Biggest and Best Energy Traders Use Triple Point's TEMPEST 2000; Recent Rankings List Triple Point Customers as Best And Highest Volume Traders in Energy Trading Markets.WESTPORT, Conn.--(BUSINESS WIRE)--April 6, 1999--Triple Point Technology (www.tpt.com), the leading global supplier of commodities trading software, systems and services, today announced that five of its customers were listed as the "biggest" and "best" in the energy trading market, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. recent surveys done by Applied Trading Systems, Inc. and Energy & Power Risk Management. Glencore, Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. , Koch Industries Koch Industries, Inc. (pronounced "koke") is a private corporation based in Wichita, Kansas. According to Forbes Magazine, it is the largest privately owned company in the world by revenue (surpassing Cargill in 2005 with the acquisition of Georgia-Pacific), with subsidiaries , Petronas and Societe Generale - all of whom utilize Triple Point's flagship TEMPEST 2000(TM) product - were recognized. TEMPEST 2000 is an integrated front-to-back office trading system for the physical and derivative energy commodity markets. Morgan Stanley and Koch have been using Triple Point's system for nearly three years, and Societe Generale, Glencore and Petronas licensed the software in 1997. "These rankings underscore a broader trend of trading organizations moving towards integrated trading business systems to manage their operations," says Peter Armstrong, principal and director of business development, Triple Point Technology. "We are proud that our market-leading TEMPEST 2000 system is being used by these market leaders." TEMPEST 2000 establishes an integrated, real-time trading environment built around a central database of reference and transactional data. It allows trading information to be utilized throughout the different functional areas of the enterprise as soon as a trader enters it. As a result, costs are lowered and the accuracy and availability of trading information are greatly increased. The Applied Trading Systems, Inc.'s (ATS) "Annual Industry Perception Survey" covered the best trading companies in the Asia/Pacific market, while Energy & Power Risk Management (EPRM EPRM Equipment Performance Report Management ) listed the annual energy derivative Also known as energy trade, oil trade, gas trade, power trade. Major players include: Mitsui & Co. Energy Risk Management, major trading houses, oil companies, utilities, financial institutions. volume rankings. The organizations were recognized as follows: Morgan Stanley: biggest, most active trader of energy derivatives in the world (EPRM) No. 2 in "best `paper trader'" (ATS) and No. 1 in five different trading categories (EPRM). Glencore: No. 1 in "international arbitrage International arbitrage Simultaneous buying and selling of foreign securities and ADRs to capture the profit potential created by time, currency, and settlement inconsistencies that vary across international borders. " and "best overall trading company" and No. 2 in "specialty or niche trading companies" (ATS). Koch Industries: No. 2 in "most improved trading companies" and No. 3 in "international arbitrage players" (ATS). Petronas: No. 1 in "most effective national oil company trader" (ATS). Societe Generale: No. 1 trader of "gas/oil options in Europe" and three other top three rankings (EPRM). About Triple Point Technology, Inc. Triple Point Technology, Inc. (www.tpt.com) provides fully integrated commodities trading business systems to major oil companies, investment banks, utilities, shipping concerns, power traders and energy companies, metals traders and other global trading organizations. The company leverages technical, business, and trading expertise to help customers reengineer their business processes and develop efficient commodities trading business systems. Founded in 1993, Triple Point is headquartered in Westport, Conn. and operates satellite offices in New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of , Houston, London, and Singapore. Its clients include such leading worldwide trading enterprises as ARCO Aluminum, Koch Industries, Morgan Stanley, Noranda Aluminum, the Tennessee Valley Authority Tennessee Valley Authority (TVA), independent U.S. government corporate agency, created in 1933 by act of Congress; it is responsible for the integrated development of the Tennessee River basin. (TVA TVA: see Tennessee Valley Authority. ), Trafigura, Williams Energy, Rudolf Wolff, and YPF YPF Yacimientos Petrolíferos Fiscales (Argentina) YPF Esquimalt, British Columbia, Canada (Airport Code) YPF Young Peoples Fellowship S.A. All trademarks are the property of their respective owners. |
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