Century Aluminum Licenses Triple Point Technology's InterFlex 2000 Metal Trading Business System.WESTPORT, Conn.--(BUSINESS WIRE)--March 31, 1999-- Triple Point Continues to Build Customer Base in Metals Trading Markets Triple Point Technology, Inc. (www.tpt.com), the leading global supplier of commodities trading software, systems and services, today announced that it has licensed its InterFlex 2000(TM) system to Century Aluminum Company. InterFlex 2000 provides straight-through transaction processing Updating the appropriate database records as soon as a transaction (order, payment, etc.) is entered into the computer. It may also imply that confirmations are sent at the same time. Transaction processing systems are the backbone of an organization because they update constantly. for over-the-counter physical trades and exchange-traded futures and options. Triple Point recently acquired InterFlex Corporation, which designs, develops, markets and supports the business of metals trading. "We have been looking to purchase a trading system The introduction to this article provides insufficient context for those unfamiliar with the subject matter. Please help [ improve the introduction] to meet Wikipedia's layout standards. You can discuss the issue on the talk page. for some time now," says Kip Price of Century Aluminum. "We selected InterFlex 2000 because it best suited our business needs. Triple Point Technology had the staff with the necessary knowledge of our business and the resources behind the product." Century Aluminum Company, headquartered in Ravenswood, West Virginia Ravenswood is a city in Jackson County, West Virginia, along the Ohio River. The population was 4,031 at the 2000 census. Geography Ravenswood is located at (38.952922, -81. , is a leading producer of aluminum and makes a wide range of value-added and specialized flat-rolled sheet and plate aluminum products for the aerospace, transportation and industrial sectors. Century will use InterFlex to manage the trading activity related to its aluminum production, including sales and hedge transactions. Century's deal includes the option to upgrade the software to a new system currently under development by Triple Point. "Century Aluminum brings to the table a powerful name in the metals trading industry," says Bob Stevenson, vice president of the metals division, Triple Point Technology. "We are pleased to have a role in integrating advanced trading systems into this large metals organization. We look forward to continued success as Triple Point expands into the metals market and beyond." Created exclusively for metals trading, InterFlex 2000 consists of four modules: -- Professional Trader - a comprehensive physical metals trading system; -- Professional Hedging Manager - a terminal market hedging system; -- Derivatives Manager - for generating and tracking paper confirmations of derivative transactions; and -- InterFlex Professional Accountant (IPA IPA - International Phonetic Alphabet ) - a state of the art commodity account system. Triple Point plans to release a major upgrade to the InterFlex system later this year. The new software will utilize a multi-tier client/server architecture, with a Microsoft Windows 95/98/NT compliant user-interface. A fourth module, to support OTC OTC See: Over-the-counter. OTC See over-the-counter market (OTC). swaps, options, and other derivative instruments Derivative instruments Contracts such as options and futures whose price is derived from the price of an underlying financial asset. , will also be offered. 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, Connecticut 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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