Excelergy Corporation has teamed up with Algorithmics to provide advanced trading and risk management to energy traders and generators.
Excelergy will integrate its energy trading product, which provides straight-through processing of trading, scheduling and settlement business processes, with Algorithmics' Algo Energy, which delivers physical and financial risk management from modeling market, credit and liquidity risk to generating forecasts, analysis, decision support and reporting.
Bill Mahoney, Excelergy's president and chief executive officer, says: "Together, our products will provide an unprecedented enterprise view of risk, encompassing not only market and counterparty volatility, but also visibility into physical assets and retail portfolios."