TradeCapture, Inc. Announces That Petroplus Holdings AG has Selected its ICTS Symphony Software to Support their Rapidly Growing Business.STAMFORD, Conn. -- TradeCapture, Inc., the premier developer of cutting edge oil trading and risk management software solutions announced today that Petroplus Holdings AG, one of Europe's leading independent refiners and wholesalers of petroleum products has selected TradeCapture's ICTS ICTS Integrated Commodity Trading System ICTS Inter-Cell Time Sharing ICTS Interpersonal Communication Transferable Skills Symphony[TM] to integrate its crude oil and refined products supply and distribution business in Zug, Switzerland. The addition of Petroplus as a customer further expands TradeCapture's business and presence in the European region. "We were in search of a highly scalable, end-to-end solution (jargon) end-to-end solution - (E2ES) A term that suggests that the supplier of an application program or system will provide all the hardware and/or software components and resouces to meet the customer's requirement and no other supplier need be involved. Compare: turn-key solution. that offered robust functionality, supported our rapidly growing physical oil and refinery supply business demands and streamlined our risk management and logistics operations," said Ian Sloman, Chief Risk Officer of Petroplus. "We chose TradeCapture because of their proven track record, depth of knowledge in oil risk management software development and outstanding customer focus," added Sloman. ICTS Symphony is a fully integrated, multi-commodity trading and risk management system that operates across the entire transaction chain and supports all Physicals, Swaps, Futures, OTC Options OTC Options Exotic options traded on the over-the-counter market, where participants can choose the characteristics of the options traded. Notes: The flexibility of these options is attractive to many. and Exchange Traded Options. It pinpoints the value of a position in real-time, precisely tracks the total risk position under any given set of transaction variables and manages all paper and physical transactions in one system. The software eliminates data entry duplication and benefits its users with improvements in workflow, risk management, identification of trading opportunities and overall efficiency. Trip Ray, Chief Operating Officer Chief Operating Officer (COO) The officer of a firm responsible for day-to-day management, usually the president or an executive vice-president. of TradeCapture said, "We are excited to welcome Petroplus as a client and business partner and look forward to assisting the company in managing its growing business demands and real-time information needs." Adding Petroplus as a client is another significant step for TradeCapture in fulfilling its business objective of further expanding its client base in Europe and increasing its support of the oil industry globally. Petroplus joins TradeCapture's growing list of international customers, which includes companies located in Italy, Netherlands, Poland, Switzerland, United Kingdom, Russia, China, Japan, Singapore, Dubai, Mexico and Panama. TradeCapture, Inc. is a leading global provider of innovative energy trading and risk management software solutions designed to enable clients to streamline operations, 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). , and manage their Futures, Exchange Traded Options, OTC Options, Swaps and Physicals in a single platform. TradeCapture's flagship product A primary product of a company, which is typically why the company was founded and/or what made it well known. For example, MS-DOS, Windows and the Microsoft Office suite have been flagship products of Microsoft. CorelDRAW is a flagship product of Corel Corporation. is the integrated commodity 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. , ICTS Symphony, for straight-through-processing of commodities transactions. TradeCapture's TC Maestro product provides real-time P&L, real-time Risk Analytics and What-If Analysis. TradeCapture provides unmatched trading solutions to multinational clients such as Chevron, Koch Supply & Trading, UBS UBS Union Bank of Switzerland UBS United Bible Societies UBS United Blood Services UBS United Buying Service UBS Used Bookstore UBS University Business Services UBS Universal Building Society (UK) UBS Ulaanbaatar Broadcasting System , Marathon Petroleum Company Marathon Petroleum Company (MPC) is a fully owned, American subsidiary of the Marathon Oil Corporation. The subsidiary was formed on September 1, 2005, from the former Marathon Ashland Petroleum, LLC, and is based in Findlay, Ohio. LLC (Logical Link Control) See "LANs" under data link protocol. LLC - Logical Link Control , PetroChina, Eni, Enel, Mitsui and many others. TradeCapture has won numerous energy industry awards, including Energy Risk Magazine's Top Energy Risk Software package for commodities trading. TradeCapture is headquartered in Stamford, Connecticut, and has development and support centers strategically located around the world. For more information please visit www.tradecapture.com Petroplus Holdings AG is one of the largest independent refiners and wholesalers of petroleum products in Europe. Petroplus focuses on refining and currently owns and operates three refineries across Europe: the Cressier refinery in the canton of Neuchatel, Switzerland, the Teesside refinery in Teesside, United Kingdom and the Belgium Refining Company ("BRC BRC Black Rock City (Burning Man) BRC British Retail Consortium BRC Business Resource Center (Small Business Administration) BRC Bisexual Resource Center BRC Black Radical Congress ") refinery in Antwerp, Belgium. Petroplus has entered into an agreement with ExxonMobil Central Europe Holding GmbH ("ExxonMobil CE") to purchase a refinery in Ingolstadt, Germany. The existing refineries have a combined crude oil volume processing capacity, known as throughput capacity, of approximately 295,000 bpd, and the Ingolstadt refinery has a throughput capacity of approximately 110,000 bpd. |
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