OpenLink

RWE Trading Americas Goes Live with OpenLink's Endur™

HOUSTON, TX, May 14, 2002 /PRNewswire/ — OpenLink, an industry leader in energy and financial trading and risk management software solutions, has implemented Endur™ at RWE Trading Americas to capture and manage their physical and financial trading transactions for power and natural gas. Phase two of RWE Trading Americas' implementation will include crude oil and coal.

Germany-based RWE Trading GmbH, the parent company of RWE Trading Americas, has been an OpenLink Endur client since 1999. RWE Trading Americas started trading from its Houston-based trading floor on March 8, 2002.

"Based on RWE Trading's experience with OpenLink in Europe, we were confident that Endur could meet our specific needs here," said Jesco von Kistowski, RWE Trading Americas' COO and managing director. "Endur delivers a single multi-commodity trading solution with full front-office functionality, the most robust analytical risk and VaR tools in the market, and complete back-office integration. Plus, OpenLink was able to meet our aggressive implementation schedule, which was imperative to get us up and running quickly in North America."  

Endur is built upon OpenLink's ADI (Adaptive, Dynamic and Integration) Framework, delivering a seamless cross-market, multi-instrument solution that supports the requirements and best practices of traders, risk managers, operations professionals and technologists. This ADI Framework allows Endur to support the most rigorous risk management requirements of firms trading within the energy, metals and soft commodities markets as well as within interest rate derivatives, fixed income securities, foreign exchange and money markets.

"We are pleased that RWE Trading had the confidence in OpenLink to extend our contract to its new trading operation in the U.S.," said OpenLink founder and CEO Coleman Fung. "OpenLink has streamlined the implementation process to meet the most aggressive installation schedules, just as we have designed Endur to manage the most demanding trading environments. Our robust ADI trading and risk management solutions are becoming a competitive advantage for our clients as various energy and financial markets continue to converge."

About OpenLink

Founded in 1992, OpenLink has emerged as a leading solution provider of energy and financial trading and risk management systems with broad market functionality. The company's global client base includes Bank for International Settlements, Bank of Canada, Credit Local de France, Deutsche Bank, Duke Energy, Dynegy, Hamburgische Electricitats-Werke, EnCana, Equiva Services LLC, ExxonMobil Gas, Halifax PLC, Manulife Financial, Mirant, Nexen, Shell Trading and WestLB. Headquartered in Long Island, New York, OpenLink employs more than 300 professionals worldwide and has offices in New York, London, Berlin and Houston.

Editorial Contact:

e-mail: Dorianne Landolphi
OpenLink
Marketing Communications Manager
Direct phone: +1 516 394 1115
Fax number: +1 516 394 1197