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"Standing out in the competitive space of commodity software vending is no easy feat, but the winner of our software house of the year's achievements marked it out. Award: Software House of the Year Winner: Triple Point Technology." Energy Risk Click here to read the article. |
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Triple Point Senior Executive Discusses Consequences of Decentralized Risk Management with European Energy Forum
Tighter credit, greater volatility and stringent regulations demand integrated enterprise risk management
WESTPORT, CT (November 11, 2009) - Triple Point Technology®, the leading provider of multi-market commodity and enterprise risk management software
solutions, announced today that chief marketing officer, Michael Schwartz, will discuss the critical importance of integrated enterprise risk management
in the face of new business realities at Platts 'Managing Oil and Energy Risk' conference in London, November 12 - 13th.
Mr. Schwartz's presentation examines how current market conditions, including tighter credit, greater volatility and more stringent regulations, demand
that companies wishing to survive deploy a comprehensive software system to manage market, operational, credit and regulatory risk on a tightly integrated
platform. Attempting to manage risk with disparate systems and spreadsheets decreases the ability to extract meaningful data for proactive decision-making
and minimizes the ability to introduce automated controls and work flow.
"The ability to manage risk holistically and increase transparency is the number one concern of organizations today. Companies with exposure to energy
prices must implement risk platforms to manage volatility and tightly integrate enterprise risk," said Michael Schwartz, chief marketing officer,
Triple Point. "As a recognized 'leader' in Gartner's 'Energy Trading and Risk Management' Magic Quadrant report, Triple Point values the opportunity to
share its market-leading expertise in energy commodities and enterprise risk management."
Managing Oil and Energy Risk will bring together key decision makers from across the European oil and gas majors, financiers, commodity traders, rating
agencies, stock exchanges, governments and regulatory bodies to examine the issues and challenges at the heart of the current European oil debate. Triple
Point will speak about exposure analysis and derivative instruments, basis risk and multiple risk trading portfolios, credit and counterparty risk, and
hedge effectiveness.
Platts is widely recognized as the world's most trusted and valued source of global energy information and intelligence.
Mr. Schwartz joined Triple Point as chief marketing officer in 2005 and is a noted speaker at energy and commodity events around the world.
About Triple Point Technology
Triple Point Technology® is the leading global provider of multi-market commodity and enterprise risk management software solutions. Triple Point's
Commodity XL profitably integrates physical and financial markets on a real-time, service-oriented architecture (SOA) platform for commodities including
power, oil, gas, coal, emissions, base and precious metals, agricultural products, biofuels and freight. In addition to Triple Point's award-winning
commodity and energy trading software being used by more than 25 percent of both Global 500 commodity trading and Global 500 energy companies, other
organizations with large raw material and energy exposure, including consumer products (CP), discrete manufacturers and big box retailers, are quickly
adopting the Triple Point solution. Named to the Deloitte Technology Fast 50 for ten straight years, Triple Point added to its record-breaking organic
growth in 2008 with the acquisitions of INSSINC, the leading provider of hedge accounting and fair value level software and ROME Corporation, the industry
leader in credit risk software solutions. Triple Point, headquartered in Westport, Connecticut, USA, was founded in 1993 and serves clients from nine
development and support centers located around the globe. More information is available at www.tpt.com.
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Learn about Triple Point Chartering and VesselOps – Triple Point's leading solution for chartering, vessel operations, and freight risk management.
