âArcLight Energy Marketing searched the market for a complete end-to-end, physical and financial solution for multiple commodities on a single platform, and after a thorough review of competing systems, Triple Point clearly proved itself the number one choice,â said Michael Settlage, AEMâs director of infrastructure and portfolio optimization. âIn addition, Triple Pointâs Quick Startâ¢ program enables us to deploy the solution in eight weeks and begin capitalizing on market opportunities in the shortest time possible.â
The Commodity XL deployment for AEM is the latest in a sustained series of major contract wins for Triple Point in the global power and gas sectors. Triple Pointâs notable power clients include: Alliant Energy, ARCIM, BG, Cinergy, City of Anaheim, GUVNL, Highland Energy, Lehman Brothers, Macquarie Bank, Old Lane, OXY, PTC, UBS and Westar Energy. Natural gas clients include: Alliant Energy, Anadarko, ARCIM, BG, Bunge, Cinergy, ConocoPhillips, Glencore, Hess, HETCO, Highland Energy, HydroWingas, Lehman Brothers, Macquarie Bank, Morgan Stanley, Old Lane, OXY, SHV and Sumitomo.
âThereâs a good reason why after conducting a thorough search of the market, all these companies continually recognize that Triple Point solutions provide the most value for their operations,â said Peter F. Armstrong, president and CEO of Triple Point Technology. âWe have engineered â and repeatedly and rapidly deployed â the only trading, risk and supply chain solution that can handle all commodities across any and all geographies on a single, real-time, next-generation platform.â
Triple Point Commodity XL allows participants in global physical and derivative commodity markets to gain unprecedented control over their trading operations. It enables straight-through processing from pricing and trade execution to logistics and financial settlement. The systemâs risk management and modeling functions enable clients to monitor, measure and control all aspects of risk in a real-time environment, thereby maximizing returns from commodity portfolios. Commodity XL is a multi-commodity platform that delivers unique functionality for each commodity you trade including oil, base and precious metals, power, natural gas, biofuels, coal, freight and softs. Each module has been specifically designed to fully support the particular requirements of that asset class. At the same time Commodity XL is a common platform that enables aggregated risk management and consolidated back office efficiencies. Commodity XL encompasses global and regional requirements to support your entire enterprise.
Commodity XL Xchange extends Triple Pointâs real-time, straight-through processing from exchange trade execution to all Commodity XL functions, including risk management, scheduling and back office processes. After rigorous testing and verification, Xchange has achieved certification from both ICE and NYMEX (New York Mercantile Exchange), ensuring the seamless transmission of accurate, real-time trade information from the exchanges directly into the Commodity XL system.