ION sees increased adoption of cloud-based solutions for commodities and energy trading and risk management
New York, 7 June 2018 – ION, the largest global provider of trading, analytics and risk management solutions for capital markets, commodities and treasury management, has positioned its ION Commodities portfolio to align with the accelerating adoption of cloud-based commodities and energy trading (CTRM and ETRM) solutions.
In the past two years, ION has seen more than 250% growth of overall cloud engagements in the C/ETRM segment, with an enhanced portfolio of offerings including TriplePoint, Aspect Enterprise Solutions and Openlink.
Aspect pioneered software-as-a-service (SaaS) in CTRM, allowing clients to move away quickly from spreadsheets to an enterprise platform that resulted in more efficient operations and better understanding of risk exposure—along with real-time reporting, forecasting, and analytics capabilities.
TriplePoint and its clients have steadily migrated from on-premise environments to a cloud solution that helps users gain actionable insights from enormous amounts of data, align with evolving security and privacy standards, and promptly comply with operational and regulatory requirements.
The launch of Openlink Cloud has enabled globally integrated enterprises with sophisticated needs to tap Openlink’s C/ETRM capabilities in accelerated timeframes.
ION’s growing client roster includes leading, diversified global commodity producers, energy trading companies, and regional midstream services providers. For example, Braskem, the largest petrochemical company in the Americas and the world’s leading biopolymer producer, has deployed the Aspect solution at its Netherlands-based naphtha trading operation. CIMA Energy has successfully migrated its C/ETRM operations to TriplePoint’s cloud environment. And Uniper is currently implementing its ETRM platform on Openlink Cloud.
ION Commodities solutions have earned significant, recent industry recognition, with Openlink winning the 2018 Energy Risk Award in the category of “ETRM/CTRM software house of the year,” and Aspect winning the 2017 Energy Risk Award in the category of “ETRM/CTRM software house of the year.” Aspect and Openlink together earned top spots in 13 categories of the 2018 Energy Risk Software Rankings, including best overall C/ETRM platform, best cloud-based C/ETRM platform, best knowledge of the market, widest product coverage, and ease of implementation.
Uniquely positioned to provide the right solution for companies of any size, budget, and IT capability, the ION Commodities portfolio of offerings builds on the strengths of its leading products and brings measurable business value to every client.
About ION Investment Group
ION provides mission-critical trading and workflow automation software solutions to financial institutions, central banks, governments and corporates. For more information, visit www.iongroup.com.
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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/.