Quicktrade

Streamline for Power Goes Live

A week after rival QuickTrade launched its new electronic powertrading system, Altra Energy Technologies followed suit withStreamlineT for Power, a real-time trading system for wholesaleelectricity. The two systems arrived on the market during atumultuous period, in which skyrocketing power prices forcedseveral marketers to default and many others to suffer bigfinancial losses. Altra said its system should provide users acertain amount of protection in the unpredictable and oftenvolatile power market.

July 15, 1998