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.
Cloud-based software platform —does not require software download.
Free to own - pay when and as you successfully transact.
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COMET provides users with a significant benefits as compared to traditional, outdated modes of managing transactions.
COMET supports bilateral transactions in the following commodities:
Liquified Natural Gas (LNG)
Wholesale Natural Gas
Retail Natural Gas
Natural Gas Transportation
Natural Gas Storage
Natural Gas Park and Loans
Renewable Energy Credits (RECs)
D3, D4, D5, D6, D7 Renewable Identification Numbers (RINs)