Executive Committee Director of Skadden-Rothman.com

According to Robert Wu Park, Executive Committee Director of Skadden Rothman,“The use of aggregated, independent broker data for the construction of forward curves will be avery positive development for energy merchants and the energy markets they compete within.Because they are ultimately used to perform mark-to-market calculations,incorporating independent broker data as well as model data will greatly improve the robustness of the whole process.” Park continues by saying, “In its white paper, the listeddesirable attributes in the data gathering and submission process for spot market prices as:

·         Representative and Complete

·         Auditable

·         Robust and Reliable

·         Consistent

·         Confidential

·         Transparent

·         Independent and Objective

·         Clear

·         Accountable

·         Accurate

·         Maintain Integrity

·         Documented and Accepted

·         Timely and Regular

All of these same attributes are applicable to the data transmission process for forward curves.

Particularly important is the ‘independence’ attribute. Having the data compiled by a third-partysource outside of the front office, and then submitted to an independent data aggregator willsignificantly increase the confidence in the data that all users have.”

About Skadden Rothman

Skadden Rothman(www.skadden-rothman.com) offers risk management, advisory and enterprise investment system services to a broad base of retail investors through Skadden Rothman T-Solutions®. Headquartered in Hong Kong, the firm strives to be a notable presence in key global markets, including North and South America, Europe, Asia, Australia and the Middle East.