Inter-RTO Trading Automation Solution leads to Patent Application
Open Access Technology International, Inc. (http://www.oati.com/) (OATI) announces the successful patent application for the technology underlying OATI webAgent's Inter-RTO power trading capabilities.
Minneapolis, MN (PRWEB) February 27, 2009 -- Open Access Technology International, Inc. (www.oati.com) (OATI) announces the successful patent application for the technology underlying OATI webAgent's Inter-RTO power trading capabilities. The webAgent suite of products enables OATI customers to instantly identify trading opportunities between the North American ISOs and RTOs. Using the Patent Pending technology, the OATI webAgent solution completely automates the inter-market transactions in order to capture these opportunities in real-time. OATI webAgent is fully integrated with webTrader, OATI's front-to-back Energy Trading and Risk Management (ETRM) System.
"To date, truly successful implementations of inter-market trading strategies have remained elusive due to the daunting complexity and ever-present risk associated with these types of transactions," said Salah Khuhro, OATI's Regional Sales Manager. "The sheer number of interrelated steps combined with the marked differences in rules between each market, requires entities to commit significant time and money while achieving sub-optimal results. Working with a variety of OATI customers including Investment Banks, Hedge Funds and Power Marketers, we have developed a solution that completely alters the landscape and takes our customers to the next level in Power Trading."
OATI (www.oati.com) is the pioneer of Software as a Service (SaaS) based, Energy Trading and Risk Management (ETRM), Transmission Scheduling, Congestion Management, Settlement and Compliance systems for the electric and gas industry. OATI webTrader, webTrans, and webTag product lines provide the tools for generation, trading, and transmission companies for seamless participation across energy markets and multiple commodities. OATI was formed in 1995 and has experienced steady growth to the present and is the leading SaaS Provider in the North American energy industry. OATI serves in excess of 650 client companies in the electricity and gas industries in North America. OATI is headquartered in Minneapolis, Minnesota.
For additional information regarding this news release please contact sales(at)oati(dot)net.
For more information contact:
Jerry Dempsey, Vice President
Open Access Technology International, Inc.
763.201.2000
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Contact Information Jerry Dempsey
Open Access Technology International
http://www.oati.com
763-201-2000
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