TradeCapture Unveils Next-Generation Commodity Transaction and Risk Management Software for Rapid and Cost-Effective Delivery.Business & Energy Editors STAMFORD, Conn.--(BUSINESS WIRE)--July 23, 2002 ICTS ICTS Integrated Commodity Trading System ICTS Inter-Cell Time Sharing ICTS Interpersonal Communication Transferable Skills Symphony(TM) Precisely Tracks a Company's Risk Exposure, Manages Paper and Physical Trades, and Permits Viewing of Commodity Transactions in One Portfolio TradeCapture Inc., the foremost developer of global energy trading systems 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. , today announced its launch of ICTS Symphony(TM), a next generation trading system for multi-commodity markets worldwide. "Today's energy companies are operating under changing and sometimes disorderly market Disorderly Market A characterization of market conditions whereby there is excessive volatility at a time when there is no news. The volatility is often caused by order imbalances. In some markets, shorts trying to cover can cause disorderly conditions. conditions. Increased scrutiny, market volatility, counterparty credit risk and technology are driving rapid changes throughout the global energy industry," said TradeCapture CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Vincent P. Annunziata. "Most trading systems available today weren't designed to operate in this increasingly complex environment. ICTS Symphony, however, was built from the ground up to address the growing needs of traders, risk officers and senior management who require an accurate real-time view of their total position and exposure." Risk officers benefit from functionality that maps different periods, commodities or markets with user-defined rules allowing them to manage a flexible portfolio hierarchy comprised of their total positions. This supports the management of risk by location and aids in the identification of cross-market opportunities. The scope and scalability of the system is what sets in motion the ability to process vast volumes of data required to pinpoint the value of a portfolio in real-time. The operation of multiple systems and interfaces to manage commodity trading is costly, restrictive and potentially unreliable. ICTS Symphony is an integrated multi-commodity system operating across the entire transaction chain and supports all physical, exchange and derivative transactions. The software eliminates data duplication and benefits its users with improvements in managing risk, identifying trading opportunities and overall efficiency. TradeCapture's implementation methodology and experienced personnel enable clients to move ahead into production quickly and painlessly pain·less adj. Free from complication or pain: a painless operation. pain  less·ly adv. . ICTS Symphony is a cost-effective decision support tool that enables energy trading companies to make better-informed decisions faster, thereby allowing them to spend more time in the market and less time managing the information flow across their organization. ICTS Symphony is the successor to the product ICTS Online (Integrated Commodity Trading System) launched in 1997. "We chose the name ICTS Symphony because it represents the fluid motion of our applications working in harmony to compose the desired result," said Mr. Annunziata. About TradeCapture: Founded in 1997, TradeCapture Inc. is a leading global provider of web-enabled solutions designed and developed for companies in the field of commodity trading and transaction management. 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, ICTS Symphony(TM), for straight-through processing straight-through processing The direct exchange of cash and securities. Straight-through processing is a major objective for cross-border transactions that are generally much more costly to settle compared to domestic transactions. of commodities transactions. TradeCapture's B2B (Business to Business) Refers to one business communicating with or selling to another. See B2B e-commerce, B2C and B2G. B2B - business to business Exchange Tools(TM) function as an "off the shelf" electronic exchange to trade physical commodities, futures and related derivative products. Linked together, these two products provide a comprehensive front-end to back-end electronic solution for the commodities trading industry. TradeCapture is also a leading provider in the area of Consulting Services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" for commodity trading organizations, offering such services as outsourcing, systems integration/selection and workflow analysis. By combining its proprietary software with its consulting services, TradeCapture provides unprecedented trading solutions to clients such as ChevronTexaco, Northwest Airlines, Sempra Energy Sempra Energy NYSE: SRE is a San Diego, California-based energy services holding company that was founded in 1998. Sempra owns the Southern California Gas Company, San Diego Gas & Electric, Sempra Commodities, and Sempra Generation. , AGIP Petroli, Enel and many others. TradeCapture is headquartered in Stamford, Conn. and has offices in Houston, London, Rome and Singapore. TradeCapture was awarded the Ernst & Young 2002 Emerging Entrepreneur of the Year for the Southwestern Conn./N.Y. Hudson Valley
The Hudson Valley refers to the canyon of the Hudson River and its adjacent communities in New York State, generally from northern Westchester County northward to the cities of Albany and Troy. region. Additional information is available at www.tradecapture.com. |
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