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OpenLink Energy Scenario Management Survey reveals that over 88% of respondents believe their firms require an Energy Scenario Management Analysis solution for Front and Middle Offices.
New York - August 10, 2010 - OpenLink Financial, LLC (OpenLink), a leading provider of Energy, Commodities, Trading, and Risk Management (ETRM/CTRM) solutions, which support the entire transaction lifecycle, today released the survey results of senior Energy and Commodities industry professionals focused on Energy Scenario Management Analysis. The survey observed the relative importance of optimizing data, risk and compliance as well as the issues faced by these professionals in a continuously evolving global industry.
A majority of respondents indicated that an Energy Scenario Management Analysis solution is required for the market/business activities in Gas, Power and Crude portfolios, with a substantial 76% answering all of the above to this question.
"The data reflects the growing awareness of challenges facing energy and commodities professionals in their evolving market, and a desire to incorporate integrated optimization with their traditional ETRM solution or 'Smart ETRM'. A Smart ETRM solution gives multiple perspectives of varying data elements impacting an entity's portfolio such as production, demand forecasts, logistics, and transportation options. Such a configuration of data provides traders and risk managers with important what if and stress test information providing a robust view of their actual risk position (and the alternatives) in real-time about the impact of their trading decisions. This additional decision support facility is now highly critical," said Dr. Wolfgang Ferse, EVP, Energy and Commodities Solutions, OpenLink.
When asked what areas of Energy Scenario Management/Analysis the professional traders and risk managers were most interested in learning about, their top five results were as follows:
- 31% want to learn about Optimization Models
- 18% are interested in Analytical Methods (Results, Modification Targets)
- 12% are interested in Time Series Management/Physical Scenario Creation, Active Decision Support
- 11% are interested in IT Support/Integration Aspects
- 9% are interested in Back Testing/Performance Analysis
"The data mirrors studies CommodityPoint conducted in 2009 and 2010 which show that commodities markets are increasingly becoming global across all commodities and all types of trading entities are being affected," said Patrick Reames, Managing Director of CommodityPoint, a division of UtiliPoint International, Inc. "Today's market participants require ETRM/CTRM solutions that can capture all facets of their transaction lifecycle, not only trading and risk data, but also the appropriate modeling of assets, for optimal decision support."
The survey was conducted in relation to an OpenLink sponsored webinar entitled: Integrated Energy Scenario Management for Optimal Decision Support. Participants included energy professionals in trading and supply organizations exploring the impact of portfolio flexibility to understand support solutions. Integrated Energy Scenario Management for Optimal Decision Support revealed opportunities to improve profitability with a similar risk profile through better decision making. Dr. Wolfgang Ferse presented as part of a panel of industry experts, including Energy Risk Magazine's Patrick Blum and CommodityPoints's Patrick Reames.
To learn more about OpenLink's solutions for ETRM/CTRM or to read a recently published article by Dr. Ferse, "Energy Scenario Management," which discusses how traditional ETRM/CTRM systems are no longer sufficient if energy sector participants want to effectively assess, manage and simulate risk across the entire business, please Energy Scenario Management - click here.
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.
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