SOURCE: Parity Energy

Parity Energy

June 09, 2009 09:17 ET

Parity Energy Is Awarded Best Newcomer by Energy Risk for 2009

NEW YORK, NY--(Marketwire - June 9, 2009) - Parity Energy has been named the top Newcomer in Energy Risk's 2009 Award Rankings thanks to its online marketplace for energy derivatives -- Parity Energy Platform. Parity Energy has formerly been ranked by Energy Risk as one of the top brokers in energy options.

Energy Risk assesses all energy service providers based on the novelty, applicability and market impact of the tools they provide to a broad range of energy trading participants. Energy Risk's annual awards are influenced both by its editors and professionals throughout the industry. This year, the magazine received over 200 submissions for its awards.

Since January 2008, Parity Energy has operated the Parity Energy Platform so that clients can obtain price discovery and directly execute energy derivatives orders. Clients can either enter a request for quote or react to constantly streaming quotes. Both approaches provide unsurpassed convenience and result in competitive and firm markets. Clients need only a couple of clicks to trade. No subsequent phone call or instant message is required. As a consequence, clients enjoy superior price execution.

Stella Farrington, senior editor of Energy Risk magazine, said, "In a very short space of time Parity Energy has made a big impression in the natural gas and oil options markets. The Energy Risk judging panel was particularly impressed with the Parity Energy Platform (PEP) launched in January 2008 which brought electronic OTC trading to the option community pretty much for the first time."

Charles Reyl, CEO of Parity Energy, said, "We are grateful to Energy Risk for recognizing Parity Energy's fast-growing impact on the option trading community. Parity Energy helps energy producers, consumers, banks and hedge funds gain access to the deep liquidity of the OTC markets, exercise robust control of their orders and implement straight-through processing. Our customers find that PEP greatly improves and simplifies their trading process."

About Parity Energy

Parity Energy owns and operates the Parity Energy Platform, an electronic marketplace integrated with its highly-rated voice brokerage for OTC energy derivatives. Parity Energy is the fastest-growing liquidity source to more than 100 leading institutions across a number of energy markets.

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