Commodities Trader Trafigura, Ltd. Redesigns Risk Management System with ActiveVOS.Leading Global Trader in Oil, Minerals and Metals Improves Reliability, Gains Transparency in Core Business Processes WALTHAM, Mass. -- Active Endpoints, Inc. (www.activevos.com), the inventor INVENTOR. One who invents or finds out something. 2. The patent laws of the United States authorize a patent to be issued to the original inventor; if the invention is suggested by another, he is not the inventor within the meaning of those laws; but in that of visual orchestration orchestration Art of choosing which instruments to use for a given piece of music. The sections of the orchestra historically were separate ensembles: the stringed instruments for indoors, the woodwind instruments for outdoors, the horns for hunting, and trumpets and drums systems (VOS An operating system used in Stratus computers. FTX is Stratus' Unix operating system. ), today announced that Trafigura, Ltd. (www.trafigura.com) has deployed a commodities market risk assessment system orchestrated or·ches·trate tr.v. or·ches·trat·ed, or·ches·trat·ing, or·ches·trates 1. To compose or arrange (music) for performance by an orchestra. 2. by ActiveVOS. Trafigura is one of the world's leading international commodity traders, specializing in the oil, minerals and metals market. Trafigura's primary trading businesses are the supply and transport of crude oil, petroleum products, natural gas, liquefied natural gas liquefied natural gas: see under natural gas. Liquefied natural gas (LNG) A product of natural gas which consists primarily of methane. Its properties are those of liquid methane, slightly modified by minor constituents. and metals. It is the world's second largest independent non-ferrous trading company and the third largest independent oil trader. Brown Study Ltd. (www.brownstudy.ltd.uk), a UK-based ActiveVOS partner, led the redesign re·de·sign tr.v. re·de·signed, re·de·sign·ing, re·de·signs To make a revision in the appearance or function of. re and implementation by first re-working legacy applications as services and then orchestrating them with ActiveVOS. Trafigura's new services-oriented architecture (SOA (1) (Start Of Authority) The first record in a DNS zone file. See DNS records. (2) (Service Oriented Architecture) The modularization of business functions for greater flexibility and reusability. ) risk assessment application is more reliable, offers vastly better performance and is easy to extend. "Using ActiveVOS, we were able to reduce the time required for risk assessment reporting from between six to eight hours down to just 35 minutes," said Michael Marconi, director, Brown Study, Ltd. "Now that the risk assessment application is in production, it has proven to be highly robust - previously a challenge for Trafigura - and producing daily risk assessment reports is now stress-free. Traders can now far more easily assess risk, which drives the fundamental trading business for Trafigura." Brown Study has documented the details of its approach to designing and developing this important business process management (BPM (Business Process Management) A structured approach that models an enterprise's human and machine tasks and the interactions between them as processes. BPM software provides users with a dashboard interface that offers a high-level view of the operation that typically ) application in a free whitepaper, which can be downloaded at http://www.activevos.com/proof-casestudies.php. ActiveVOS allows developers, business analysts, operations staff and managers to develop, test, deploy, manage and maintain a new generation of 100% standards-based BPM applications affordably and quickly. In contrast to the stitched-together-through-acquisition approaches of other vendors, ActiveVOS comes complete. ActiveVOS is easy to learn and easily deployed. Download a trial of ActiveVOS at www.activevos.com/trial. "Trafigura joins a growing list of customers who have moved from concept to production with ActiveVOS at record speed," said Eric Egertson, vice president, sales, Active Endpoints. "Because ActiveVOS is an affordable, all-in-one BPM design, development and deployment environment, partners and customers can experience the benefits SOA-based development and achieve the kinds of impressive results that Trafigura did in record time." About Active Endpoints, Inc. Active Endpoints (www.activevos.com) is the leading developer of visual orchestration systems. VOSs empower line of business project teams to create applications using services and industry standards, including BPMN BPMN Business Process Modeling Notation and BPEL See WSBPEL. BPEL - Web Services Business Process Execution Language , making their businesses more agile and effective. Active Endpoints' ActiveVOS promotes mass adoption of SOA-enabled applications by focusing on accelerating project delivery time with a standards-based, easy to use system. Active Endpoints is headquartered in Waltham, MA with development facilities in Shelton, CT. ActiveVOS is a trademark of Active Endpoints, Inc. All other company and product names are the property of their respective owners. |
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