GlobalView to provide technology to ConfirmHub

Chicago, IL - US-based GlobalView Software Inc., the industry leader in providing fully integrated, Internet based, real-time and historical energy information solutions, announced today that it has been selected as the technology provider to ConfirmHub, LLC, a joint venture among ICAP, Amerex Energy and Prebon Energy. “After an exhaustive search for a partner for this important initiative, we have selected GlobalView Software as the sole technology provider to the hub,” said Chris Edmonds, Senior Vice President of ICAP Energy. .

“GlobalView is pleased to have been selected by this respected group of brokers. This initiative fosters a whole new level of straight through processing, by which participating companies can automate their trade confirmation processes,” said Jon Olson, CEO of GlobalView Software. “This is another example of how GlobalView is leading the charge in the way energy firms profit from information management solutions,” he added.

“As the volume of energy transactions continues to grow, the need for STP of trade confirmations is becoming more and more important. We take great pride in maintaining the confidentiality of our customer deal data. Providing this service to our customers in a secure manner is a vital step for Prebon in the client-vendor relationship,” said Ed Novak, President of Prebon Energy.

The system under development will allow customers a single point of electronic contact to retrieve all information for transactions executed at any of the three companies. The information will be presented on the client’s desktop in a consistent format and with uniform data naming conventions. Customers will also have the ability to connect to the service for integration with their internal systems through a standard Application Program Interface (API) to be provided by ConfirmHub.

“As each of us marketed our own proprietary STP products during the past several years, our customers regularly asked for a single product that would allow them to seamlessly receive trade confirmations from all three brokers. These requests became so compelling that the three of us got together to jointly deliver it. This is a 100% customer-demand driven product that is good for the entire industry,” said Michael Cosgrove, CEO of Amerex Energy.

“It is an encouraging sign for a growing industry when we can come together to offer a service that creates increased data integrity through a reliable delivery vehicle. This implementation of technology has the ability to reduce the time and resources necessary to manage the risk in a company’s portfolio. As a group, we are committed to delivering this information in a timely and cost-efficient manner to our clients,” said Dennis Crum, CEO of ICAP Energy.

About Amerex Energy
Amerex Energy is a leading over-the-counter energy brokerage offering services in electricity, natural gas, crude oil, fuel oil, petroleum products, coal, gas liquids, freight, emission credits and allowances and energy data services. Founded in 1978, Amerex has offices in Houston, New Jersey, London, Monaco, Singapore and Tokyo. Amerex offers liquidity and timely execution to meet the needs of a global client network of more than 1,000 firms including thousands of traders and risk management professionals.

About ICAP Energy
An innovative leader in the energy industry, ICAP Energy LLC offers full service, over-the-counter energy brokerage services providing real-time price discovery and execution. ICAP Energy LLC has offices in Louisville, Chapel Hill, Houston, Jersey City, on the NYMEX floor, Amsterdam and Bergen. Brokerage services include coverage of financial and physical products in natural gas, electricity, coal, weather derivatives, emissions, refined products and other energy related products in seven countries.

About Prebon Energy
As a leading global energy broker, Prebon Energy provides power marketers, utilities, producers, risk managers and institutions with a single comprehensive source for price information and liquidity in a broad and expanding range of energy markets, including natural gas, oil and power. Prebon Energy is part of the Collins Stewart Tullett Group of companies, a leading international financial products, energy and commodities broking group.

About GlobalView Software Inc.
GlobalView Software Inc., based in Chicago, Illinois, with offices in Houston, Connecticut, Washington D.C., London, and Singapore, is leading a transformation in the way the energy market profits from information management solutions. GlobalView’s signature solution, MarketView, allows customers to optimize their use of information and lowers client’s total cost of ownership by aggregating mission-critical information into one consistent framework and then integrating the information into enterprise-wide solutions. For further information on MarketView and other GlobalView solutions please visit www.gvsi.com.

Contact:
Jennifer Weiss
+1 312-628-2900
jennifer.weiss@gvsi.com