Triple Point Technology, the leading global supplier of cross-industry software platforms for the supply, trading, marketing and movement of commodities, announced today that Butte, Montana-based Highland Energy LLC has chosen Triple Point Commodity XLTM for Power and Gas to handle its energy commodity trading and risk management, as well as Triple Point Power Scheduling âVisual Cockpitââ¢ to manage its physical power scheduling and logistics.
âHighland Energy made this selection based on Triple Pointâs in-depth knowledge of the complex, volatile physical and financial power and gas markets, as well as our proven ability to deploy world-class trading, scheduling and risk management systems on time and on budget,â said Michael Schwartz, chief marketing officer, Triple Point Technology. âHighland went from contract signing to full production in three months. Since introducing the Quick Start program, several clients have achieved full production in less than four months including Lehman Brothers, Bear Stearns and Macquarie Bank.â
âHighland Energy required a sophisticated, real-time, next-generation software system that manages and executes accurate, high-volume trades and schedules, and Triple Point delivered that,â said Bryan Bradshaw, president of Highland Energy LLC. âIn addition, Triple Pointâs Quick Start program enabled us to get up and running in the aggressive time frame that we required.â
Triple Point Commodity XL for Powerâ¢ allows generators, traders, marketers, utilities and other participants in global physical and derivative power markets to gain unprecedented control over their global trading operations. It enables straight-through processing from pricing and trade execution to physical transmission scheduling, generation dispatch and financial settlement. The systemâs risk management and modeling functions also enable clients to monitor, measure and control all aspects of power market risk (price, load, volumetric, outage rates, credit, delivery, etc.) in a real-time environment, thereby maximizing returns from generation and load portfolios.
Triple Point Commodity XL for Gasâ¢ handles all the complexities of physical and financial trading, risk management and scheduling on a single platform for participants in global natural gas markets, including trading and marketing firms, pipelines, producers, large consumers, wholesalers and local distribution companies. It supports all physical and financial gas trading activity including swaps, options, futures, physical forwards, structured deals and full requirement supply contracts. The system automates the confirmation and nomination processes, the scheduling and physical movement of natural gas to fulfill supply and distribution obligations, the settlement of physical and financial transactions, and the forecast and management of cash.