Glencore Opts for Triple Point's Gas XL; Triple Point Technology Emerges as Winner of Competitive Selection Process.Energy Editors/Business Editors/High-Tech Writers WESTPORT, Conn.--(BUSINESS WIRE)--Sept. 30, 2003 Glencore to Use Next-Generation Trading Platform to Manage European and North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Natural Gas Business Triple Point Technology, the leading provider of next-generation software solutions for managing the complexities of trading and marketing natural gas, power, oil, and other commodities, announced today that Glencore, a $43 billion privately-owned, diversified natural resources group, has licensed Triple Point's Gas XL natural gas 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. . Glencore has been an important client of Triple Point's since 1997, when it deployed Triple Point's Tempest platform to manage its oil trading and market making operations. Over the years, Triple Point has worked closely with the company to meet its changing business needs. Gas XL was deployed this month in Glencore's London and Stamford, Connecticut Stamford is a city in Fairfield County, Connecticut, United States. According to 2006 Census Bureau estimates, the population of the city is 119,261, making it the fourth largest city in the state. trading centers to manage all physical and financial risk and to streamline back-office operations. "We are on a roll here with Gas XL. The market is validating our own belief that the product has the perfect mix of state-of-the-art technology and deep front-to-back office natural gas functionality," said Peter F. Armstrong, president, Triple Point Technology, Inc. About Gas XL Gas XL is an enterprise-wide 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. and risk management system for participants in natural gas markets around the world, including trading and marketing firms, pipelines, producers, large consumers, wholesalers, and LDCs. The system supports all physical and financial gas trading activity, including swaps, options, derivatives, futures, physical forwards, structured deals, and full requirement supply contracts. Gas XL offers real-time position management functions, trader profitability reporting, deal valuation, and advanced risk analyses. The product automates the confirmation and nomination processes, the scheduling and movement Joint Operation Planning and Execution System application software providing the capability to create, update, allocate, manifest, and review organic carrier information before and during deployment. of natural gas to fulfill supply and distribution obligations, the settlement of physical and financial transactions, and the forecast and management of cash. To assist gas traders in the optimization of pipeline and physical storage facility usage, Gas XL provides tools to value and expose the optionality of transportation contracts with commodity gas positions. Gas XL is built on Triple Point's "XL" platform--the company's next-generation J2EE (Java 2 Platform, Enterprise Edition) A platform from Sun for building distributed enterprise applications. J2EE services are performed in the middle tier between the user's machine and the enterprise's databases and legacy information systems. 2.0 compliant, Java, web-enabled technology platform offering super-fast processing for real-time valuation and position reporting for large transaction volumes. Triple Point's highly flexible and scalable XL platform offers concurrency Operations that are performed simultaneously within the computer. For example, dual-core CPUs provide complete overlapping of two independent processes. See dual core, hyperthreading, multiprocessing, multitasking, multithreading, SMP and MPP. concurrency - multitasking across hundreds of users, Internet deployability, customizable desktops and reporting, and open access via database and MOM vendor independence and native XML XML in full Extensible Markup Language. Markup language developed to be a simplified and more structural version of SGML. It incorporates features of HTML (e.g., hypertext linking), but is designed to overcome some of HTML's limitations. messaging. The product can be deployed alone or in seamless combination with Power XL, Triple Point's solution for electricity trading, providing the only fully-integrated multi-commodity solution available in the industry. About Triple Point Technology 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. (U.S.A.), Triple Point Technology operates worldwide, with London and Singapore serving as international hubs. Triple Point is a major provider of commodity trading systems recognized by traders, CEOs, and CFOs at more than 70 multinational energy, power, and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. firms including: Morgan Stanley  To comply with Wikipedia's , the introduction of this article needs a complete rewrite. , Duke Energy, Cinergy, Catequil Asset Management, Amerada Hess, and BP. Triple Point has realized 120% growth in revenue over the previous five years and has been recognized four times by Inc. magazine as one of the fastest-growing companies in America for its performance since its inception in 1993. The company's flagship products, Tempest XL, Power XL, and Gas XL, provide producers, users, and traders of oil, electricity, and natural gas, respectively, the tools needed to streamline transaction processing, maximize efficiencies in the supply chain, and perform sophisticated risk analyses. |
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