News
OpenLink Signs PanCanadian Petroleum as Newest Endur™ User
Leading Fully-Integrated Functionality Will Support Gas & Power Trading & Risk Management
Houston, TX - March 20, 2001 - PRNewswire - OpenLink, an industry leader in energy and financial trading and risk management software solutions, today announced that PanCanadian Petroleum Limited has licensed OpenLink's Endur™ 5.0 - the leading front-through-back-office solution for energy trading, risk management and operational requirements - for natural gas and power trading and risk management support in both the energy and financial markets.
"Endur gives us the ability to define our trading system the way we see our business," said David Hsu, PanCanadian's Director, Risk Systems. "We can configure Endur to operate with our proprietary view of the energy markets while preserving a rigorous risk management structure. In addition, we gain the flexibility to support business requirement changes and new market expansions."
OpenLink's Endur helps manage energy trading functions and operational risk, channeling information into a steady stream for precise decision-making, with real-time accuracy, configurability, flexibility, and scalability. Besides addressing the challenges of changing core energy markets, Endur easily provides trading and risk management support for a wide range of markets, such as coal, soft commodities, metals, currency, interest rates, emissions, weather derivatives and bandwidth.
"The functionality and configurability capabilities of our system were clearly the key factors in PanCanadian's decision to select Endur," said Adam Walsh, OpenLink Energy managing director. "No system on the market today can do what Endur can. Endur enables PanCanadian to enter new markets, quickly adapt to changing marketplace conditions, and go wherever it wants to in the future."
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.
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