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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 Technology Partners with FEA to Combine Leading Trading System with Integrated Risk Management Models
Alliance provides complete transaction and risk management solution
BERKELEY, Calif.; WESTPORT, Conn., July 18, 2000 - Financial Engineering Associates, Inc. (FEA) announced a partnership with Triple Point Technology, Inc. (www.tpt.com) to integrate its risk management and pricing models with Triple Point's transaction management system to provide one of the most complete trading solutions available to the energy trading marketplace.
Triple Point Technology ranks as the #1 FEA/Alliance Partner from a sales standpoint for Year 2000. Triple Point has integrated FEA's Value at Risk (VaR) models and the @ENERGY option pricing suite into its TEMPEST 2000 product line.
Mark Garman, President and CEO of FEA, said "Triple Point has been a highly-valued but informal partner of FEA for some years now. We are delighted to now have them as part of our structured Alliance Partner program. In the race for the FEA/Alliance Partner of the Year, Triple Point is currently the leading FEA/Alliance Partner with exceptional year-to-date sales."
Peter Armstrong, Director of Business Development for Triple Point Technology, said "FEA has become the standard for the energy industry for option pricing and risk management tools; when we were faced with the decision of building in-house or outsourcing, FEA made that decision very easy for us. By integrating their leading-edge analytics and VaR software, we are able to provide our clients with the latest developments quickly. Partnering with an analytics specialist enables us to focus on the development and integration of trading solutions."
About the FEA/Alliance Partner Programs
The FEA/Alliance Partner programs represent a commitment to excellence, encompassing products, integration services, and corporate focus. Only leading companies whose products incorporate FEA analytics, and IT professionals who integrate FEA products, will be certified by FEA and will earn the right to use the FEA/Alliance Partner, FEA/Inside, and FEA/Integrator designations and logos. Triple Point and their strong TEMPEST product line are outstanding members of this distinguished group.
About FEA
FEA's @ENERGY delivers pricing, hedging, and risk management for energy and power derivatives. @ENERGY is a set of add-in functions for proprietary systems such as Triple Point's TEMPEST 2000 or for Microsoft Excel which evaluate derivative instruments used in the power, natural gas, oil, coal, metal, and soft commodity industries. Berkeley, California-based Financial Engineering Associates, Inc.'s mission is to provide the trading and investment community with high-quality analytical tools for the valuation and risk management of derivative securities. The company aims to be the primary purveyor of, and authority on, models for derivative products. Clients include over 550 financial institutions, including energy firms, money center banks, Fortune 500 companies, trading enterprises, and cutting-edge financial firms worldwide. For more information, see http://www.fea.com/.
About Triple Point Technology
Triple Point's Internet-enabled, Windows-based commodity trading business system TEMPEST 2000 supports the physical and derivative trading of oil and related energy products. The system integrates front-office trading functions with back-office operations and provides trade processing, real-time position and risk management, scenario analysis, mark-to-market profit/loss reporting, contract administration, physical scheduling, traffic operations, inventory management, trade settlement, invoicing and financial operations, and customer credit analysis.
Triple Point Technology, Inc. (www.tpt.com) provides fully-integrated commodities trading business systems to major oil companies, investment banks, utilities, metal producers, and other global trading organizations. The company leverages technical, business, and trading expertise to help customers reengineer their business processes and develop efficient commodities trading business systems.
Founded in 1993, Triple Point is headquartered in Westport, Connecticut and operates satellite offices in New York, Houston, London, and Singapore. Its clients include such leading worldwide trading enterprises as ARCO Aluminum, Koch Industries, Morgan Stanley, Weyerhaeuser, Petronas, Glencore, Emirates National Oil Company (ENOC), Amerada Hess, Noranda Aluminum, DSM Hydrocarbons, Trafigura, Williams Energy, and Rudolf Wolff.
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