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OpenLink Ranks #1 as the Market Leader of Trading and Risk Management Systems
End users and Trading Houses rank OpenLink #1 in Energy Risk Magazine’s Software Rankings 2007
NEW YORK , NY, March 12, 2007 /Business Wire/ — OpenLink, a leading provider of cross asset trading, risk management and operations processing software solutions – announced today that in the recent Energy Risk Magazine (www.energyrisk.com) 2007 Software Rankings report they received a 1st place ranking when respondents were asked which company they see as the ‘market leader of energy trading and risk management systems’. Additionally, OpenLink was ranked 1st in 8 out of the 12 categories as well as finishing as one of the top three vendors in all remaining categories.
The Energy Risk survey looks at software experiences based on the functionality, usability, performance, return on investment, and reliability of their products and services. Over a two-month period, Energy Risk conducted an extensive online poll of energy companies and banks and asked respondents, in order of preference, who their top risk management software vendor and top software package was. Every response was checked and verified. There were more than ten positions in most categories. Energy Risk, an Incisive Media publication, has published only the top three for each in the March 2007 report.
OpenLink received first-place in the Risk Management categories of Market Risk and Modelling, and, in the Trading category, the company ranked first place in Trade Execution, Risk Metrics and Ease of Use. In the Customer Services category, OpenLink ranked first-place in Best Software Support and also in Best Knowledge of the Market in which Software Operates. OpenLink took second-place in Trade Capture in the Trading category, and, in the Front to Back Processes category rankings included first-place for Integrated Trading and Risk, second-place for Deal Capture and Trade Confirmation. OpenLink achieved third-place rankings for Credit Risk in the Risk Management category, for Modelling in the Trading category, and for Straight-Through-Processing (STP) in the Front to Back Processes category.
“The decision by all respondents represents their tremendous belief in OpenLink and our Endur product and, once again, affirms OpenLink’s position as today’s leading provider of software solutions in the commodity space,” said Coleman Fung, OpenLink’s founder and CEO. “This annual recognition proves our dedication to producing value-added software and that client-service is our first priority.”
About OpenLink
Founded in 1992, OpenLink is a leading developer of cross asset trading, risk management, and operations processing software solutions. The company's Next Generation eXtensible (NGX 2.0) platform supports the most rigorous business requirements of firms trading in virtually all asset classes including crude products, natural gas, electricity, interest rate derivatives, fixed income securities, foreign exchange, money markets, metals, soft, and other commodities. OpenLink's global client base includes 70+ clients such as Austin Energy, HESS Corporation, Banco Central de Costa Rica, Banco de Mexico, Bank of America, Bank for International Settlements, Bank of Canada, HBOS Treasury Services, Bridgeline Holdings, Calyon, Coral Energy, Citigroup Global Market, Inc., Deutsche Bank, Enbridge, Energy Transfer Partners, Nexen, Shell, Statoil and Vattenfall Europe Trading. Headquartered in Long Island, New York, and with offices in London, Houston, New York City, Berlin, Vienna, Sydney, and São Paulo, OpenLink employs 480 professionals worldwide.
Editorial Contact:
Marketing and Communications
Open Link Financial, Inc.
Phone: +1 516 833 4509