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Online trading moves forward

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Despite a major industry shake-out, the future looks promising for online energy trading, although the online exchange model may need some tweaking. Of dozens of electronic energy exchanges in the US just two years ago, only a handful are still in business. The void has left traders scrambling for price quotes and creditworthy counterparties. Amid the mayhem, however, several major trends have unfolded.

One is that multilateral exchanges have faired better than market-making

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