New York (PRWEB) September 30, 2010
Open Link Financial, Inc. ("OpenLink"), a leading provider of Energy, Commodities, Trading, and Risk Management (ETRM/CTRM) solutions, which support the entire transaction lifecycle, announced today that MOL Commodity Trading Ltd. (MCT) has selected OpenLink’s Endur solution to operate proper control over trading activity.
MCT is a full member of MOL Group, the latter is one of the largest integrated energy companies in the CEE Region. MCT will utilize Endur in support of its electricity, CO2 and financial oil trading activity.
"We are delighted with MCT’s decision to deploy Endur to manage their trading business. Designed and developed to achieve straight-through-processing within a single framework, we are proud that Endur was chosen again by one of the world’s leading energy groups. This is another strong endorsement of OpenLink’s cutting edge capabilities, our continued investment in development, product innovation in the crude oil sector, and our presence in the CEE Region," said Kevin Hesselbirg, CEO of OpenLink.
This decision is congruent with recent results from OpenLink’s Energy Scenario Management/Analysis Survey where 76% of respondents indicated that this type of solution is required for the market/business activities in Gas, Power and Crude portfolios.
To learn more about OpenLink’s solutions for Energy and Commodities, or to read a recently published article “Energy Scenario Management,” featuring Dr. Wolfgang Ferse, EVP, Energy and Commodities Solutions, OpenLink, which discusses how traditional ETRM/CTRM systems are no longer sufficient if energy sector participants want to effectively assess, manage and simulate risk across the entire business, please visit: http://www.olf.com .
Founded in 1992, OpenLink is a provider of cross-asset trading, risk management, related operations processing and portfolio management software solutions for the commodity, energy and financial services markets globally.
OpenLink's client base of more than 350 customers worldwide includes 12 of the top 25 largest commodity and energy companies by market capitalization, eight of the largest financial institutions and 11 of the largest central banks, as well as major hedge funds, commodities companies and public utilities.
Headquartered on Long Island, New York and with offices in New York City, Houston, London, Berlin, Vienna, São Paulo, Sydney, Singapore and Toronto, OpenLink has more than 900 employees worldwide.
About MOL: Visit http://www.mol.hu/en to learn more about MOL.
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