How TransAlta Integrated ICE Changes with Value Creed’s Agile CTRM Expertise

Performance Challenge

TransAlta owns, operates and develops a diverse fleet of electrical power generation assets in Canada, the United States, and Australia, providing municipalities and businesses with clean, affordable, reliable power. When ICE announced new changes to its Trade Capture API, the company needed to move quickly to update their processes, while ensuring existing workflows and customer service remained intact.

 

ICE trade deadline met with zero disruptions in service

Gained control over trade data with full transparency

Uncovered additional operational efficiencies within weeks

Freed technical staff to focus on business growth, instead of daily troubleshooting

Modern CTRM Solutions

  • TransAlta’s custom workflows in their commodity trading system made any upgrade a cumbersome process. Yet ICE’s announcement of changes to the Trade Capture API necessitated rapid change.
  • To maintain and improve their trade data automation throughout this shift, TransAlta turned to third-party support. They identified three main target goals:
      • Get 24/7 monitoring for their trading systems.
      • Meet the deadline for technical changes.
      • Gain time to evaluate the best options for their business
  • TransAlta was already successfully relying on BroadPeak’s K3 solution for compliance-related exchange data feeds. Value Creed’s existing relationship with Broadpeak meant both companies could successfully leverage increased efficiencies in day-to-day operational support.
  • With excellent support from TransAlta’s IT team and leadership, K3 and Value Creed were able to implement vital changes and meet the ICE deadline with zero business disruptions. What’s more, TransAlta met all three of its target goals, allowing the IT team to focus on what it does best.

Value Creed Services Mobilized:

Run Smart™ Expertise on Demand

An experienced team and sophisticated technology combine to deliver feature-rich functionality and operability. You pay only for the services you need when you need them, such as when ICE upgrades require our expertise.

Key Outcomes

TransAlta’s existing partnership with K3 for compliance-related trade data feeds meant they could leverage their relationship for the necessary ICE update. Value Creed’s team of experts worked with K3 to ensure TransAlta’s goals and expectations were met.  In a few weeks, the ICE trade feeds were defined, mapped, tested, and upgraded in time for the deadline delivering feeds were running seamlessly in time for the ICE API update deadline.

100% ICE Compliance

TransAlta met ICE changes by the deadline and without disruption, over a rapid implementation period.

Improved Productivity

Updating trade feeds and outdated workflows alleviated repetitive tasks and sped up data flow.
Capacity

More Capacity

TransAlta’s decision to leverage Value Creed’s Managed Services enabled in-house staff to address new initiatives.

Recommended Resources

Leverage The Power Of CTRM Expertise On Demand

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