Houston, TX, April 18, 2003. OpenLink, an industry leader in energy and financial trading and risk management software solutions, today announced that Calgary-based Enbridge Inc. has licensed OpenLinkâs Endur and Findur to support its natural gas, NGL, crude oil, and power transactions, as well as foreign exchange and corporate debt activities.
"The ability to upgrade our current systems to a single solution that supports these diverse, yet fundamentally linked, businesses was the key selection driver," said Vern Yu, director of financial risk management at Enbridge. "Enbridgeâs asset-rich, cross-border structure requires a robust risk management solution that has a wide breadth without sacrificing functional depth. OpenLink has shown us that their unified solution of Endur and Findur best fits these demands."
With this implementation, Enbridge will be able to provide its users with a complete cross-market, straight-through-processing deal-capture environment that leverages a common pricing and analytics engine, risk management framework, and transaction-processing environment. The result is a seamless solution that generates business intelligence that would normally require a substantial integration effort of multiple systems.
"Leveraging the functionality of Endur and Findur will enable Enbridge to use a single solution to manage all of its market and credit exposures," said Matthew Frye, managing director of OpenLinkâs Houston division. "This upgrade of their front- to back-office risk management infrastructure will provide an adaptable foundation that isnât available within any other energy commodity software offering."
Endur and Findur -- widely used in the global energy and financial markets, respectively -- can be implemented as one solution to support a diverse range of transaction types and provide a consolidated view of an organizationâs global risk exposures.
"Since both Endur and Findur products are built on a common risk management core, we can easily provide a unified solution to new customers, or seamless upgrades of capital market functionality to existing energy users," said Coleman Fung, OpenLinkâs founder and CEO. "In light of the difficult capital market environment faced by many energy firms, having the capability to seamlessly incorporate oneâs financial exposures represents yet another OpenLink advantage."