Troms Kraft Marked AS Selects Updata’s Energy Data Feed to extend the data analysis capabilities of Updata Professional

3 March 2011

Updata Limited, a leading provider of technical analysis and trading solutions, today announced that Troms Kraft Marked AS, a Norwegian Energy Group has become the first user of the Updata Professional Energy Data Feed. The Energy Data Feed provides real-time and historical data access to: ICE Futures for Brent Oil, Nat Gas and ECX Emissions; Nymex for WTI Crude Oil and Henry Hub Gas; NordPool, Exchange and OTC; N2EX Power Futures; FX; Metals; and, Dow Jones Energy News. The feed supports Daily, Intraday and Tick charts, Forward Curves and can be run concurrently with internal data and external data feeds, allowing Europe’s leading energy trading firms to comprehensively analyse the markets via Updata Professional.

Troms Kraft AS is headquartered in Tromso, Norway and is one of the nation’s largest network owners and a major power producer. Troms Kraft is also heavily involved in the development and sale of renewable energy. Troms Kraft was established in 1898 and employs about 450 people in Norway, Sweden and Finland. The company owns 12 power plants and co-owns a further 4, with an annual production of 1.9 TWh.

Tommy Strand Larsen, Energy Trader at Troms Kraft Marked said, “We recently deployed Updata’s Energy Data Feed for NordPool, ICE Futures, FX and Dow Jones Energy News. It provides us with real-time access to not only Nordic data but Oil and FX which is integrated directly with Updata Professional for seamless technical analysis of all our required markets. It helps us identify and execute trading opportunities quickly based on full market data.”

Nathan Amery, Sales Director – EMEA at Updata commented, “We’ve seen a strong demand from our clients both in Europe and the US for a single point of access to data across a variety of energy markets alongside a dependable FX source and Energy news. Our recent strategic alliances have enabled us to develop a low latency feed which is fully integrated into the Updata Professional front end with minimal deployment time. We are pleased to work with Troms in delivering the feed and assisting in improving efficiency in their data management and analysis.”

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