HOUSTON, Texas, June 21, 2002 — TradeSpark, L.P., an electronic energy trading marketplace, announced recently that it has officially relocated its headquarters to Houston, Texas, from New York City.
After losing 38 of its 41 New York-based employees on September 11, 2001, TradeSpark is centralizing its operations in Houston, re-establishing a strong foundation for rebuilding and continued growth.
“We are committed to providing the energy industry with a comprehensive marketplace that brings together multiple buyers and sellers anonymously,” said Harry Fry, president of TradeSpark. “Our platform is the solution of choice for many companies because it provides an efficient, reliable trading environment with all of the tools necessary to quickly and effectively complete transactions.”
TradeSpark’s state-of-the-art trading floor and unparalleled technology will enable the company to continue its expansion in the energy markets, providing extremely efficient execution of electronic or voice assisted transactions. With the new infrastructure, TradeSpark is positioned to add to its existing seasoned team of professionals while continuing to deliver the service that customers value in the current challenging energy marketplace.
“We realize that efficiency is the key to expanding the energy market, and TradeSpark’s real-time platform and liquidity provide the transparency necessary for long-term market participation,” said Robert Hayes, chief operating officer of TradeSpark. “This relocation strengthens our resolve to rebuild this company and establish TradeSpark as an industry leader.”
TradeSpark is a fully electronic marketplace that provides an end-to-end trading system with unrivaled speed of trade execution. It can process up to 150 transactions per second, per instrument, with a 300-millisecond execution time. The fully customizable system displays all prices anonymously to market participants for complete price transparency. TradeSpark offers customers three points of access: a highly secure, dedicated private network with guaranteed response times, TradeSpark’s experienced voice-brokers and the Internet.
TradeSpark’s new offices are located at:
1301 Fannin, Suite 2300
Houston, Texas 77002
About TradeSpark, L.P.
TradeSpark, L.P. is a fully electronic neutral marketplace trading a full spectrum of physical and financial energy products. TradeSpark is a unique partnership formed by: eSpeed Inc., an interactive electronic marketplace engine for business-to-business (B2B) e-commerce; Cantor Fitzgerald, a voice brokerages; and six of the largest U.S. energy producers/distributors, including: Coral Energy, Dominion; Dynegy Inc.; Entergy-Koch Trading, L.P.; TXU Energy Trading, a subsidiary of TXU; and Williams Energy Marketing and Trading Co., a subsidiary of Williams.