Major Industry Journals Cover Triple
Point's Superior Software Solutions
Triple Point was featured in many leading industry publications |
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| Current market conditions, combined with acute volatility and a stringent focus on risk
management and corporate governance have created increased demand for commodities
trading, scheduling and risk management systems. Triple Point's solution, Commodity XL, is on
the forefront of cutting-edge technology, allowing a seamless flow of data from trader to
scheduler to back-office. It's not surprising this innovative solution has been featured
extensively in the press this year. Here are some excerpts from major industry publications.
Read the full articles at www.tpt.com/commentary.asp. |
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| "Smart Solutions to Tough Problems" was
featured in Energy Risk. An interview of
Triple Point's Chief |
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Marketing Officer, Michael
Schwartz
reveals that
volatility,
regulation and
political
instability are all
putting demands
on the market.
An effective
energy trading
and risk
management
system is the
only way to
mitigate risk and
ensure corporate compliance.
Home-grown, siloed systems used to
support commodity trading cannot keep pace
in this new business environment.
Companies are recognizing that, if the
mismatch continues, they run the risk of
losing business, failing audits and incurring
excess costs. |
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| Commodities Now featured "Real Time,
Transparent Information a Must."
Economists and strategists |
debate the future
volatility of the metals’ commodities market,
citing increased global demand from China
and India. Some are bullish, some bearish,
but all agree that the ability to manage
volatility will be a key success factor for
metal
organizations.
And for the
majority of
metals
companies,
trading, risk
management
and logistics
systems have
not kept pace.
The solution is
for companies to
implement real-time, integrated trading and
risk management systems that cross
commodity groups, provide straight-through
processing for users around the globe and
offer companies the opportunity to capitalize
on market fluctuations. |
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"Trading and Risk Management Systems for
Hedge Funds" was featured in EnergyHedge. Hedge fund companies are drawn to the
energy markets because acute volatility
means
opportunity.
They must be
able to seize
opportunities in
real-time to take
advantage of
prevailing
market
conditions.
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Hedge funds
often have a
short-term need
to implement a
solution quickly to support the trade desk.
They often turn to spreadsheets—which
are not the best solution. For a single user
they can be a useful tool, but spreadsheets
tend to "fall apart"
when used as an
enterprise-wide tool. Data can't flow quickly
and accurately throughout the enterprise.
Therefore the greatest cost of individually
maintained spreadsheets is the implicit cost
of poor decisions based on faulty data.
Many hedge funds start out trading just one
commodity, but want to keep their options
open to trade additional commodities in the
future. A better alternative to spreadsheets is
to implement a system that can handle the
future need for trading multiple commodities
on a common platform. |
| Hedge funds, being extremely nimble, need
to consider how a flexible, scalable trading
and risk management system would improve
real-time data flow and empower better and
quicker decision making. |
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| "Transaction Systems Needs and Trends –
Or What Keeps Some Traders Up at Night" is
an enlightening article in The Desk. Scudder
Publishing's John Sodergreen interviewed
Triple Point's Doug Daugherty, vice president,
engineering, and asked him what's keeping
the traders up at night. "Sarbanes-Oxley, risk
management and the desire for high-test gas
storage applications" was Doug's answer. |
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Daugherty says what all the big forward-thinking
companies looked for in a system
five years ago, everybody else is now
scrambling to attain. "There are several
standard ingredients that every ETRM system
customer is looking for, that have really
become the table stakes in the systems
business. Real-time software and real-time
processes," he says. "We hear about all the
problems with multiple points of entry and
double entry, and the multiple points of failure
in the reconciliation process. Nowadays, to
handle all the multiple entry problems, you
need real-time software, simple as that."
"Additionally," he says, "we're seeing a
strong push, on the producer side and on the
retail side, to really push the window into
what I'd consider to be pure trading."
Daugherty tells us there's much less
hesitation these days for companies to define
or describe themselves as trading shops.
Trading isn't the same four-letter word that it
was four or five years ago. I think this bodes
well for software like Triple Point's that
supports high volume, structured, multi-commodity
transactions."
Lastly he notes, "In the physical gas market,
it's all about storage, storage, storage.
Everybody is making big storage plays,
whether physical or virtual." |
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Triple Point featured in The Desk issue
devoted to industry thought leaders. "Filling
in the ETRM Gaps Now and in 2007" featured
Michael Schwartz, chief marketing officer,
Triple Point, who examines future key
requirements of an ETRM system. He reflects
on how over the last couple of years the
momentum has been building for
organizations to upgrade ETRM systems.
"One Enterprise, One Solution," is a theme
he predicts will take hold in the coming year.
Companies who are faced with disparate
systems are seeing the need to have better
business intelligence tools in place to exploit
trading and supply chain profit opportunities.
One enterprise-wide trading and risk solution
allows executives to know exactly how their
business is performing at any given moment
and make adjustments accordingly. He
expects a significant investment in these
systems in 2007. |
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The Risk Desk's "Season of Surveys –
ETRM: Can't Get No Satisfaction" discussed
Triple Point's research poll which posed the
question "Are your current energy trading
and risk management systems meeting your
organization's needs?" A resounding 90%
replied "No." |
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| What is missing? Triple Point's research
has found that many ETRM systems are not
keeping pace with the increased volatility of
the commodities market and today's tighter
regulation and corporate governance
requirements. The survey also indicated that
most energy trading/marketing companies
have between three and thirteen separate
applications running in their businesses. This
article continues and lists some key criteria
to consider when evaluating a
comprehensive ETRM system. |
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| Commodities Now reviews Triple Point's
'Visual Cockpit' and how it performs the
complex natural gas scheduling functions
seamlessly, and
integrates data for
real-time, accurate
decision making. |
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The volatile
financial aspect of
natural gas trading
has been in the
business news
recently, the
physical side—
natural gas
scheduling—is
often overlooked.
Unless your business is purely financial in
nature, you must be able to analyze, manage,
and account for your physical business:
identifying long and short positions, covering
those positions through trading or storage
transactions, scheduling gas on multiple
pipelines via multiple contracts, dealing with
pipeline or market constraints, and potentially
rescheduling through multiple cycles; all
before the gas even flows. Adding to this
complexity is the need to optimize each
transaction, ensuring that not only does the
gas flow the next day, but it flows in the most
profitable way while minimizing operational
risk. |
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Triple Point's Gas Scheduling 'Visual
Cockpit' is based on an advanced graphical
scheduling model that presents all data in an
intuitive, visual format. The module is a
central control point that gives schedulers all
the information required to perform complex
scheduling—including balance, capacity,
transportation cost and other critical decision
making data—displayed in real-time on a
single screen. |
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