The trading of physical commodities is composed of multiple
enterprises representing buyers, sellers, brokers, and those
providing services to the community. In addition to this diverse
set of organizations, any organization could at any one time be
either a buyer or a seller for any transaction. Added to this
complexity is fact that every transaction (information exchanged)
is composed of a series of events over time with each event having
a different price, quantity, and even delivery destination. It is
understandable that this market was served by phone and paper
negotiations until an EdgeNode solution was developed.
FireStar Software developed a strategic partnership with
PrivateMarkets, Inc. PrivateMarkets has developed a “software as a
service” business for trading commodity products with FireStar’s
EdgeNode. EdgeNode provided PrivateMarkets the ability to create
an Information Exchange for trading commodity products in a time
frame and at a cost dramatically different than other available
approaches.
PrivateMarkets is trading electricity in the United States with
their bilateral trading platform today. For more information about
PrivateMarkets and their bilateral trading platform built on
EdgeNode, please go to
www.PrivateMarkets.com.
