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Barclays Capital Goes Live With OpenLink's Endur™ For UK Power Trading

LONDON, September 17, 2002 /PRNewswire/ — OpenLink, an industry leader in trading, risk management and operations software solutions, today announced that Barclays Capital, the investment banking division of Barclays Bank PLC, began trading UK Power this week using the Endur™ system to capture and manage its transactions.

This represents the completion of the first phase of a much broader project under way in the Commodities Group at Barclays Capital, which will see the implementation of Endur to support UK Gas and European Power and Gas trading in the near future.

Endur delivers seamless cross-market functionality that supports trading, risk and operations management across power, natural gas, NGLs, crude, metals, interest rate and foreign exchange.

Barclays Capital implemented Endur in 1997, initially to support its metals and financial energy trading activity. Earlier this year, the Commodities Group put in to place a team for power and gas trading.

Jean-Claude Riss, managing director of OpenLink International, said: "We are delighted that Barclays Capital has extended its implementation of Endur. The robust trading and risk management capabilities within Endur provide users with a real edge in a highly competitive market and Barclays Capital's continuing extension of Endur across its Commodities operation is further endorsement of the product's strengths and its value to the business."

About OpenLink

OpenLink is a leading provider of financial trading and risk management software solutions. The company's Adaptive, Dynamic, and Integration-enabling (ADI) Framework-based solutions support the most rigorous risk management requirements of firms trading in interest rate derivatives, fixed income securities, foreign exchange, money markets, energy, metals and soft commodities. OpenLink's global client base includes Bank for International Settlements, Bank of Canada, Deutsche Bank, Duke, EnCana, Equiva Services LLC, Mobil UK, Mirant, Nexen, Shell Trading, Vattenfall Europe Trading GmbH, Westdeutsche Landesbank (West LB) and Zurich Capital Markets. Headquartered on Long Island, NY, OpenLink employs more than 280 professionals worldwide at offices in London, Houston, New York City, and Berlin.

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