Company Background – TruMarx Data Partners, Inc.
TruMarx Data Partners, Inc., is a privately held company which commenced operations in the fall of 2007 with a highly experienced team of energy and technology experts designed to address the challenges facing energy market participants engaged in OTC transactions. The company solicited input from the OTC energy transaction 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 bi-lateral energy transactions. COMET subscribers range from producer/suppliers of energy, to banks, marketers, local distribution companies, independent power producers, investor-owned utilities, municipal utilities, energy service providers and consumer industrials.
COMET: Powered by TruMarx
TruMarx Data Partners, Inc., is the pioneer and operator of an innovative over-the-counter (OTC) transactional platform. COMET – Community Of Energy Transactors – equips qualified OTC energy participants with electronic tools which support efficient negotiation and execution of highly customized, non-standard bi-lateral transactions. The COMET platform and model delivers efficiencies for market participants by leveraging state-of-the-art network effects and technology. The platform provides functionality for broader pre- and post- trade price transparency and generates a detailed audit trail for the entire negotiation process.