SUGAR LAND, TX--(Marketwired - Mar 25, 2014) - Researched by Industrial Info Resources (Sugar Land, Texas) -- IIR Energy and Updata (London, England) are introducing a new set of analytic tools specific to IIR Energy's data that provides energy traders with superior market intelligence that leads to better trading decisions. The collaborative effort blends the strengths of Updata, a market leader in analytics for energy analysts and traders, and IIR Energy, a leader in supply-side market intelligence and plant outage tracking.
An increasing number of energy trading firms use Updata to view IIR Energy statistics stored in their own in-house databases. Now firms can take advantage of Updata feed handlers written direct to IIR Energy's databases. The collaboration has produced a new set of analytical tools specific to IIR Energy data. And the parties intend to further develop these tools in conjunction with end users.
Commenting on the collaboration, David Linton, Updata CEO, said: "IIR Energy is clearly expert in gathering and maintaining their unique supply-side market intelligence in the energy industry. We are excited to maximize the true value of this data with the best analytical tools available. This gives energy trading firms a much better capability and the extra edge they need for an advantage in the market."
"Plant outages -- planned and unplanned -- are a key variable to determining profitability in energy trading," added Paul Copello, president of IIR Energy. "The combination of Updata's tools and IIR Energy's market data will give users better, faster decision-making intelligence, with more standardization and reliability."
In the latest version of Updata, released last week, users can now:
- Chart and analyze IIR Energy data, including planned and unplanned outages
- Produce stacked charts showing breakdowns of production data by state, region and fuel type
- View and rank tabulated data of all generation facilities with the ability to drill, including full details for each plant
For further information about the product, or to schedule an online demonstration, please contact:
For Europe and Asia markets:
+44 7973 228 154
For New York market:
For Houston market:
Updata was founded more than 20 years ago with the aim of delivering the best technical analysis software running on as many data sources as possible -- hence 'Up data.' The company's headquarters are in London, with additional U.S. offices in New York and Houston, with Singapore opening shortly. Updata's software is used by professional traders and analysts in more than 50 countries.
Industrial Info Resources (IIR), with global headquarters in Sugar Land, Texas, three offices in North America and 10 international offices, is the leading provider of global market intelligence specializing in the industrial process, heavy manufacturing and energy markets. Industrial Info's quality-assurance philosophy, the Living Forward Reporting Principle™, provides up-to-the-minute intelligence on what's happening now, while constantly keeping track of future opportunities. To contact an office in your area, visit the www.industrialinfo.com "Contact Us" page.