SoftSmiths
Exchange Suite
Exchanges,
brokers, market makers and energy utilities realize that
today’s more challenging trading environment requires
new technology that will help them operate their
business more effectively and efficiently.
SoftSmiths
Exchange Suite is a next-generation platform of
electronic trading 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.
It is the platform to offer standardized trading while
also allowing traders to customize their deals by
bundling additional services, options, and information
into each deal.
SoftSmiths
Exchange Suite provides three distinct applications for:
·
Auction Market
·
Negotiated Market
·
Automated best Bid/Offer Market Matching
The
Exchange Suite additionally provides risk measurement
and decision support applications assisting in optimal
deal making.
Building
on a Service Oriented Architecture (SOA), SoftSmiths
Exchange Suite comes with native support for web
services and XML to facilitate quick integration with
other applications, while providing the scalability and
flexibility to enable fast response to changes.
SoftSmiths offers its Exchange Suite products as
turnkey, private label and customized solutions, or on
an ASP basis.
Auction
Market
SoftSmiths
Exchange Auction Market is an electronic, real-time,
interactive marketplace for auction-based transaction
processing, enabling buyers and sellers to post
customized auctions to ‘bidders’ who compete
anonymously.
Auction
Market allows industry participants, broker-dealers and
their customers to request bids by listing specified
energy positions, for sale or purchase, in defined
energy products (NG, Power, Coal, Oil, etc.). Bids are
placed in the auction book providing full anonymity and
transparency to market participants, until final auction
time and award. The auction engine uses interactive
matching, providing buyers and sellers real-time price
information. The Auction Market application delivers
proven efficiencies of electronic market places, thereby
opening up trading opportunities, reducing cost, and
increasing volumes and trading profits.
Auction
Market supports transactions for Power, Gas, Coal and
Oil.
Benefits:
·
Exchanges/Brokers:
o
Enhance
competitive position with cost-effective electronic
trading
o Expand
services with customized-product offering for virtually
any tradable commodity
o Reduce
time-to-market to leverage energy market
opportunities
o
Provide
market transparency
o
Eliminate
middleman manual trading and trade recording processes
·
Public
Energy Utilities & Large Industrials:
o Create
extremely competitive bidding
environment
o
Obtain
complete discretion over award decisions
o
Streamline
procurement process
o
Measurable
administrative saving
o
Eliminate
middleman manual trading and trade recording processes
Negotiated
Market
SoftSmiths
Exchange Negotiated Market provides an interactive
electronic negotiation process that 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.
Negotiated
Market allows traders to interactively negotiate deals
in a fully anonymous market. Traders wishing to buy or
sell will submit positions, inviting pre-selected
counterparties to respond. Invited counterparties then
have the opportunity to either accept the positions
outright, or to enter interactive, real-time
negotiations to establish the deal.
Bid/Offer
Matching Market
Market
Matching is a non-discretionary real-time market that
matches buy and sell positions using standard packages.
If there is a matching buy position at the time a sell
position is placed, the buy and sell positions are
matched and vice versa. Buy and sell positions can also
be split across multiple matches.
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