STAMFORD, Conn.--(BUSINESS WIRE)--Skystream Markets Inc., a provider of institutional transaction platforms for renewable energy markets, today announced the launch of RECstream, an OTC transaction platform designed to provide institutional investors with the most efficient, highest-quality access to the REC market.
“It not only provides price information, but also gives me an ability to trade on those prices without moving the market.”
RECstream is designed to address core market issues by creating executable market prices with known depth and transparency. This level of verifiable price information is unparalleled in the market and is the key to accurately valuing positions and portfolios.
“RECstream is an innovative and important platform for trading RECs,” said Dan Heim, the head of REC trading at Exelon / Constellation. “It not only provides price information, but also gives me an ability to trade on those prices without moving the market.”
RECstream creates opportunities for traders to transact on a regular and confidential basis, an important improvement to the trading channels of the REC market. RECstream is structured to ensure that transaction volumes do not impact market prices.
“RECstream has gained significant traction with trading desks in the REC market,” said Naeem Hukkawala, co-founder of Skystream Markets. “We are pleased to report that the largest market makers are driving the advancement of REC trading infrastructure.”
Skystream Markets is an institutional transaction platform for the renewable energy and environmental markets. By utilizing a hybrid approach that combines technology and traditional brokerage services, Skystream creates price discovery, concentrates liquidity, and improves trade execution quality. A technology leader in the field, Skystream’s proprietary trading systems have been developed and launched in close consultation with major institutional market participants, including renewable power producers, utilities, energy trading companies, and investment banks.
“Skystream is continually using direct feedback from traders to improve its technology and processes to deliver tangible value, and we are adopting a responsive development schedule to improve RECstream’s capabilities,” said Kapil Mohindra, co-founder of Skystream Markets. “We look forward to adding additional value and trading tools for REC market participants.”
RECstream is operational across the REC markets in PJM, NEPOOL, and ERCOT. For more information on the RECstream please visit: www.skystreammarkets.com
About Skystream Markets:
Skystream Markets operates institutional transaction platforms for the renewable energy and other environmental markets. Specifically, Skystream Markets focuses on the mandatory Renewable Energy Certificate (“REC”) markets in the United States. The trading system is a pure-agency model that seeks to add value through technology at each stage of the trade cycle. Working directly with power producers and major trading counterparties, the company has built specific market mechanisms that are lacking in both the primary and secondary markets. The customer base is a combination of industrial and financial participants. Skystream Markets also provides project finance advisory and market research services.