Financial Engineering Associates, Inc. (FEA), a leading developer of derivative pricing and risk management technologies for the energy and power industries, announces that TXU Energy Trading Ltd., a division of TXU (NYSE:TXU), has acquired a worldwide license to the FEA @ENERGY software suite.
FEA's @ENERGY software gives utilities, traders and marketers of energy-related assets advanced tools to price intricate energy and power transactions; to engineer protective hedging strategies; and to manage the risks inherent in complex energy and power portfolios.
Laurent Birade, FEA’s head of sales, commented, "We are very pleased to accommodate TXU Energy Trading with an efficient licensing scheme that allows the company to easily and rapidly distribute its FEA technology across global operations." With the purchase, TXU Energy Trading gains unlimited-user licenses to the Excel add-in versions of FEA’s @ENERGY suite, as well as on-going access to FEA support and education resources.
With comprehensive energy market modeling and derivative product valuation, the @ENERGY analytics are the most advanced tools available for managing, marketing and trading energy-related assets. More than 200 of the world’s leading energy firms use FEA software technologies in their trading and risk management operations.
"TXU Energy Trading sought to standardize pricing tools across the enterprise. Because FEA was able to supply an energy focused product which could be integrated with our existing systems a worldwide license provided the best solution," said TXU Europe vice president, Graham Southall.
Dallas-based TXU is a multinational leader in electric and natural gas services, merchant trading, energy marketing, telecommunications and other energy-related services. More information about TXU may be obtained at http://www.txu.com.
@ENERGY is a suite of Excel add-ins while the companion product to @ENERGY, ErglibÔ, is an object library permitting maximum flexibility for customization and integration. Erglib and other FEA products are also licensed through the FEA Alliance Partners program as embedded components of customized trading and risk management solutions. Some U.S.-listed companies who are FEA Alliance Partners include Alstom Esca (NYSE:ALS), Caminus (Nasdaq:CAMZ) and PeopleSoft (Nasdaq:PSFT), along with two dozen other well-known companies.