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Triple Point Research Shows 90% of Energy Company Respondents’ Trading and Risk Management Systems Fail to Meet Current Needs

Volatile and Complex Energy Markets Demand Advanced Trading and Risk Management Systems But Only 10% of Companies Have Them

Triple Point Technology, the leading global supplier of cross-industry software solutions for the supply, trading, marketing, and movement of commodities, released today the results of a recent research poll of natural gas marketers and trading companies. When posed the question, “Are your current energy trading and risk management (“ETRM”) systems meeting your organization’s needs?” A resounding 90% replied “No.”

“Triple Point’s poll results are evidence that the market is now in strong replacement phase, as was indicated by our late 2005 report, Evaluation and Benchmarking of Natural Gas Software Application Usage in North American Energy Companies,” stated Patrick Reames, vice president, energy trading and risk management, UtiliPoint International. “The majority of companies have recognized a need to update their ETRM software applications. Sustained high commodity prices and increased volatility in the market over the last year have forced companies to examine the risks associated with managing their business in outdated applications and have highlighted the need for advanced systems.”

“More and more companies are realizing the need for a real-time, enterprise-wide, fully-integrated energy trading and risk management system,” said Michael Schwartz, chief marketing officer for Triple Point Technology. “These systems are not optional in today’s complex energy markets and the speed an organization moves to a next-generation platform could very well be the difference between its success and failure.”

Triple Point Commodity XL™ is the only true next-generation solution, built specifically from the ground up for high-volume, complex transaction management organizations. It meets all the requirements for trading in today's highly volatile environment: multi-commodity capabilities, real-time integration of physical and financial positions, comprehensive risk management, and scalability. Comprised of a family of commodity-specific products that can be deployed alone or in seamless combination with each other, Commodity XL manages every aspect of global cross-industry supply, trading, marketing, and logistics operations.