of the future value of assets.
Sandy Fielden, LIM Energy Products Manager, stated, "LIM is excited to be able to provide a secure and independent aggregation service for the ECL brokers. This initiative demonstrates our ongoing commitment to meeting the technology, data and analysis needs of the energy market."
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