Open Link Financial, Inc., ("OpenLink"), a leading provider of cross-asset trading, risk management and operations processing software solutions, announced today that Energy Risk readers have voted OpenLink the 2010 Best Vendor winner, and best knowledge in market.
"Our survey shows OpenLink continuing to outperform in the markets they serve," said Stella Farrington, Editor, Energy Risk Magazine. "They are regarded as the market leader and were deemed the preferred brand by respondents to our survey, which was borne out by the number of first places they gained across the board."
Mr. Hesselbirg, OpenLink's CEO commented on voters' own challenges to outperform in the recent volatile market environment, "As the markets continue to heal and respond to the global recession, our challenge to provide more robust, integrated solutions which dissolve silos, enabling a clear perspective of risks and opportunities, has never been more apparent. Our proven vision of supporting rigorous analysis and decision support across multiple asset classes throughout the entire trade lifecycle will continue to evolve. The market risk and opportunities resulting from demand volatility in emerging markets, the expansion of renewable fuels and alternative energy sources, the availability of non-conventional gas supplies, emissions constraints, changes in customer spending, and regulatory environments will continue to result in the need to make optimal decisions impacting the underlying value of assets and positions across all disciplines."
Overall, OpenLink ranked highest in terms of number of votes cast and Number One placement in Markets, Functionality and Industries that it supports including:
1st = Market Risk: Oil
1st = Operational Risk (including Basel and MiFID)
1st = Portfolio Management
1st = Best Product Coverage
1st = Risk
1st = Integration of different data sets
1st = Degree of STP
1st = Trade Capture
1st = Overall ease of using system
1st = Best knowledge in market in which software operates
1st = Best overall ETRM platform
"We appreciate our customers and other market participants for recognizing OpenLink's capabilities across all functional areas of our organization," added Mr. Hesselbirg. "Winning best in class awards from Energy Risk for the 5th year in a row is a testament to our focus on constant improvement of our solutions, technology, business content and user experience resulting in our superior market-share. These awards validate our strategic vision and drive us to continue to be the entrepreneurial pioneer of leading solutions for the energy and commodities industries."
End users from banks, energy trading companies, oil/gas houses, hedge funds, brokerage houses, utilities, energy producers and many others voted to select the best vendors in the space. The Energy Risk survey assesses software vendors based on the functionality, usability, performance, and reliability of solutions by conducting an online poll of industry users of energy trading and risk management tools. The 2010 survey also focused on assessing solution attributes, such as adaptability to new markets and products, increased physical functionality, advances in analytics, degree of commodity coverage, and real- time functionality.