Background

Company Background

TruMarx commenced operations in fall of 2007 with a highly experienced team of energy and technology experts to address the challenges facing energy market participants engaged in OTC transactions. The company solicited input from the OTC energy transactional community, and responded with COMET, a system designed to automate the negotiation and execution of off-exchange bi-lateral transactions.

COMET was launched in 2009 to address the operational complexities and inefficiencies of bilateral energy transactions. COMET subscribers range from producer/suppliers, banks, marketers, local distribution companies, independent power producers, investor-owned utilities, municipal utilities, energy service providers and consumer industrials.

TruMarx Data Partners is headquartered in Chicago, with a regional office in Northern VA.

COMET: Powered by TruMarx

TruMarx is the operator of a pioneering over-the-counter (OTC) transactional platform. Our technology platform, COMET – Community of Energy Transactors – equips qualified OTC energy participants with electronic tools that support efficient negotiation and execution of highly customized, nonstandard bilateral transactions. Our platform and model deliver efficiencies for market participants by leveraging network effects and technology. The platform provides functionality for broader pre- and post-trade price transparency and generates a detailed audit trail of the entire negotiation process.