Brief: UBS launches online energy trading

Brief: UBS launches online energy trading

UBS Warburg Energy has gone live with its new Internet trading site for North American natural gas and power products.

The trading system - acquired from bankrupt energy trader Enron - provides real-time bid and offer prices for market participants transacting online.

Greg Whalley, managing director and head of UBS Warburg Energy, says: "We are excited to launch and believe that the capabilities of UBS Warburg Energy, backed by the credit rating of UBS will provide a competitive and liquid energy market to our customers."

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