SoftSmiths
Expands SoftSmiths Exchange Suite with Negotiated
Market
Houston, TX. – May 9, 2006 – SoftSmiths, Inc., a leading
energy software solutions and services company, today
announced the general availability of SoftSmiths
Exchange Negotiated Market, an application that will
provide decision support, performs checks during
negotiation, and assists in optimal deal making.
SoftSmiths Exchange is a next generation suite of
electronic trading system (ETS) applications for energy
commodities, targeted at companies that operate
exchanges, brokerage firms, financial institutions with
private trading networks, as well as energy buyers such
as public utilities and large industrials. SoftSmiths
Exchange meets the demand of traders to have the ability
to buy and sell on computer screens.
With the Negotiated Market application,
SoftSmiths Exchange brings a solution to the energy
commodity market that supports electronic negotiation
and accommodates a situation when two orders do not
match exactly, and help the buyer and seller to get
close enough to make a transaction possible. The
platform allows traders to customize their deals by
bundling additional services, options, and information
into each deal.
With this addition, SoftSmiths Exchange now
includes Negotiated Market and Action Market, an
electronic, interactive marketplace that enables buyers
and sellers to expose orders to bidders who compete
anonymously. The combined solution delivers additional
methods to the buy-side and sell-side traders to tap
into the growth opportunity in the energy market, and to
enterprises a cost-efficient platform to favorably
impact their bottom-line”.
"Nathan Sheik, CEO of SoftSmiths, stated, “With
SoftSmiths Exchange we provide the market makers a
state-of-the-art integrated platform to facilitate
transactions in the most cost-effective way”.
About SoftSmiths
SoftSmiths, Inc. delivers critical electronic
energy trading and operations solutions and services
that enable energy industry participants to enhance
profitability and reliability in the competitive
marketplace. SoftSmiths' proven solutions and in-depth
knowledge of the industry's business practices allow its
customers to automate manual processes, eliminate
redundancies, and increase business visibility across
the enterprise to allow faster decision making and more
informed decisions, thereby improving profitability,
operational efficiencies and cash flow. The company has
been successfully delivering e-business solutions to
energy service companies since 1997.
SoftSmiths is a registered trademark of SoftSmiths,
Inc.
Contact Information:
SoftSmiths Inc.
Hugo Stappers
Phone: 713.626.9184
Fax: 713.626.0186
Email: mkt@softsmiths.com
Website: www.softsmiths.com
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