OpenLink announces that MOL Commodity Trading Ltd. (MCT) selects solution of OpenLink Endur
New York (PRWEB), 30 September 2010
Open link financial, Inc. ("OpenLink"), a leading provider of energy, commodities Trading and risk management (ETRM/CTRM) solutions that support the entire transaction life cycle, announced today that the MOL Commodity Trading Ltd. (MCT) has selected OpenLinkâ s Endur solution to work correct control commercial activity.
MCT is a full member of the MOL, the latter is one of the largest integrated energy companies in the region.MCT will treat Endur in support of electricity, oil and financial business.
"We are delighted with the decision to deploy MCTâ Endur for administering business. designed and developed to achieve Straight-through processing in a single framework, we are proud that Endur chosen again one of the worldâ 's leading energy groups; this is another strong endorsement OpenLinkâ 's cutting-edge capabilities, our continuous investment in product development, innovation in the field of crude oil, and our presence in the CEE region," said Kevin Hesselbirg, CEO of OpenLink.
This decision is similar to recent results from OpenLinkâ 's energy management/analysis Survey scenarios where 76% of respondents indicated that this type of solution is necessary for purchasing/business operations in gas, electricity and crude portfolios.
To learn more about OpenLinkâ 's solutions for the energy and commodities, or read a recently published article â Energy Management scenarios, with Dr. Wolfgang Ferse, EPP, energy and commodities solutions, OpenLink, â which describes how traditional ETRM systems are no longer sufficient CTRM/if energy sector participants want to evaluate effective, risk management and simulation throughout the entire business, please visit: www.olf.com.
About OpenLink
Founded in 1992, OpenLink is a cross-asset trading, risk management, appropriate processing and portfolio management software solutions for goods, energy and financial services markets worldwide.
OpenLink client on more than 350 customers worldwide includes 12 of the top 25 largest commodities and energy companies by market capitalization, eight of the largest financial institutions and 11 major central banks, as well as major investment funds, commodities companies and public utilities.
Located in Long Island, New York and offices in New York, Houston, London, Berlin, Vienna, Sao Paulo, Sydney, Singapore and Toronto, OpenLink has more than 900 employees worldwide.
About MOL: Visit www.mol.hu/en to learn more about the MOL.
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Judith Peterson
OpenLink
516-394-1274
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