New Clients Select Triple Point
Alliant Energy – a Fortune 1,000 power and
natural gas utility serving 1 million electric and
over 400,000 natural gas customers in the
Midwest, selected Commodity XL for Power
and Gas™ along with Power Scheduling 'Visual
Cockpit'™.
ARCIM Advisors, LLC – a hedge fund based in
Greenwich, CT, chose Commodity XL for Oil,
Power, Gas and Softs™. Building on the
momentum of recent wins at Old Lane,
Lehman Brothers, and other major financial
institutions, ARCIM's selection proves Triple
Point is the premier commodity trading
solution for financial organizations, both large
and small.
"We required a system that could handle
multi-commodity trading, provided real-time
analytics and risk reporting to keep us ahead
of the market, and could grow with us," said
Harry Arora, principal, ARCIM Advisors, LLC. "Triple Point's product is the best—it has a
clear edge over other offerings in the market."
Bunge Global Markets – a worldwide
agribusiness leader in the food supply chain
that stretches from grain origination to the
production of value-added food products for
the retail market, selected Commodity XL for
Oil and Gas™.
"Bunge Global Markets is a rapidly growing
division of Bunge Limited. We were looking
for a trading and risk management solution
that could be deployed quickly but also has
the capability of growing with us in the
future," said Tom Leslie, applications
development manager, Bunge Global Markets.
"We found that Triple Point's Commodity XL
has the best functionality available in the marketplace. In addition, the advanced
standards-based architecture combined with
Triple Point's hosted ASP (Application Service
Provider) platform makes it the perfect solution."
Coal and Oil Company LLC – a Dubai, United Arab Emirates based energy
trading and investment firm, has
implemented Commodity XL and
PhysOps 'Visual Cockpit'™ for its trading,
risk management and logistics
operations.
"Triple Point's system will become a vital
part of CNO's strategic, IT driven
enterprise planning, execution and
control solution," said Zulficar Ghani,
senior manager, IT, CNO. "Triple Point
provides the most advanced technology,
proven product functionality and a
reputation for service excellence."
"Our vision is to implement an overall
enterprise solution that provides CNO
with a significant business advantage;
an IT solution that is a business driver
and would enable CNO to achieve its
aggressive growth plans. And Triple
Point is a key component to achieving
superior results in our coal and oil
operations," said Mr. Ahmed Buhari, CEO
Coal and Oil.
HydroWingas Limited – an independent
company that markets gas and related
supply services throughout the UK,
chose Commodity XL for Gas™ to support
its strategic portfolio optimization
initiatives. The European natural gas
market, similar to the energy markets
worldwide, has become more
unpredictable and Commodity XL is the
only solution that enables the complete
management, measurement, control and
reporting of commodity portfolios.
"The days when large gas users
undertook an annual tendering process
as part of their yearly procurement
review have been made obsolete by a
much more complex and volatile market,
in which continuous optimization and
ongoing reviews are the keys to
successfully managing energy
portfolios," said Peter Westhof, deputy managing director, HydroWingas
Limited. "In order to maintain an
excellent service standard during our
rapid growth, HydroWingas Limited has
made a strategic investment in
Commodity XL for Gas. This will allow
HydroWingas Limited to deliver the
sophisticated products demanded by its
customers while maintaining secure
control and accurate management of its
portfolio," added Edward Stock,
business development manager,
HydroWingas Limited.
Vinmar International, Ltd. – a leader in
providing global logistical, marketing,
distribution and financial services for a
wide array of petrochemicals, fuel
components and plastics based in
Houston, Texas, chose Triple Point
Commodity XL for Oil™ along with PhysOps 'Visual Cockpit' to support biofuels, fuel
product and petrochemicals trading,
risk management and physical logistics.
"Vinmar markets approximately two
million tons of fuel products, polymers
and chemicals a year around the world.
We were looking for 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,
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, the system's
flexibility will allow it to easily grow as we
grow. In addition, Triple Point's hosted
ASP deployment model will get Vinmar up
and running quickly, without significant
infrastructure investment, minimizing the
start-up capital required." |