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Vinmar International Selects Triple Point Commodity XL for Oil and PhysOps 'Visual Cockpit'.


Superior Functionality Coupled with ASP asp, popular name for several species of viper, one of which, the European asp (Vipera aspis), is native to S Europe. It is also a name for the Egyptian cobra (Naja haja).  Deployment Provides Key Competitive Advantage

WESTPORT, Conn. -- Triple Point Technology, the leading global supplier of cross-industry software solutions for the supply, trading, marketing and movement of commodities, announced today that Vinmar International, Ltd. of Houston, Texas “Houston” redirects here. For other uses, see Houston (disambiguation).
Houston (pronounced /'hjuːstən/) is the largest city in the state of Texas and the
, chose Triple Point Commodity XL for Oil(TM) along with PhysOps '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.
(TM') to support biofuels, fuel product, and petrochemicals trading, risk management and physical logistics.

Vinmar has a twenty-seven year history as a leader in providing global logistical lo·gis·tic   also lo·gis·ti·cal
adj.
1. Of or relating to symbolic logic.

2. Of or relating to logistics.



[Medieval Latin logisticus, of calculation
, marketing, distribution 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.
 for a wide array of petrochemicals, fuel components and plastics. With a highly connected network of 26 offices in 20 countries worldwide, the company is an extremely important link in global supply chains, adding value for both suppliers and purchasers.

"Vinmar markets approximately two million tons of fuel products, polymers and chemicals a year around the world. We were looking for Looking for

In the context of general equities, this describing a buy interest in which a dealer is asked to offer stock, often involving a capital commitment. Antithesis of in touch with.
 an advanced trading, risk management and logistical system that addressed all the functions critical to support our broad, complex and rapidly growing business," said Doug Friedman Doug Friedman (b. September 1, 1971 in Greenwich, Connecticut) is a former professional ice hockey forward. He was selected in the eleventh round of the 1991 NHL Entry Draft, 222nd overall, by the Quebec Nordiques. , Vinmar's vice president, fuel products. "Triple Point's industry and application expertise are both reflected in the tremendous functionality of Commodity XL; it's a perfect fit for our business now. Perhaps most importantly Adv. 1. most importantly - above and beyond all other consideration; "above all, you must be independent"
above all, most especially
, the system's flexibility will allow it to easily grow as we grow. In addition, Triple Point's hosted ASP (Application Service Provider) deployment model will get Vinmar up and running quickly, without significant infrastructure investment, minimizing the start-up capital required."

"We are elated e·lat·ed  
adj.
Exultantly proud and joyful.



e·lated·ly adv.

e·lat
 that Vinmar International has selected Commodity XL for Oil and PhysOps 'Visual Cockpit,'" said Rick Nelson, vice president, sales, Triple Point. "I talk to customers and prospects every day and hear the same thing; real-time decision making capability, enterprise wide risk management, support for regulatory compliance and robust architecture make Commodity XL the only system that can support a multi-commodity front-to-back office deployment."

Triple Point Commodity XL 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, Inc.

Triple Point Technology is the leader in trading, risk management, scheduling and logistics solutions for commodities: power, oil, gas, coal, metals, agricultural products and freight. Commodity XL manages the complex, ever-changing requirements of physical and financial markets. Commodity XL integrates front-to-back office and delivers functionality for supply, trading, marketing and movement of commodities on a single 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, manage market risk, evaluate performance, and ensure regulatory and accounting compliance.
COPYRIGHT 2006 Business Wire
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Nov 20, 2006
Words:483
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