News
OpenLink Winner: Award for Excellence in CTRM Software, 2010 Best Vendor, and Best Knowledge in Market
Designated as having a unique and substantial impact on commodity market trading, efficiency, and effectiveness – in the quality of trade execution, risk management and reporting.
New York, New York - December 2, 2010. OpenLink Financial LLC (OpenLink), a leading provider of cross-asset trading, risk management and operations processing software solutions, announces today that they have been honored in the just published Commodity Business Awards as follows:
- Excellence in CTRM Software
- 2010 Best Vendor
- Best Knowledge in Market
The award was granted to the Commodity Trading & Risk Management (CTRM) specialist that has made a unique and substantial impact on commodity market trading efficiency and effectiveness – in the quality of trade execution, risk management and reporting. With pioneering solutions for grid, pipeline and bulk scheduling, as well as extensive capability to model risk simulations for physical scenarios using energy scenario management, OpenLink's strategic goal has always been to provide businesses with leading edge CTRM tools."
"OpenLink continues to be a leading innovator in the way commodity business is conducted, making a positive contribution to the development of this industry," says Guy Isherwood, Awards Patron and Publisher/Editor of Commodities Now magazine. Mr. Isherwood added, "The Commodity Business Awards' panel and industry voters, acknowledge that trading, investing, and managing assets and liabilities in today's complex commodity sectors requires sophisticated, robust, adaptable and scalable technology, and OpenLink is the standout winner for 2010."
Recently noted in a Commodities Now announcement, "OpenLink's solutions provide support for operations from 'source to sink' for numerous commodity categories including coal, crude oil, refined products, gas, NGL, LNG, emissions and power. With the addition of dbc's SMARTsoft to its product portfolio, (following the acquisition earlier this year) comprehensive support for agriculture and soft commodities is now possible. OpenLink also offers integrated optimization support through IRM's iOPT for analysis and decision-making support. [IRM is an OpenLink company focused on structured procurement management, optimization, and investment analysis and planning]."
Kevin Hesselbirg, OpenLink's CEO stated, "Over the last year, we have consistently seen commodity and energy trading become much more complicated and subject to increased risk and new variables. Our clients need to evaluate and monitor such additional variables as price differentials between the open market and stored commodities, physical constraints, inventory balances, and transportation options quickly and accurately. The evolution of the commodities market will continue to make trading more complex – requiring technology to supports real-time decisions and newly introduced variability. We appreciate that our growth strategy, which focuses on continued investments into multiple markets and geographies, is valued and yields an advantage to our clients."
About OpenLink
Founded in 1992, OpenLink is a provider of cross-asset trading, risk management, related operations processing and portfolio management software solutions for the commodity, energy and financial services markets globally.
OpenLink's client base of more than 350 customers worldwide includes 12 of the top 25 largest commodity and energy companies by market capitalization, eight of the largest financial institutions and 11 of the largest central banks, as well as major hedge funds, commodities companies and public utilities.
Headquartered on Long Island, New York and with offices in New York City, Houston, London, Berlin, Vienna, São Paulo, Sydney, Singapore, Moscow and Toronto, OpenLink has more than 1000 employees worldwide.
Press Contacts:
Ishviene Arora
Cognito
Phone: +1 646 395 6316
olf@cognitomedia.com
Marketing and Communications
OpenLink
Phone: +1 516 833 4509
