News
OpenLink's pMotion Now Includes Interface to The Structure Group's nMarket
Resulting ISO and RTO Communication Enhances Power Scheduling Product
MITCHELL FIELD, NY, May 13, 2003 /PRNewswire/ — OpenLink, an industry leader in energy and financial trading and risk management software solutions, today announced that it has completed its codevelopment project with The Structure Group, creating a seamless link between its recently released pMotion power scheduling product and The Structure Group's nMarket business solution for market operator communication within the North American power markets.
The added flexibility of this embedded functionality allows information on transactions that are scheduled within pMotion to be automatically passed to the appropriate nMarket module, and from there to be routed to the proper Independent System Operator (ISO) or Regional Transmission Organization (RTO). Supporting data transfer with the California, ERCOT, New England, New York, PJM, and Ontario markets, OpenLink's pMotion enables clients to leverage nMarket to further automate repetitive, high-volume, and high-frequency business processes.
"nMarket offers automated and secure communication links that address the unique requirements of the ISO or RTO markets," said Michael Peterson, principal of The Structure Group. "Our differentiator is that we keep these communication links in lock-step with changes as these markets evolve. Combining this with the strength of OpenLink's transaction management capability, we can now offer our existing and prospective clients the most compelling reasons to upgrade their legacy mixture of scheduling tools to pMotion with embedded nMarket support."
A recent addition to OpenLink's product portfolio, pMotion assists Endur users in targeting and eliminating the logistic inefficiencies faced by a range of energy market participants, from utilities, transmission providers, load-serving entities (LSEs), local distribution companies (LDCs), wholesalers, and asset-based marketers to various financial institutions engaged in energy trading and delivery. pMotion's core services include rule-based bookout facilities, advanced delivery management capabilities, integrated trading and scheduling position management, dynamic invoice generation and tracking, flexible netting facilities, streamlined accounting reconciliation, embedded nMarket interfaces, and a range of other unparalleled services. Coupling pMotion with Endur, OpenLink now offers the first complete and most advanced straight-through-processing transaction management solution for the energy markets.
"This embedded nMarket link eliminates a host of interface-related challenges for our clients and furthers pMotion's mission of purging logistic inefficiencies," said Coleman Fung, OpenLink's founder and CEO. "We share with The Structure Group a common business philosophy of adding value by eliminating inefficiencies, and our existing and prospective customers are the true beneficiaries of these synergies."
About OpenLink
Founded in 1992, OpenLink is a leading provider of trading, risk management, and operations software solutions. The company's Adaptive, Dynamic, and Integration-enabling (ADI) Framework-based solutions support the most rigorous business requirements of firms trading in energy, interest rate derivatives, fixed income securities, foreign exchange, money markets, metals, and soft commodities. OpenLink's global client base includes Banco de Mexico, Bank of America, Bank for International Settlements, Bank of Canada, Bank of Scotland Treasury PLC, Bridgeline Holdings, Deutsche Bank, Edison International, Enbridge, Mirant, Nexen, Shell, and Vattenfall Europe Trading. Headquartered in Long Island, New York, and with offices in London, Houston, New York City, Berlin, Sydney, São Paulo, and Tokyo, OpenLink employs more than 270 professionals worldwide.
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