Open Access Technology International, Inc. (OATI) is pleased to announce the successful deployment of the OATI webTrader and webAgent (US and International Patents Pending) Energy Trading and Risk Management (ETRM) Solution for Lighthouse Energy Trading Company Inc. (Lighthouse). The OATI Solution is utilized by Lighthouse to manage all aspects of their power trading operations in a range of physical and financial energy markets, including the Midwest ISO, PJM, NYISO, ISONE, and the IESO markets.
Mr. Ibrahim Mqasqas, CEO of Lighthouse, states, “The use of OATI products has been instrumental throughout our organization. OATI’s cutting edge software has allowed our traders to augment their ability to capture more trading opportunities than before, our settlement staff to more accurately reconcile and settle the increased trading activity in less time, and our management team to better understand how the trading operations impact the bottom line. Prior to implementing OATI’s products, this type of increased market penetration would not have been possible. OATI provides us with a fast, reliable solution bundled with unwavering customer service, allowing our staff to focus on their core competencies.”
In addition to using webTrader to manage trading opportunities in each market, Lighthouse uses webAgent to capitalize on price differences between the markets. “Prior to webAgent, even the most sophisticated trading entities would often forego inter-market trading opportunities due to the sheer number of interrelated steps and the propensity to make costly mistakes when executing such transactions” states Salah Khuhro, Director of Sales at OATI.
About Lighthouse Energy Trading Company Inc.
Lighthouse Energy Trading Company Inc. (www.lhenergy.com) is a Proprietary Trading Entity that transacts over 1 Billion Dollars annually in various physical and financial energy markets, including the Midwest ISO, PJM, NYISO, ISO-NE, IESO and various Bilateral Power Markets. This successful trading organization has recently relocated to Minneapolis, Minnesota providing the corporate infrastructure for expansion of staff and trading operations.
For more information please contact sales@oati.net.