Emirates National Oil Company Limited -ENOC- Licenses Triple Point Technology's Oil Trading and Risk Management System.Business Editors WESTPORT, Conn.--(BUSINESS WIRE)--February 22, 2000 Dubai Government-Owned Company to Deploy System in Dubai, London, and Singapore Triple Point Technology, Inc. (www.tpt.com), the leading provider of enterprise-wide commodity trading software, today announced the signing of a contract to provide its TEMPEST 2000(R) fully-integrated trading and risk management system to Emirates National Oil Company Limited (ENOC ENOC Emirates National Oil Company ENOC Enterprise Network Operations Center ). "Triple Point will develop and deploy an integrated oil trading software system to process ENOC's physical and derivative supply, marketing, and hedging activity," said Hussain Sultan, Chief Executive, ENOC. "We are investing in this system to ensure the ongoing international success of ENOC. The system will help us manage market risk, measure and monitor physical inventory positions, manage our refinery hedging program, and streamline back-office 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. ." TEMPEST 2000, Triple Point's industry-proven Windows-based commodities 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. , will be the core of ENOC's risk management and trading system. TEMPEST 2000 is an integrated front-to-back office software solution for the physical and derivative commodity markets. The system provides trade processing, real-time position and risk management, mark-to-market and realized profit/loss reporting, contract/confirmation administration, physical scheduling, traffic operations, trade settlement, invoicing and financial operations, and customer credit analysis. "ENOC intends to be at the forefront of technology usage to produce exceptional efficiency, customer service, and stake-holder reporting in every field in which we operate," added Hussain Sultan. Established in April 1993 as a catalyst in the development of downstream and upstream oil and gas activities, ENOC now has interests stretching beyond the petroleum sector which includes information technology as well as chemical storage and trading. A limited liability organization, ENOC, which is wholly-owned by the Government of Dubai, is the holding company for a growing number of profitable subsidiaries and joint ventures. About Triple Point Technology, Inc. Triple Point Technology, Inc. provides fully-integrated commodities trading business systems to major oil companies, investment banks The following is a list of investment banks Financial conglomerates Large financial-services conglomerates combine commercial banking and investment banking, and sometimes insurance. , utilities, power traders, 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 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. 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 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 , Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. , Weyerhaeuser, Petronas, Glencore, Noranda Aluminum, DSM 1. DSM - Data Structure Manager.An object-oriented language by J.E. Rumbaugh and M.E. Loomis of GE, similar to C++. It is used in implementation of CAD/CAE software. DSM is written in DSM and C and produces C as output. Hydrocarbons, Trafigura, Williams Energy, Rudolf Wolff, and Repsol YPF. |
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