Oz's Exco Energy Readies Launch Of Internet Electricity Trading Service
ENERGY TRADING
Sydney-based Exco Energy is looking to facilitate price discovery and trading in Australia's nascent electricity derivatives markets by wedding its in-house broking system, the Internet push technology of CSK Software's Slingshot, and the good, old-fashioned practice of haggling over prices and consummating trades over the phone.
Exco Energy, a unit of the UK-based Exco interdealer brokerage group, recently received approval from the Australian Securities Commission (ASC) to offer an Internet
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