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E-mailWestprot, CT, 15 August 2011
Triple Point Technology, a leading global provider of software to manage commodities and enterprise risk, announced today that Triple Point's Commodity XL™ platform is the solution-of-choice for the world's largest and most advanced energy and commodity trading companies.
In the last ten years, there has been a dramatic upturn in the trading of commodity futures, options, and other derivatives. Organizations exposed to the commodities markets are in a challenging space, facing calls for increased regulation, risk controls, environmental standards, and concerns over the debt crisis in the European Union. Managing commodities and risk in a proactive, informed manner is more crucial than ever to success.
In a recent article, Reuters ranked the world's top independent oil and commodity traders, identifying Vitol Group, Glencore International AG, Cargill Inc., Koch Industries, Trafigura, and Gunvor International as the largest. Four of the top six organizations recognized rely on Triple Point's commodity management software to effectively manage commodities and enterprise risk.
Commodity XL is the most advanced and complete solution for commodity trading houses, providing a real-time, enterprise view of position, supply chain, and risk. The enterprise, multi-commodity platform delivers superior business intelligence for proactive decision-making and competitive advantage. Commodity XL integrates physical and financial trading, provides sensitivity analysis, enables "what-if" scenarios, and improves business process efficiency across front, middle, and back offices.
"Our mission from day one has been to provide the most advanced systems, tools, and models to help clients profitably trade, transport, and store commodities, as well as manage the associated risks," said Michael Schwartz, chief marketing officer, Triple Point. "Seeing the top commodity traders in the world benefit from our products reaffirms Triple Point's position as the leader in energy and commodity management software."
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