IPE Training Chooses OILspace ASPect Office For Energy Risk Training

IPE Training Ltd, a subsidiary of the IPE, Europes leading energy futures and options exchange, has chosen OILspace ASPect Office as the official risk management system used in energy derivatives and physical energy market training courses globally.

NEW YORK, NY; LONDON (PRWEB) May 27, 2004 -- IPE Training Ltd, a subsidiary of the IPE, Europes leading energy futures and options exchange, has chosen OILspace ASPect Office as the official risk management system used in energy derivatives and physical energy market training courses globally.

IPE Training is committed to providing quality courses delivered by industry experts that promote market awareness; hedging, trading and IPE contract opportunities. Participants discover how fluctuating energy prices impact trading strategies and ultimately profits. Energy producers, suppliers, distributors, end users and investors use the IPE to price, trade and hedge energy risk.

ASPect Office delivers front-through-back-office solutions that meet the critical challenges of moving crude oil, natural gas and refined products through complex marketing and supply channels. Its risk management, profit and loss, and pricing and analytics components, combined, offer the right choice for IPE Training because of the technologys flexibility, accessibility and ease of use. Each component of ASPect Office can be accessed from any Web browser and also includes position keeping, order management, operations, logistics, inventory management and accounting components. This is unlike the majority of industry systems that are client-server based and require expensive, time-consuming hardware and software installations. Users simply log-on to ASPect Office with a secure password. (Visit www.oilspace.com for more information about ASPect Office and to save 10% OFF IPE Courses.)

For IPEs extensive training schedule, this alternative is very important as it enables instructors to rollout real-world examples in a hands-on environment, no matter where the courses are held.

According to David Ford, Managing Director of IPE Training, OILspace allows us a maintenance-free approach to accessing leading technology that benefits todays petroleum buyers and sellers. Were able to keep our resources focused on training and exercises to ensure a superior learning environment."

Participants enter trades, track positions with mark-to-market reports, assess value-at-risk across business units, offices and time zones. And for many trading firms whose offices are spread out across the world -- operating in different currencies, product specifications, and time zones can pose real dilemmas that result in significant financial losses," says Suzanne Taylor, Consultant Lecturer for the IPE.

ASPect Office allows IPE Training to use only the components required in their course itinerary -- without the middle and back office functionality. This is not unlike the specific needs of many oil businesses that have sound front, middle or back-end systems -- but experience problems in one of these areas that plague the entire operation. The architecture of the technology that drives ASPect Office enables seamless integration of its individual components providing plug-in solutions" that adapt to current software and hardware investments. (See http://www.oilspace.com/architecture/architecture.shtml for a detailed view of OILspace technology.)

The pricing and analytics used in ASPect Office are from OILspaces market data service OILwatch, the global real-time and historical Internet information center distributing IPE, NYMEX, Platts, Dow Jones, BBC Monitoring, OPIS and other key benchmarks. It feeds into ASPect Office and is used in IPE training courses for real-time prices based on current market scenarios.

Using a live risk management system gives our course delegates a more realistic view of how different types of risk are measured. Were able to conduct intricate trading games -- enhancing the value of courses even more," says Ms. Taylor.

Were pleased IPE Training chose our risk management solution. Its an honor to be associated with this reputable organization. Course participants will come away with a real hands-on understanding of how deals are entered, tracked and distributed throughout organizations in real time," says Brigette Gebhard, Director of Global Marketing for OILspace.

About OILspace
OILspace is headquartered in NY with offices in London, Moscow and Singapore. Its the leading global provider of web service applications for oil and gas trading, marketing and supply operations. Starting in 1999, OILspace now provides web services to the worlds largest companies including ChevronTexaco, ExxonMobil, Shell, Total, Petrobras, Trafigura, Lukoil, and Statoil. OILspace employs over 150 staff serving hundreds of clients of all sizes and roles within the energy supply chain. Other OILspace products include OILwatch, a market information center that serves as one single access point for real time and historical wholesale, spot and futures prices and news from leading worldwide media. It also features advanced analytical charting tools for traders. OILspace TeamWorks provides a powerful collaborative environment for brokers and traders and reveals real-time global tanker fixtures and positions for visibility of 80% of the worlds tonnage. Cargo traders are able to make swift, informed and profitable decisions to win tenders over competitors.

About IPE Training
The IPE, Europes leading energy futures and options exchange, provides a unique opportunity to learn from professionals at the heart of the market. Training is for hedging, supply trading, and speculative trading and for investment purposes. IPE Training courses provide the basis for career-long success and cover a wide range of basic and advanced levels and types of courses to suit the markets diverse needs. Training courses are held at IPEs Training Centre in London, or can be brought in-house and tailored for individual companies. For a compete schedule of IPE courses visit www.theipe.com or call +44 20 7265 3745.

For more information contact:
OILspace
Brigette Gebhard
Tel: 732-797-0046