In a survey conducted by the magazine, 1000 voting forms were sent to end users and trading houses worldwide, asking them to nominate their top three software vendors, in order of preference, in a number of categories. Raft emerged as the preferred vendor in the category of credit risk.
"Due to the objective and quantitative characteristic of Energy Risk magazine's survey, the results demonstrate that we are in synch with new market challenges, and they are testimony to the success of Raft's customer-led strategy," said Karim Peermohamed, Chief Operating Officer, Financial Objects.
"Demand for energy trading and risk management software (ETRM) is now witnessing one of its biggest surges to date. This is down to the growing complexity of the energy markets, new regulatory requirements and a current trend towards integration," continued Peermohamed. "With companies now seeking to upgrade old in-house systems, coupled with a thirst for increasingly high-performing systems, software providers are having to step up to the challenge."
"Since the acquisition of Raft by Financial Objects in March of this year, the Group has continued to invest in R&D in order to deliver a software package that is efficient and accurate, to meet the evolving characteristics of the industry in terms of higher trading volumes and higher commodity prices."
Financial Objects, with Raft, delivers a comprehensive range of risk management software products based on advanced technology. Raft credit is a leading-edge credit risk management application providing enhanced credit risk management capabilities, including limit and exposure management, web reporting,Â internal counterparty scoring, energy analytics,Â sophisticated workflow as well as comprehensive collateral management. It is used by some of the largest players in the energy sector to help them to meet the new reporting requirements of the regulators, rating agencies and the Committee of Chief Risk Officers (CCRO).