Risk.net

Altrade: desperately seeking a suitor

-jpg

Houston-based Altra Energy Technologies is a shadow of its former self. Gone are the once highly regarded software assets, sold to Caminus Corp for $65 million last October. And now Altrade, also known as Altra Market Place, the company’s electronic trading platform, is on the block to the highest bidder – provided there is a bidder.When Caminus bought the Altra software, it also took the Altra name, so it’s not clear what to call the old Altra online platform, which once traded multiple ene