Bangalore, 12 October 2009 

Eka, a leading provider of multi-commodity trade and risk management software, announces the release of its product for managing metal concentrates and ferro alloys. 

Highly flexible in its design and functionality, the solution greatly helps towards better administration of concentrate and ferro alloy contracts, from trade capture, pricing, shipment, inventory, assaying and umpiring, valuations, price risk and position management through to settlements and invoicing. The new functionality is aimed to provide various metal industry participants, including mines, smelters, marketers, traders and processors, with a complete, modern and end-to-end solution for their business including handling of raw material. The fully integrated solution includes Eka’s core functionality for physical trading, derivatives, risk, position, P&L, logistics, inventory, tolling, finance, reporting and business intelligence.

According to Manav Garg, Eka’s CEO & Founder, “We saw a huge gap in the market. Existing solutions come nowhere close to the real need of clients – a high degree of solution flexibility, modern scalable technologies, and complete integration with core risk management, logistics and trading operations. Our offering addresses all these needs and more. The solution is based on in-depth research and involved active participation from actual users. The LME week is the perfect opportunity for us to make such a major announcement, and we look forward to showcasing the product to our customers in the months to come”.

Key features of the solution include:

• Contract management: Capture of important terms including counterparty details, product composition, pricing rules, penalties & payables, TC/RC, splitting limits, umpire rules, payment and delivery conditions, etc

• Assaying: Recording multiple assays (default, shipment, buyer, seller, umpire, etc), application of splitting limits and umpire rules.

Ends --

www.ekaplus.com