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Reliance Chooses Triple Point Oil Trading and Risk

Triple Point Technology, the leading global supplier of cross-industry commodity trading, risk management and logistics software platforms, announced today that Reliance Industries Limited, India's largest private sector enterprise, has chosen Triple Point Commodity XL for Oil™ to handle its quickly expanding global operations. Reliance has also selected Commodity XL Management DashboardTM, an add-on module that provides critical business intelligence.

Reliance has been working with Triple Point Technology for a number of years and will be able to take advantage of its global footprint, including a substantial presence in India, as well as a proven delivery team.

Commodity XL has been adopted by leading energy companies, financial institutions, agriculture organizations, biofuel groups and commodity trading houses. It is the only true next-generation solution built specifically from the ground up for high-volume, complex transaction management organizations. Commodity XL 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 the most advanced architecture. 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.

Commodity XL Management Dashboard is a business intelligence solution for executives that aggregates data from a variety of functions, providing sophisticated analytic tools and creating a real-time graphical depiction of the business. It drives intelligent decision-making by supplying management with key performance indicators (KPIs) and real-time business insight.