Initiatives

Since our formation in 2006, LEAP has developed and managed numerous initiatives to support automation throughout the energy trading value chain.  Initiatives can be suggested by any member of LEAP.  Our Board of Directors approves the allocation of time and resources necessary to support those Initiatives.

Most Initiatives are supported by Committees made up of individuals from LEAP member firms who participate in setting direction and providing the necessary insight, feedback, and volunteer manpower to allow the Initiatives to fulfill their stated purposes.  ‘Fulfillment’ might be in the form of a new set of standards or a master agreement.  It might also take the form of an automated process.

In general, Initiatives fall into two main categories:

In some cases, LEAP will take a Point of View without implementing an Initiative. In other cases, Initiatives have become “dormant” or put on hold as might be the case when industry momentum was lacking.