Triple Point Technology Inc. Provides Natural Gas Trading, Marketing and Scheduling Solutions for Large Natural Gas Producer.WESTPORT, Conn. -- Seven Prestigious Natural Gas Clients Have Signed on Since Introduction of Client-Tested Gas Scheduling Module Nine Months Ago, Proving Triple Point as the Premier Solution Triple Point Technology, Inc., the leading global supplier of cross-industry software platforms for the supply, trading, marketing, and movement of commodities, announced today that Kerr-McGee Corp. has chosen Triple Point's Commodity XL for Gas(TM) and Gas Scheduling 'Visual Cockpit'(TM) to support physical and financial natural gas trading. Since introducing 'Visual Cockpit' to the market nine months ago, Triple Point has become the solution of choice for gas-trading institutions, as demonstrated by the addition of seven major natural gas scheduling clients. Kerr-McGee, one of the largest US-based independent oil and natural gas exploration and production companies, selected Triple Point's solution after an extensive search. "As we grow our physical natural gas business, we wanted a system that automated au·to·mate v. au·to·mat·ed, au·to·mat·ing, au·to·mates v.tr. 1. To convert to automatic operation: automate a factory. 2. and streamlined scheduling operations," said Marc Peter, Kerr-McGee Gas Marketing Manager, "Triple Point's solution handled all the complexities involved in scheduling natural gas through a single screen graphical interface See GUI. ." "It's very gratifying grat·i·fy tr.v. grat·i·fied, grat·i·fy·ing, grat·i·fies 1. To please or satisfy: His achievement gratified his father. See Synonyms at please. 2. to see so many industry leaders choosing our natural gas solution," said Mike Ravo, vice president, Industry Solutions, Triple Point Technology. "Our trading solution has been the top choice for years because it integrates front- to- back-office and handles all the complexities of physical and financial trading, risk management, and settlement on one integrated, real-time platform. With the added capabilities of Gas Scheduling 'Visual Cockpit This article is about the flight deck of an aircraft. For other uses, see Cockpit (disambiguation). A cockpit is the area usually nearer the front of a piloted aircraft from which a pilot controls the aircraft. ,' both traders Traders Individuals who take positions in securities and their derivatives with the objective of making profits. Traders can make markets by trading the flow. When they do this, their objective is to earn the bid/ask spread. and schedulers can now maximize their productivity on a single platform. Customers are proving the solution's ROI (Return On Investment) The monetary benefits derived from having spent money on developing or revising a system. In the IT world, there are more ways to compute ROI than Carter has liver pills (and for those of you who never heard of that expression, it means a lot). over and over." Triple Point Commodity XL for Gas is a true next-generation solution, built specifically from the ground up for high-volume, complex transaction management organizations. It provides the essential capabilities for organizations trading natural gas with real-time integration of physical and financial positions, comprehensive risk management, and an integrated back office. Gas Scheduling 'Visual Cockpit' was announced in June of 2005, and integrates seamlessly with Commodity XL for Gas, providing a central, single screen control point that graphically displays all the information required for complex scheduling. It solves the unique scheduling challenges caused by a convoluted convoluted /con·vo·lut·ed/ (kon?vo-lldbomact´ed) rolled together or coiled. interstate in·ter·state adj. Involving, existing between, or connecting two or more states. n. One of a system of highways extending between the major cities of the 48 contiguous United States. Noun 1. pipeline system, intricate FERC FERC Federal Energy Regulatory Commission FERC FEMA Emergency Response Capability regulations, and complexities such as capacity management, storage management, imbalances, book-outs, lending and parking. About Triple Point Technology Inc. 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 integrates physical and financial markets from the front-to-back office for all commodities on a real-time next-generation platform. Triple Point's award-winning solutions are used by more than 25 percent of both Global 500 commodity trading companies and Global 500 energy companies. Founded in 1993, and 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. , USA, Triple Point serves clients from five development and support centers located around the globe. More information is available at www.tpt.com. |
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