OpenLink, the global leader in trading, treasury and risk management solutions for the energy, commodities, corporate and financial services industries, has been named Category Winner for energy trading risk in the 2017 Chartis RiskTech100® report. This marks the second consecutive year OpenLink has taken the top spot.
Compiled through in-depth analysis by Chartis’ expert analysts, the report ranks the top 100 technology vendors in the sector. Now in its 11th year, it is acknowledged as the most comprehensive study of the world’s risk and compliance technology companies.
Peyman Mestchian, Managing Partner at Chartis, commented: “OpenLink maintained its top spot in our rankings because of its cross-asset library capabilities, broad coverage of asset classes and risk measures, front to back office functionality and reporting. We look forward to seeing the detail of its Cloud strategy as the industry moves away from its traditional on-premises approach.”
Ken Knowles, Executive Vice President of Enterprise Strategy and Business Development for OpenLink, added: “Our repeat success in Chartis’ report underscores our sustained and ongoing commitment to deliver value for our clients. In what undoubtedly have been challenging market conditions, we know that the depth and breadth of our capabilities enable them to optimize their strategic investments in our platform. As unveiled at our recent Global Client Summit, our Cloud strategy is driving transformational steps in our product roadmap and solution offering, developed in close consultation with our client base.”
OpenLink’s repeat success builds on a catalogue of accolades in recent months, including being named overall CTRM/ETRM market leader in a vendor perception audit carried out by analysts ComTech Advisory. In the Energy Risk Software Rankings, OpenLink took “Best Overall ETRM Platform” for the eleventh straight year. OpenLink was also recognized by Chartis when it was named a Category Leader in its FinTech Quadrant for Collateral Management Systems for the Trading Book in August.