The regulatory overhauls of Dodd-Frank, EMIR and Basel III are compelling institutions to meet compliance requirements by deploying more robust risk management functions to enhance governance.
New York, NY (PRWEB) January 09, 2014
OpenLink Financial LLC (OpenLink), the global leader in Transaction Lifecycle Management (TLM) software, announced today that for the second consecutive year, it has been ranked by the readers of Risk magazine as the top technology vendor for Trading Systems - Commodities, in the 2013 Risk Technology Rankings.
Risk magazine polled derivatives and risk management technology users to nominate the leading vendors, based on the functionality, usability, performance, return on investment and reliability provided by the nominees’ offerings.
OpenLink’s commodities trading and risk management (CTRM) solutions (Endur/ Findur) provide front-to-back office support, real-time enterprise risk reporting, and unified views of positions, risk exposure and profit and loss (P&L) reporting in a single, cost-effective, efficient system. OpenLink’s comprehensive, broad coverage of physical and financial assets also attributed to its top ranking.
“Commodity trading firms are continually seeking opportunities to trade across asset classes and deal types, combining complex derivatives with physical delivery options and obligations to capture market, volatility and arbitrage opportunities,” said Ken Knowles, Executive Vice President, Product Management at OpenLink. “These forward-thinking firms are quick to deploy leading technology solutions to manage portfolios and provide timely decision-support with the benefits of a more rapid return on investment.”
”The regulatory overhauls of Dodd-Frank, EMIR and Basel III are compelling institutions to meet compliance requirements by deploying more robust risk management functions to enhance governance. In particular, there has been a renewed focus on credit risk, collateral and liquidity management and changes in operations and workflows,” said Dr. Mark Greene, OpenLink’s CEO. “We are very pleased that for the second year in a row, our trading system received this top honor. As we look ahead, we will continue to focus on helping our clients continue to manage regulatory fallout, business intelligence and self-service reporting as well as supply chain support.”
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Founded in 1992, OpenLink (http://www.openlink.com) is the global leader in Transaction Lifecycle Management (TLM) software for the commodity, energy and financial services industries. OpenLink's products address portfolio management, trading, risk management, and operations processing for both financial and physical assets.
Owned by leading private equity investment firm Hellman & Friedman, OpenLink is a global software and services business that has grown both organically and through strategic acquisitions, to achieve revenues in excess of $300 million. The company serves over 500 clients, including 12 of the world's largest commodity and energy companies, 9 of the largest financial institutions, and 11 of the largest central banks. OpenLink has 1,300 employees in 12 global offices on five continents, with headquarters outside New York City and field offices in Houston, London, Berlin, Vienna, Toronto, Moscow, São Paulo, Singapore, Dubai, and Sydney.
OpenLink has received numerous industry awards and recognition, including citations as the industry leader by Gartner and first-in-class ranking by Energy Risk magazine for Commodity/Energy Trading and Risk Management (C/ETRM) systems.