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news » press releases » march 2, 2006
NYMEX selects BITHGROUP Technologies to implement Wireless LAN (WLAN) infrastructure
March 2, 2006   Send to a Friend
New York City, N.Y.—The New York Mercantile Exchange, Inc. (NYMEX), Board of Directors accepts BITHGROUP Technologies bid to implement Wireless LAN (WLAN) infrastructure to support side by side open outcry and electronic trading of its benchmark, physically settled energy futures contracts. Electronic trading during open outcry hours is expected to launch during the second quarter of 2006.

BITHGROUP Technologies will provide the Architecture, Installation and Configuration of the Wireless LAN (WLAN) and Wireless Intrusion Protection (WIP) infrastructure for NYMEX. The company is responsible for the complete cycle from Design & Engineering Integration to Construction, Maintenance & Support.

In regards to this technology, NYMEX President James E. Newsome said, “Last year, NYMEX committed to aggressive investments in technology with the intention of expanding its successful existing product lines. With the volume records we have seen on the NYMEX ClearPort® system, particularly in the NYMEX miNY® futures contracts, we believe that electronic trading of our full-sized, floor-traded contracts will be the perfect complement to our robust and liquid open outcry markets. We are confident that this will benefit not only our customers but also the entire energy marketplace.”

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About BITHGROUP Technologies
BITHGROUP is a certified Minority Business Enterprise (MBE) with the State of Maryland and a graduate of the SBA 8(a) program.   For over 15 years, BITHGROUP has been providing premiere information technology and engineering solutions across the United States, but more specifically in the mid-Atlantic region.  With a range of expertise evidenced by sound academic, professional, and technical experience, the BITHGROUP’s core services include IT project management, energy management, systems design & support, information technology consulting, management consulting, software implementation and development, and wireless engineering and security. For more information, call 410-962-1188.

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