NRG Energy Replaces Trading Floor with BT Turrets

BT, one of the world’s leading providers of converged trading communications, today announced that Princeton-based NRG Energy (NYSE: NRG) has selected BT to replace its existing trading platform. Recently voted Best Turret Provider in the marketplace, BT continues to execute on its strategy of delivering an unsurpassed product portfolio to the trading room.

As a part of the agreement, BT will provide NRG’s trading room with its state of the art front end turrets, ITS.Netrix, supported by BT’s fully monitored ITS platform. The deployment also includes IP connectivity from NRG’s Houston branch office to the company’s main site in Princeton NJ.

“BT brings a wealth of experience and capability to the trading room,” said Kevin Howell Executive Vice President of Commercial Operations at NRG Energy. “Their turret systems technology and stability, coupled with their leading customer service and support, was a key factor in our selection process.”

Phil Mottram, Managing Director, Trading Systems, BT Global Financial Services said: “At BT, our strategy is to free the trading environment from the constraints of outdated technology. We aim to deliver new network-based solutions that allow customers to operate more flexibly and reliably in response to market conditions. The energy markets are no exception and we look forward to deploying our latest turret technology in NRG’s trading rooms.”

BT launched its latest generation turrets, ITS.Netrix, in 2004 and has approximately 21,000 units deployed across the globe.