STAMFORD, Conn. â Feb. 10, 2003 â TradeCapture, Inc., the foremost developer of global energy trading and risk management systems, says that Koch Supply & Trading, LP will deploy the companyâs ICTS SymphonyÃ¤ system to track and manage its global trading of crude oil and refined petroleum products.
"ICTS Symphony, a fully integrated, multi-commodity trading and risk management system, operates across the entire transaction chain and supports all physical and financial transactions including exchange-based futures and OTC derivatives," said Vincent P. Annunziata, founder and chief executive officer of TradeCapture. The software eliminates data entry and storage duplication and benefits its users with improvements in managing risk, identifying trading opportunities and overall efficiency.
"After a thorough test of the trading platforms in the market today, we selected ICTS Symphony because it integrates numerous functions within our trading organization," said Troy Honeywell, director of business analysis for Koch Supply & Trading. "We intend to use the system to precisely track and monitor the trading business and manage risk position and profit/loss information."
ICTS Symphony improves efficiency through its STP (straight-through-processing) feature, which enables traders and risk managers to make better-informed decisions faster, thereby allowing them to spend more time in the market and less time managing the information flow across their organization.
Mr. Annunziata, added, "We are very pleased that Koch Supply & Trading selected TradeCapture as its energy trading and risk management software partner. We are delighted that the company identified ICTS Symphony as its software solution to assist in managing its growing business demands, counterparty credit risk concerns and real-time information needs."