OpenLink receives Oracle Excellence Award for Innovative and Sophisticated use of Technology
Key benefits to users are near real-time position views of OTC Derivatives for optimal transparency.
New York, New York - March 29, 2011 OpenLink Financial LLC (OpenLink), a leading provider of cross-asset trading, risk management and operations processing software solutions, announces today that it has received an Oracle Excellence Award. OpenLink was recognized for their innovative and sophisticated use of Oracle Coherence and received an Oracle Fusion Middleware Innovation Award at Oracle OpenWorld in September 2010.
Oracle Coherence underpins OpenLink's Active Data Services product (ADS), which maintains risk, credit and physical position data used by OpenLink clients for customizable position views throughout their trading days. ADS provides an open, fault-tolerant, scalable architecture exposing the rich analytics available within OpenLink's core trading and risk management suite to near real-time client applications including OpenLink's Active Position Manager (APM).
Jim Leeds, IT Director and Product Manager of the ADS product line for OpenLink commented, "Oracle Coherence provides a robust underlying engine for ADS, delivering the right combination of performance, event-driven architecture and extensibility. APM with ADS builds upon Coherence offering a sophisticated position management capability that is flexible enough to meet our customer's demanding trading and risk management needs."
"Oracle Coherence has a long history of providing customers with fast, reliable access to critical enterprise data combined with predictable scalability and continuous availability. We are pleased that OpenLink, is leveraging Oracle Coherence as part of their innovative, ADS product to help their clients achieve flexible, extensible and dynamic views of their data deployed in near real-time," said Cameron Purdy, Vice President of Development, Oracle.
Mike Gallagher, CTO of OpenLink stated, "As the markets become more competitive, intense, and complex, firms have increased needs for transparency, and heightened requirements for enterprise-shared data. Our clients appreciate the ability to make critical decisions in near real-time with the latest technology, tailored to the markets they trade, across various asset classes and geographies."
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.