California ISO gets tough on generators with new software

Cal ISO, which operates the state’s power markets and controls the power grid, yesterday said it has overhauled its electricity market systems by installing Real-time Market Application (RTMA) software from global power and automation technology company ABB.

RTMA makes major changes to the ISO’s real-time automated dispatch and settlements systems, says ABB. The new system went live on October 1.

The implementation has made the operation of the power system in California more reliable, efficient

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Stemming the tide of rising FX settlement risk

As the trading of emerging markets currencies gathers pace and broader uncertainty sweeps across financial markets, CLS is exploring alternative services designed to mitigate settlement risk for the FX market

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