OM offers market participants - including large loads, generators, retailers, Municipal Owned Utilities (MUNI), and Investor Owned Utilities (IOU) - and central marketplaces - such as Independent System Operators (ISOs), Regional Transmission Organizations (RTOs), and Independent Transmission Providers (ITPs) - comprehensive and versatile settlement and scheduling management systems that are able to quickly respond to market demands.
"The North American energy market is currently in a state of flux," said Chris Crosby, senior vice president, Energy Markets, Americas, OM. "OM has 17 years of global experience aiding the evolution of energy, commodity and financial markets. OM believes the international market knowledge we've gained will help ease the North American energy market evolution from its current state to the Federal Energy Regulatory Committee's (FERC) Standard Market Design (SMD)."
OM owns and operates energy exchanges in Calgary and London as well as securities exchanges in Stockholm and London. OM also develops, delivers and operates systems solutions for companies in the world's energy and financial markets.
"As an owner and operator of exchanges, OM brings an unparalleled understanding of markets - thus the system requirements of the market operators and participants - to the table," said Crosby. "Markets are always changing; the North American market place is no different. That's why our solutions are 'built-for-change' - to keep pace with the shifting market rules leading up to SMD, and in the future as SMD evolves."
2/OM Brings Wholesale Energy Market Solutions to North America
OM systems are designed so non-programmers, such as business analysts, can incorporate new market rules and tariffs. Integrated configuration tools enable implementation of new calculation rules, charge-sharing rules, and import sources without the need to change the core system code. These tools minimize potentially high costs and accelerate the time to market for implementing changes.
OM has North American offices in New York, Pasadena, Toronto and Calgary.
OM is a world-leading provider of transaction technology to the energy, commodity and financial services markets. An expert in market development, OM is both a systems solutions developer and an exchange owner and operator. The experience of running the daily operations of exchanges gives OM a unique market perspective.
In business since 1985, OM is an industry innovator that developed the first day ahead electricity spot exchange and the first commodities future exchange. Today, more than 24 exchanges worldwide use OM technology to power their marketplaces, including energy marketplaces such as the UK Power Exchange (UKPX), the Natural Gas Exchange (NGX), and the Korean Power Exchange (KPX), among others. Through its Global Services business area, OM offers full outsourcing of services and systems. OM has offices in 10 countries and is listed on Stockholmsbörsen. OM Energy Markets can be reached at www.om.com/energy/northamerica.
