ARCIM Advisors, LLC, Hedge Fund Selects Triple Point Commodity XL(TM) for Trading and Risk Management of Oil, Gas, Power, Metals, and Softs.WESTPORT, Conn. -- Continued Success with Financial Institutions Proves Commodity XL is Most Sophisticated Functional and Technical Solution Triple Point Technology, Inc., the leading global supplier of cross-industry software platforms for the supply, trading, marketing, and movement of commodities, announced today that ARCIM Advisors, LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , a hedge fund hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" based in Greenwich, CT, chose Commodity XL for trading and risk management. Building on the momentum of recent wins at Old Lane, Lehman Brothers Lehman Brothers Holdings Inc. (NYSE: LEH), founded in 1850, is a diversified, global financial services firm. It is a participant in investment banking, equity and fixed income sales, research and trading, investment management, private equity, and private banking. , and other major financial institutions, ARCIM's selection shows Triple Point provides the premier commodity trading solution for financial organizations. ARCIM, which will launch a commodities hedge fund July 1st, was founded by Harry Arora, formerly the energy portfolio manager at Amaranth amaranth (ăm`ərănth') [Gr.,=unfading], common name for the Amaranthaceae (also commonly known as the pigweed family), a family of herbs, trees, and vines of warm regions, especially in the Americas and Africa. , a hedge fund with $8 billion assets under management Assets Under Management (AUM) is a term used by financial services companies in the mutual fund and money management or investment management business to gauge how much money they are managing. . The ARCIM team, with extensive knowledge of commodities software solutions and vendors in the market, chose Triple Point for its outstanding product advantages: support for complex derivative instruments Derivative instruments Contracts such as options and futures whose price is derived from the price of an underlying financial asset. , cross-commodity aggregated risk management, real-time dynamic reporting, and unparalleled scalability. "We required a system that could handle multi-commodity trading, provided real-time analytics and risk reporting to keep us ahead of the market, and could grow with us," said Harry Arora, principal, ARCIM Advisors, LLC. "Triple Point's product is the best--it has a clear edge over other offerings in the market." "As more financial institutions re-enter re·en·ter also re-en·ter v. re·en·tered, re·en·ter·ing, re·en·ters v.tr. 1. To enter or come in to again. 2. To record again on a list or ledger. v.intr. the market for commodities trading, we are pleased to be the solution of choice," said Peter F. Armstrong, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , Triple Point Technology. "From the beginning we've designed our systems for complex trading strategies In finance, a trading strategy (see also trading system) is a predefined set of rules to apply. Usually, this refers to a means used to replicate an option in order to give it an arbitrage free value in the sense that the cost of buying some financial assets to give the same , investing over twenty-five percent of our revenues in R&D to meet the most sophisticated requirements for pricing, risk management, decision support and analysis. In addition, working with these premier clients ensures we will continue to lead for years to come." Triple Point Commodity XL is a true next-generation solution, built specifically from the ground up for high-volume, complex transaction management organizations. It meets all the requirements for trading in today's highly volatile environment: multi-commodity capabilities, real-time integration of physical and financial positions, comprehensive risk management, and scalability. Comprised of a family of commodity-specific products that can be deployed alone or in seamless combination with each other, Commodity XL manages every aspect of global cross-industry supply, trading, marketing, and logistics operations. Triple Point also offers an ASP model appropriate for smaller hedge funds. About Triple Point Technology Inc. Triple Point Technology is the leader in trading, risk management, scheduling and logistics solutions for commodities, including power, oil, gas, coal, metals, agricultural products, and freight. Triple Point Commodity XL profitably integrates physical and financial markets from the front-to-back office for all commodities on a real-time next-generation platform. Triple Point's award-winning solutions are used by more than twenty-five percent of both Global 500 commodity trading companies and Global 500 energy companies. Founded in 1993, and headquartered in Westport, Connecticut Westport is a coastal town in Fairfield County, Connecticut, in the United States. The 2004 population estimate was 26,644. The town is as affluent as other expensive Fairfield County towns, boasting a per capita income of more than $70,000. , USA, Triple Point serves clients from five development and support centers located around the globe. More information is available at www.tpt.com. |
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