Bunge Selects Triple Point Commodity XL for Oil and Gas.Chosen for Superior Functionality and Advanced Architecture WESTPORT, Conn. -- Triple Point Technology, the leading global supplier of cross-industry software solutions for the supply, trading, marketing and movement of commodities, announced today that Bunge Global Markets, the international marketing and distribution unit of Bunge Limited Bunge Limited NYSE: BG (formerly Bunge International and prior to that Bunge Y Born) is a multinational food conglomerate. As well as being a leading global soybean exporter it is also involved in food processing, grain trading, and fertilizer. (NYSE NYSE See: New York Stock Exchange : BG), chose Triple Point Commodity XL for Oil and Gas(TM) to enhance trading and risk management. Bunge Limited is an integrated, global agribusiness agribusiness Agriculture operated by business; specifically, that part of a modern national economy devoted to the production, processing, and distribution of food and fibre products and byproducts. and food company operating in the farm-to-consumer food chain with primary operations in North and South America South America, fourth largest continent (1991 est. pop. 299,150,000), c.6,880,000 sq mi (17,819,000 sq km), the southern of the two continents of the Western Hemisphere. and worldwide distribution capabilities. Headquartered in White Plains, New York For other places with the same name, see White Plains (disambiguation). White Plains is a city in south-central Westchester County, New York, about 4 miles (6 km) east of the Hudson River and , Bunge has over 18,000 employees with operations in 21 countries. The company is the largest processor of soybeans in the Americas and the largest producer and supplier of fertilizers to farmers in South America. With its recently announced acquisition of Cereol S.A., Bunge will become the world's leading oilseed oilseed the seeds of the linseed plant, rapeseed or canola, peanut, safflower (Carthamus tinctorius); biproduct oils from seeds include corn, grapeseed, olive, sesame, sunflower. processing company. "Bunge Global Markets is a rapidly growing division of Bunge Limited. We were looking for Looking for In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with. a trading and risk management solution that could be deployed quickly but also has the capability of growing with us in the future," said Tom Leslie, applications development manager, Bunge Global Markets. "We found that Triple Point Commodity XL has the best functionality available in the marketplace. In addition, the advanced standards-based architecture combined with Triple Point's hosted ASP asp, popular name for several species of viper, one of which, the European asp (Vipera aspis), is native to S Europe. It is also a name for the Egyptian cobra (Naja haja). (Application Service Provider) platform makes it the perfect solution." "The Commodity XL suite of solutions is built on the most up-to-date technology platform in use today. The next-generation component platform enables you to plug in the solutions you need now with the flexibility to easily add function later," said Karan Renjen, vice president, engineering, Triple Point. "We invest roughly 25% of revenue each year in technology research and development. This ensures that Commodity XL always delivers the best performance combined with unparalleled scalability." Triple Point Commodity XL is the only 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 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. 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. 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 manages the complex, ever-changing requirements of physical and financial markets. Commodity XL integrates front-to-back office and delivers best-of-breed functionality for the supply, trading, marketing and movement of commodities on a single next-generation platform. Triple Point's real-time system helps customers of all sizes streamline trade processing, reduce transaction costs Transaction Costs Costs incurred when buying or selling securities. These include brokers' commissions and spreads (the difference between the price the dealer paid for a security and the price they can sell it). , maximize supply chain efficiencies, precisely measure and manage market risk, evaluate performance, and ensure regulatory and accounting compliance. About Bunge Limited Bunge Limited (www.Bunge.com) is an integrated, global agribusiness and food company operating in the farm-to-consumer food chain. Founded in 1818 and headquartered in White Plains, New York, Bunge has over 22,000 employees and locations in 32 countries. Bunge is the world's leading oilseed processor, the largest producer and supplier of fertilizers to farmers in South America and the world's leading seller of bottled vegetable oils <onlyinclude> This list of vegetable oils includes all vegetable oils that are extracted from plants by placing the relevant part of the plant under pressure to extract the oil. to consumers. |
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