âBiodiesel and ethanol are poised to become important elements of the energy complex over the next few years,â said Michael Schwartz, Triple Pointâs chief marketing officer. âGiven our expertise in both energy and softs, and backed by our large, growing world-class client base active in these markets, such as UBS and Vinmar, we are in a unique position to help clients with solutions to a new, growing and complex renewable fuels market.â
Commodity XL for Biofuels enables clients to profitably hedge biofuel inputs and outputs, aggregate risk across multiple commodities, easily handle new, complex trade types and derivative instruments, and combine physical and financial reporting. Users can view multiple commodity positions in real-time and monitor ancillary costs of commodity movements. Commodity XL for Biofuels streamlines operations by utilizing straight-through processing eliminating data re-entry and associated errors, integrating trading with scheduling and settlement, and managing all commodities in standard formats.
âManaging risk and hedging the relationship between feedstocks and biofuel output is important to profitable operations,â said Mike Ravo, vice president, industry solutions, Triple Point. âCommodity XL for Biofuels has energy yield equivalent curves that provide precise hedge quantities for spot and forward markets allowing traders, for example, to manage the relationships between agriculture, crude oil and refined products.â
âThe fast approaching wave of renewable fuel trading is a âperfect stormâ for Triple Point,â added Schwartz. âThe convergence of the agricultural and energy markets plays to the multi-commodity strength of the Commodity XLâ¢ platform and builds on Triple Pointâs established leadership position in both these markets.â