Triple Point Research Shows 90% of Energy Company Respondents' Trading and Risk Management Systems Fail to Meet Current Needs.Volatile and Complex Energy Markets Demand Advanced Trading and Risk Management Systems But Only 10% of Companies Have Them WESTPORT Westport, residential town (1990 pop. 24,407), Fairfield co., SW Conn., on Long Island Sound at the mouth of the Saugatuck River; settled 1645–50, inc. 1835. It serves as a popular residence for New York City commuters. Westport has a summer theater. , Conn. -- Triple Point Technology, the leading global supplier of cross-industry software solutions for the supply, trading, marketing, and movement of commodities, released today the results of a recent research poll of natural gas marketers and trading companies. When posed the question, "Are your current energy trading and risk management ("ETRM ETRM Energy Trading and Risk Management ETRM Enterprise Technology Reference Model (Massachusetts) ") systems meeting your organization's needs?" A resounding re·sound v. re·sound·ed, re·sound·ing, re·sounds v.intr. 1. To be filled with sound; reverberate: The schoolyard resounded with the laughter of children. 2. 90% replied "No." "Triple Point's poll results are evidence that the market is now in strong replacement phase, as was indicated by our late 2005 report, Evaluation and Benchmarking of Natural Gas Software Application Usage in North American North American named after North America. North American blastomycosis see North American blastomycosis. North American cattle tick see boophilusannulatus. Energy Companies," stated Patrick Reames, vice president, energy trading and risk management, UtiliPoint International. "The majority of companies have recognized a need to update their ETRM software applications. Sustained high commodity prices and increased volatility in the market over the last year have forced companies to examine the risks associated with managing their business in outdated out·dat·ed adj. Out-of-date; old-fashioned. outdated Adjective old-fashioned or obsolete Adj. 1. applications and have highlighted the need for advanced systems." "More and more companies are realizing the need for a real-time 1. real-time - Describes an application which requires a program to respond to stimuli within some small upper limit of response time (typically milli- or microseconds). Process control at a chemical plant is the classic example. , enterprise-wide, fully-integrated energy trading and risk management system," said Michael Michael, archangel Michael (mī`kəl) [Heb.,=who is like God?], archangel prominent in Christian, Jewish, and Muslim traditions. In the Bible and early Jewish literature, Michael is one of the angels of God's presence. Schwartz Schwartz is a Canadian spices brand. It is also a common surname and may refer to:
Triple Point Commodity XL[TM] is the only true next-generation solution, built specifically from the ground up for high-volume, complex transaction management organizations. It meets all the requirements for trading in today's highly volatile environment: multi-commodity capabilities, real-time integration of physical and financial positions, comprehensive risk management, and scalability. Comprised of a family of commodity-specific products that can be deployed alone or in seamless combination with each other, Commodity XL manages every aspect of global cross-industry supply, trading, marketing, and logistics operations. About Triple Point Technology Triple Point Technology is the leader in trading, risk management, scheduling and logistics solutions for commodities including power, oil, gas, coal, metals, agricultural products and freight. Triple Point Commodity XL profitably manages the complex, ever-changing requirements of physical and financial markets. Commodity XL integrates front-to-back office and delivers best-of-breed functionality for the supply, trading, marketing and movement of commodities on a single next-generation platform. Triple Point's real-time system helps customers of all sizes streamline trade processing, 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). , maximize supply chain efficiencies, precisely measure and manage market risk, evaluate performance, and ensure regulatory and accounting compliance. More information is available at www.tpt.com. |
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