True Quote and Cap Gemini Ernst & Young have announced a joint marketing alliance to deliver integrated services and web-based solutions for trading platforms.
The two companies will license truequote.com’s advanced trading platform to the global marketplace under the name of TQ Trade Solutions.
“This alliance will expedite the deployment of integrated solutions beyond the box, allowing us to provide powerful and cost-effective products,” said True Quote president Dennis Crum.
The truequote.com system helps transform the traditional supply chain into a trading community. By integrating truequote.com into their risk management, operating and accounting systems, many of truequote.com’s customers can reduce their costs, and view and execute decisions on real-time information.
CGE&Y currently showcases a truequote.com-produced workshop for the energy industry in its Magellan Energy Trading Center in Houston and in Dallas, Texas.
“As energy trading operations increasingly look to the connected economy, our relationship with truequote.com allows us to help our customers to exploit opportunities,” said John Devlin, vice president in charge of the North American utilities practice.
CGE&Y offers management and IT consulting services, systems integration, and technology development, design and outsourcing capabilities on a global scale to help leverage technology in the new economy. The organization employs more than 56,000 people worldwide.
True Quote develops independent electronic energy trading platforms and portals. The truequote.com application architecture is devoted to an open-access, broker-assisted model that allows equal access to all market participants.
PG&E National Energy Group, APB, CGE&Y, EnFORM and Microsoft are the principal companies developing truequote.com.