OpenLink Enhances Ability to Execute Across Russia and Commonwealth of Independent States
Moscow, Russia - 21 July 2011
New partnership helps bring scalable and adaptable solutions to meet increased regulatory and reporting demands of complex commodities and derivatives portfolios.
Open Link Financial, Inc. (OpenLink), a leading provider of cross-asset trading, risk management and operations processing software, announces today that it has reached a strategic agreement with Step Logic as a value added reseller (VAR), IT project management and technical support services for OpenLink’s systems across Russia and the Commonwealth of Independent States (CIS).
With the signing of this agreement, OpenLink, via Step Logic will concentrate on expanding their footprint in both the energy and financial industries of these emerging markets.
Russian and CIS participants will especially benefit from OpenLink’s:
• Adaptability and flexibility as they respond to increased regulation and reporting requirements
• Straight through processing (STP) and transaction management environment which will allow complete transparency and auditability for each and every aspect of their transaction lifecycles
• Advanced derivatives and commodity analytics for their complex portfolios
• Treasury management solutions for corporates with derivatives and commodities exposures
• Integrated resources and asset management capabilities
To further aid market participants interested in the Russian market, OpenLink recently launched a Russian language website (visit us here) demonstrating their global suite of solutions which are designed to fulfill currently required functionality, and are agile enough to meet any emerging needs of these markets and regions as they evolve.
“OpenLink provides a unique solution because it can quickly adapt to the characteristics of the Russian and CIS region’s financial and energy markets. We are pleased to be able to offer our clients a flexible, scalable solution that can be easily integrated within an organization’s existing system,” said Sergey Polovnikov, the Managing Director of Step Logic.
“We see great potential in Russia and the CIS, as they continue to be reshaped and evolve. Market participants will require strong partners with proven track records to help them maneuver through these challenging dynamics. We look forward to working with Step Logic to bring our client-focused, responsive technology to the region leveraging their experience in IT project management and local expertise,” said Dr. Markus Seiser, Managing Director, OpenLink Central Europe.
OpenLink recently held a webinar addressing the concerns of the Russian market, “Assessing Supply and Demand Dynamics for Energy Commodities in Russia”.