HOUSTON, Texas, Sept. 25, 2001 — TradeSpark, L.P. today announced that it has resumed normal electronic trading of all energy commodities. The resumption in electronic trading comes less than two weeks after the devastating World Trade Center tragedy.
For the past week the company offered voice-assisted brokerage of energy products. TradeSpark will continue to offer voice-assisted brokerage services to enhance its electronic marketplace.
“Our ability to bring critical systems back online within two weeks of the terrible events of September 11 demonstrates the resolve of the people behind TradeSpark and the strength of the technology powered by eSpeed,” said Mike Williams, managing director of TradeSpark, L.P. “Our ability to perform is what our customers have come to expect from the TradeSpark family.”
TradeSpark appreciates the support it has received from its energy trading participants and through their ongoing commitment will continue to expand its electronic marketplace.
Contributions to support the families of TradeSpark, eSpeed and Cantor Fitzgerald affected by the tragedy may be made to the Cantor Fitzgerald Relief Fund, 101 Park Avenue, 45th Floor, New York, NY 10178-0060. Donations can also be made by calling 800/446-0500 or by going online at www.cantorrelief.org.
About TradeSpark, L.P.
TradeSpark, L.P. is a unique partnership formed by: eSpeed, Inc. (Nasdaq:ESPD – news), a interactive electronic marketplace engine for business-to-business (B2B) e-commerce, Cantor Fitzgerald, one of the world’s voice brokerages and five of the largest US energy producers/distributors.
The TradeSpark energy partners are: Coral Energy, Dominion (NYSE:D – news), Koch Energy Trading, Inc., TXU Energy Trading, a subsidiary of TXU (NYSE:TXU – news), and Williams Energy Marketing and Trading Company, a subsidiary of Williams (NYSE:WMB – news). Active TradeSpark marketplace participants include other major energy companies and including: Dynegy Inc. (NYSE:DYN – news) and Entergy (NYSE:ETR – news).