News
OpenLink Launches ORIEN E-commerce Technology
Dynegy Goes Live With ORIEN to Support Its Web-based Initiatives
HOUSTON, TX, May 8, 2001 /PRNewswire/ — OpenLink, an industry leader in energy and financial trading and risk management software solutions, today announced that Dynegy Inc. (NYSE:DYN) has licensed OpenLink's new ORIEN technology. Through ORIEN, Dynegy has implemented a seamless link between its Dynegydirect online trading system and the company's internal trading and risk management system, OpenLink's Endur™. The result is a real-time deal entry environment for online transactions that delivers a complete up-to-the-moment picture of Dynegy's position and exposure through a tight integration with Endur.
ORIEN is an XML-based server technology, designed to provide the most flexible development environment with a robust and seamless integration component to OpenLink's Endur™/Findur™ the leading front-through-back-office solutions for energy and financial trading, risk management and operational requirements. With ORIEN, OpenLink clients can now fully leverage any Web-based technology using Endur's/Findur's core functionality for e-commerce initiatives. For example, OpenLink clients can develop custom arbitrage facilities from real-time interfaces with key electronic exchanges, create specialized thin-client deal-entry screens for specific needs, or extend extranet capabilities to better serve their customers. ORIEN is built upon open and proven technology standards like XML, Java and TIBCO technology to provide the flexibility, scalability and reliability demanded by today's Web-based applications.
"ORIEN continues to advance OpenLink's leadership position in trading and risk management technologies with its e-commerce capabilities," said Coleman Fung, OpenLink Founder and CEO. "Through ORIEN, our proven trading, risk management and operations solution can be seamlessly extended to the Web or incorporated in an existing Web-based initiative, allowing our clients the freedom and flexibility to develop and execute their strategic e-commerce visions. The result is a leading-edge platform that adds depth to e-trading operations."
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, Credit Local de France, Deutsche Bank, Duke Energy, Dynegy Inc., Hamburgische Electricitats-Werke, Energie Baden-Württemberg AG, Equiva Services LLC, ExxonMobil Gas, Gaz de France, Halifax PLC, Manulife Financial, Nexen, PanCanadian Petroleum, RWE Trading GmbH, and Shell Trading. Headquartered in Long Island, New York, OpenLink employs more than 230 professionals worldwide and has offices in New York, London and Houston.
Marketing and Communications
OpenLink
Phone: +1 516 833 4509
