STAMFORD, Conn. - June 18, 2003 -- TradeCapture, Inc., the leading developer of global energy trading and risk management systems, announced today that Centaurus Energy, L.P. will be utilizing TradeCapture's ICTS Symphony* to manage its energy derivatives trading business.
Centaurus Energy is a hedge fund founded in 2002, by former Enron energy trader John Arnold and is based in Houston, TX. "We are active players in the energy derivatives and futures market and were in search of a system that could handle our fast-paced trading environment. After a review of the energy trading systems in the market today, we decided upon ICTS Symphony because its ease of use and integrated applications offered us the best opportunity to manage our trading functions more efficiently and streamline our business operations," noted John Arnold, Principal, at Centaurus. ICTS Symphony will improve efficiency through its distinctive STP (straight-through-processing) feature, which will enable 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.
ICTS Symphony is a fully integrated web-enabled multi-commodity trading and risk management system that operates across the entire transaction chain and supports all Physicals, Swaps, Futures, OTC Options and Exchange Traded Options. The software pinpoints the value of a position in real-time, precisely tracks the total risk position under any given set of transaction variables and manages all paper and physical transactions in one system. It eliminates data entry and duplication and benefits its users with improvements in managing risk, identifying trading opportunities and reduced transaction costs.
"We are very pleased that Centaurus has selected TradeCapture as its energy trading and risk management software partner. Due to its dynamic and expanding business, Centaurus was in search of state-of-the-art technologies to more efficiently manage their derivatives transactions. We are delighted they identified ICTS Symphony as their software solution," said Vincent P. Annunziata, founder and CEO of TradeCapture. Centaurus becomes the first hedge fund to use ICTS Symphony and further extends TradeCapture's business and presence in the derivatives and futures market.
About TradeCapture: Founded in 1997, TradeCapture, Inc. is a leading global provider of web-enabled solutions designed and developed for companies in the field of commodity trading and transaction management. TradeCapture's flagship product is the integrated commodity trading system, ICTS Symphony(tm), for straight-through-processing of commodities transactions. TradeCapture's B2B Exchange Tools* function as an "off the shelf" electronic exchange to trade physical commodities, futures and related derivative products. Linked together, these two products provide a comprehensive front-end to back-end electronic solution for the commodities trading industry. TradeCapture is also a leading provider in the area of Consulting Services for commodity trading organizations, offering such services as outsourcing, systems integration/selection and workflow analysis. By combining its proprietary software with its consulting services, TradeCapture provides unprecedented trading solutions to clients such as Platts, NYMEX, ChevronTexaco, Koch Supply & Trading, Mitsubishi Corp., Sinochem, Northwest Airlines, AGIP Petroli, Enel, PMI Comercio Internacional and many others. TradeCapture is headquartered in Stamford, Conn. and has offices in Houston, London, Rome and Singapore. TradeCapture received the award for Ernst & Young's 2002 Emerging Entrepreneur of the Year for the Southwestern Conn./N.Y. Hudson Valley region.