Energy Risk Software Rankings 2018: Openlink earns top spot for best overall energy and commodities trading platform
New York, 9 April 2018 – Openlink, an ION Investment Group company and global leader in trading, treasury and risk management solutions, earned the top spot in an annual ranking of commodity/energy trading and risk management (C/ETRM) providers—and placed number one in 10 additional categories—under the 2018 Energy Risk Software Rankings.
Openlink placed number one in the category of “Best Overall CTRM/ETRM Platform” for the twelfth time in the past 13 years. Rankings are based on information provided by a wide range of customers who responded to Risk.net’s annual C/ETRM software survey earlier this year. Openlink ranked first in the following categories (in alphabetical order):
- Best knowledge of market in which software operates
- Best overall CTRM/ETRM platform
- Carbon emissions trading
- Coal trading
- Degree of straight-through processing
- Gas trading
- Market risk: oil
- Oil trading
- Physical and financial integration
- Power trading
- Widest product coverage
Openlink’s flagship C/ETRM offerings, Endur and Rightangle, serve energy companies and commodity-intensive corporations that regularly deal with price volatility, effects of geopolitical events, and changing regulations. Seeking a “single source of the truth” on their trading and risk posture, clients increasingly must manage a broader variety of physical and financial assets and improve their ability to make strategic decisions from data—in real time.
Rich Grossi, CEO of Openlink, said, “Clients around the world inspire us to evolve our products and services and strengthen our commitment to product and delivery excellence. We are delighted that the 2018 Energy Risk rankings reflect Openlink’s deep knowledge of the market and strategic approach to addressing the unique needs of energy and commodities companies. We will find new ways to help them generate business value—whether they use an on-premises solution or the Openlink Cloud.”
Risk.net assessed responses from more than 200 risk managers, IT professionals, consultants and traders. Respondents work for oil, gas and electricity firms; consultancies and IT implementation providers; and banks, brokerages, commodity trading houses and investors.
For a summary of survey results and complete view of survey tables, visit https://www.risk.net/commodities/5461246/energy-risk-software-rankings-2018.
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About ION Group
ION Group provides mission-critical trading and workflow automation software, high-value analytics and insights, and strategic consulting to financial institutions, central banks, governments, and corporates. Our solutions and services simplify complex processes, boost efficiency, and enable better decision-making. We build long-term partnerships with our clients, helping transform their business for sustained success through continuous innovation. For more information, visit https://iongroup.com/.
About ION Commodities
ION Commodities delivers data-driven energy and commodities trading and risk management solutions across the supply chain. Our scalable ETRM and CTRM solutions equip clients to use real-time risk analytics and reporting, minimize supply chain risks, automate critical business processes, and make faster, more informed decisions. We provide full support and transparency for procurement, supply, and trading to a global community of over 1,200 clients. For more information, visit https://iongroup.com/commodities/.