Openlink launches next generation of commodities and financial trading and risk management solutions
NEW YORK—25 Sep 2018: ION, the largest global provider of trading, analytics and risk management solutions for capital markets, commodities and treasury management, today announced the availability of Openlink v17, the next release of Openlink’s flagship offerings for commodities trading and risk management (CTRM) and financial trading and risk management (FTRM).
This marks the latest addition to the ION Commodities and ION Treasury portfolios, comprising market-leading solutions for energy companies, commodities-intensive corporations and financial institutions.
New CTRM features of Openlink v17 are driven by the growing global demand for renewable energy, natural gas and bulk commodities like liquefied natural gas (LNG) and oil —and the pressing need to optimize processes and resources across the intricate value chains that underlie such commodities. Users can expect to perform trading and scheduling functions with renewed efficiency and deeper insights.
Openlink v17 includes significant FTRM enhancements to address the changing nature of payments—including the adoption of industry-wide innovations and standards such as SWIFT gpi for making cross-border payments in increasingly fluid markets. Users can also expect new workflows for corporate actions and collateral management process automation.
The v17 release further reflects Openlink’s continued investments in data security, an enriched user experience, and overall quality improvements that can make upgrades easier and lower total cost of ownership (TCO) for clients.
Several clients around the world, such as OMV Group of Vienna, Austria, participated in Openlink’s v17 beta program to capture early value from the evolving platform and provide feedback on new functionality. OMV is producing and marketing oil and gas, innovative energy and high-end petrochemical solutions – in a responsible way. OMV Aktiengesellschaft is one of Austria’s largest listed industrial companies.
Roland Bäck, Business Owner ETRM, at OMV Group, said, “OMV optimizes every investment in the infrastructure and technology that underlie our energy trading and risk management operations. OMV’s participation in Openlink’s v17 beta program for energy trading operations, and the ongoing exchange of ideas and suggestions between our teams, gives us the early insight and confidence we would require as we consider migrating to an enhanced platform. This head start allows us to further improve our day-to-day operations and provides opportunities to exploit major enhancements of the developments across the ETRM footprint leading to increased efficiencies.”
Rich Grossi, CEO of Openlink said, “Our clients expect their CTRM and FTRM platforms to play a major role in sustaining their competitive advantage and exceeding customers’ expectations. We designed v17 with these changing requirements in mind—so that our clients can position themselves for growth and expansion with any new market demand or regulatory shift.”
Clients may install v17 on-premises or on the cloud, with Openlink Cloud now ISO27001 certified. To learn more about specific solution features and benefits of v17, download the fact sheet.
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/.