Openlink launches cloud-based Risk Analytics Service offering for commodities trading and risk management
NEW YORK—27 June 2018: ION, the largest global provider of trading, analytics and risk management solutions for capital markets, commodities and treasury management, today announced the release of a new cloud-based Risk Analytics Service offering for Openlink Rightangle clients. This marks the latest enhancement to the ION Commodities portfolio, an evolving set of market-leading commodities trading and risk management (CTRM) solutions.
As energy and commodity-intensive companies expand trading in physical and financial commodities, they seek tools to support sophisticated Value at Risk (VaR) calculations, stress testing and reporting—any time of day or night, and as often as needed. The Risk Analytics Service offering, which runs in the Openlink Cloud environment, is fully integrated with any on-premises or cloud installation of Rightangle S16 and provides unlimited computing power to support end-of-day and intraday analysis and reporting. Clients can seamlessly synchronize and organize data from disparate systems for faster data analysis, leading to more efficient, proactive and effective decision-making.
Houston, Texas, based Crestwood Equity Partners LP (NYSE: CEQP) is a master limited partnership that owns and operates midstream businesses in multiple unconventional shale resource plays across the United States. Crestwood Equity Partners is engaged in the gathering, processing, treating, compression, storage and transportation of natural gas; storage, transportation, terminalling, and marketing of NGLs; and gathering, storage, terminalling and marketing of crude oil.
Crestwood Equity’s commercial team—including accounting, trading, marketing and risk management professionals—became an early partner in evaluating and evolving the Risk Analytics Service offering. Early use enabled the Crestwood Equity team to better understand how the Service could provide additional value in recognizing risks and identifying opportunities to generate revenue and improve margins.
Steven Dougherty, Senior Vice President and Chief Accounting Officer at Crestwood Equity Partners, said, “Our team has an insatiable appetite for all information related to commodity purchases and sales, freight, and inventory performance. With the Risk Analytics Service, information flows directly into our reporting systems and provides valuable analysis. It’s a powerful tool that helps our organization shift focus—from capturing information to analyzing information in a meaningful and value-added manner.”
“The Risk Analytics Service offering addresses mission-critical analysis and reporting needs for energy and commodity companies,” said Ji Li, Vice President of Product Management at Openlink. “Our clients must make sense of enormous amounts of data residing in multiple places. They need the flexibility to consolidate and analyze information anytime, and make sound decisions that move their business forward.”
To learn more about specific solution features and benefits of the Risk Analytics Service offering, download the fact sheet and see how Crestwood Equity is navigating new frontiers of risk management.
Openlink, a division of ION, provides award-winning solutions for trading, treasury and risk management to serve energy companies, commodity-intensive corporations, and financial services institutions—on-premises and via the Openlink Cloud.
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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/.