MAKING ENERGY-TRADING WORK

This is some “insider trading” stuff, something not so sexy as solar panel spreads or big strong windmills, but just as necessary for a New Energy boom.

Five questions with Patrick McKinnon; One energy-trading language is goal
Tom Fowler, April 10, 2007(Houston Chronicle)

WHO
Patrick McKinnon, executive director of ConfirmHub

WHAT
ConfirmHub seeks to standardize the confirmation step in energy deals industry-wide. Confirmation is the legal certification of the deal terms, a type of “receipt.” ConfirmHub is a kind of electronic confirmation protocol.

WHEN
Bulk of liquidity flowing in the next year.

WHERE
Offices: downtown Houston.

WHY
The industry needs a standard. The money comes from the participating members: Amerex, ICAP and Prebon. Letters of intent: TFS Energy and Spectron Energy.

QUOTES
"The basic services of ConfirmHub are and will remain free, but there will be some things you can do for a small fee. The availability of the confirmation system is there for the taking. Our schema is going to be in the public domain."