COMET is:

  • An innovative, on-demand software platform for facilitating the negotiation and execution of bilateral OTC transactions.

  • A sophisticated yet easy-to-use tool for subscribers to publish, negotiate and finalize highly customized transactions thus adding strength to customers’ protocols.

  • An unregulated Electronic Communications Network (ECN) which offers secure, permission-based access to the system.

 
Energy trading screen showing LNG transaction
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COMET transaction flow for an LNG trade, showing request for price, negotiation and execution.

COMET facilitates the one-to-many Request-For-Price (RFP) process. It respects time-honored bilateral methods—including the value of existing relationships, customized transactions, control over the exposure of a transaction, ability to negotiate, and confidentiality. Final execution of transactions occurs pursuant to underlying master agreements between parties.

Specific features include:

  • Electronic and confidential posting of a requirement (buy, sell, RFP, etc.)

  • Publishing of that requirement to any and all pre-screened members of the COMET community via a one-to-many RFP process.

  • Negotiate the terms of a transaction through confidential one-to-one negotiations.

  • Execute or withdraw any proposed transaction.

  • Receive an automated transaction confirmation.

  • Comprehensive transaction audit logs to help meet a variety of compliance and regulatory standards.

  • Enforces best price methodologies

 
COMET, cloud-based energy trading platform for 16 asset classes, including complex LNG trades, powered by AWS
 

Benefits

COMET provides users with significant benefits when compared to traditional, outdated modes of managing transactions.

COMET WEB ticklist.png
 
 

Supported Commodities

COMET supports bilateral transactions in the following 17 commodities:

Global

  • Certified Gas

  • Liquified Natural Gas (LNG)

North America

  • Wholesale Natural Gas

  • Retail Natural Gas

  • Natural Gas Transportation

  • Natural Gas Storage

  • Natural Gas Park and Loans

  • Wholesale Power

  • Retail Power

  • Heat Rates

  • Biodiesel

  • Renewable Energy Credits (RECs)

  • D3, D4, D5, D6, D7 Renewable Identification Numbers (RINs)