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."
©Copyright 2000 Intelligence Press, Inc. All rights
reserved. The preceding news report may not be republished or
redistributed in whole or in part without prior written consent of
Intelligence Press, Inc.