Epsilon to provide risk analysis to low-volume energy trading clients
NEW YORK, August 27, 2001– SunGard Trading and Risk Systems, an operating group of SunGard (NYSE: SDS), today announced that its Energy operating unit has partnered with Aquila, Inc. (NYSE:ILA) to deliver robust risk analytics from Epsilon to small utilities and energy companies through a full-service provider (FSP) framework. SunGard’s Epsilon is a straight-through energy trading, risk management and scheduling system.
The new FSP, called Risk180, is offered by Aquila’s Radius Group to low-volume energy traders at utilities, energy brokers and government agencies, who typically rely on spreadsheets for deal capture and portfolio valuation. Risk180 provides clients with a Web front-end where details can be entered once a deal is executed. Aquila performs trade capture and deal pricing, while Epsilon performs risk analysis. Aquila uses Epsilon reporting functionality to provide this information to clients on a daily, weekly and monthly basis.
Aquila is a long-time Epsilon client and had helped develop and market the solution.
David Perez, director of Aquila’s Radius group, said, "Epsilon provides an important piece to our Risk 180 service that will enable us to meet the risk capture and portfolio valuation needs of our clients and identify and mitigate the risk exposure that our clients face."
Scott Olle, president of SunGard’s Energy operating unit, said, "Low-volume energy trading companies are recognizing the benefits of robust pricing and analytics. Through the FSP model, we are able to offer that service to them at a comparable cost, minus the burden of software implementation and maintenance. Aquila’s expertise in energy trading and marketing is a win-win combination with Epsilon’s leading risk analytics."
GBST has been selected as the winner of the 2021 WatersTechnology Asia Award in the Best Back-Office Platform category for Syn~ANG, the leading trade ...View article
Profile Software, an international financial solutions provider, announced today that it has been named a category leader in Chartis’ Fintech Qu...View article