The mission of LEAP is to promote efficient and reliable transaction processing within the energy trading industry by means of automation and standardization. In connection therewith, LEAP may do the following:

• pursue the automation of data processed between trading counterparties and companies that provide ancillary inspection, storage, pipeline movement, and related services,
• promote simplifying business standards and practices,
• develop and promote the use of non-proprietary electronic data standards, conventions and dictionaries, favoring industry standards over proprietary ones,
• retain control wherever possible over such intellectual property, while making freely available to industry participants by means of licensing for use in accordance with the principles of these bylaws,
• encourage cooperation among the energy trading parties and other industry participants/associations towards achieving our mission,
• encourage broad based participation in LEAP, and
• provide equal access to the standards for all members.

Membership in LEAP is open on a nondiscriminatory basis to energy trading entities
(defined as crude oil, petroleum products, ethanol and possible power and gas).
All members must be legal entities, not natural persons.