Contigo, Energy Trading and Risk Management (ETRM) solutions provider for the European power and gas markets, has worked with award-winning energy and commodity analytics specialist, Lacima, to offer a new risk engine embedded in its enTrader® ETRM system.
Lacima is a widely recognised energy and commodity analytics software provider, and this is the first time that the company has embedded part of its risk functionality into an ETRM system. The new enTrader® Analytics Module calculates Value at Risk (VaR) at any given time, giving risk mangers the information they need to put into place appropriate risk management strategies.
The easy-to-use module, which is fully integrated into enTrader®, supports European power and gas markets, in multiple currencies, and allows fast and accurate calculation of risk metrics, with comprehensive risk reporting capabilities. It provides the risk metrics automatically, in near real-time, and in a way which can be tailored to the specific requirements of the organisation. The risk calculation can be viewed across all trades, or broken down by commodity, region or even trading desk, to give risk managers information on their exposure to risk at any given time.
Contigo managing director, Adrian Bullock, comments: “Risk management is becoming even more important in today’s complex and challenging energy market. As the provider of modern energy trading software solutions, we wanted to create a best-of-breed risk module for our software. We are delighted to have worked with leading analytics specialist, Lacima to achieve this. Our enTrader® Analytics Module will support businesses in their decision-making for profitability and growth, through its VaR analysis.”
CEO and Lacima co-founder, Chris Strickland, comments: “We are excited to have worked with Contigo to embed Lacima’s risk technology into enTrader®; together it produces a seamless integration between deal and data capture and the calculation of risk metrics. It eliminates the need for users to ‘bolt on’ risk engines, as they currently do with most other ETRM vendors to get sophisticated risk analytics, and we believe that this will provide a major advantage.”
Contigo is a leading supplier of Energy Trading and Risk Management (ETRM) solutions, based in the UK. It develops and maintains a range of complementary energy trading software solutions for the European energy market, which includes: enTrader®, its award-winning* ETRM solution; enVoy, an integrated energy nomination and scheduling platform; and enPrice, its energy supply contract pricing software.
Using the latest technology and delivered in the cloud, or on premise, Contigo software solutions can be implemented quickly and with low risk. They feature advanced capabilities to manage any point in the energy value chain, including generation, wholesale and retail trading. Its software is designed to be easy to use and flexible, so that it can adapt with businesses, without the need for costly re-configuration.
Contigo is a business unit of Trayport Limited, the provider of the Trayport GlobalVision Trading Gateway; an execution platform for gas, power, oil, coal, carbon and freight across all European markets.
enTrader® is preconfigured for the European energy market, and is fully integrated with Trayport’s GlobalVision Trading Gateway. It can be deployed in hours and be fully implemented in as little as eight weeks. Contigo supports the market configuration as a service, so users do not need to continually maintain a complicated set of standing data as new products and instruments appear in the market.
enTrader® has been designed for flexibility, and so, as the market changes, or as a business’s trading requirements change, it can be adapted to allow the business to take advantage of new opportunities. It has been designed to simplify energy trading with its modern approach and smart architecture.
* Excellence in CTRM Software Award, Commodity Business Awards 2013
Lacima is a specialist provider of risk management, valuation and optimisation software and services for multi-commodity trading organisations. It helps organisations to maximise profit potential and make more informed decisions by providing tools that yield more accurate valuations, hedging analysis and risk exposure analysis of portfolios of financial contracts and physical assets.
It is widely recognised as the leading risk analytics specialist and has won Energy Risk Awards for the last four years.
Clients of its software and services include: structuring, valuation and risk teams in vertically integrated energy companies, energy retailers, financial institutions and large energy consumers in Europe, North America and Australasia.
Its software solutions have been developed and implemented by peer-recognised experts in energy analytics, offering an unparalleled level of expertise and personalised support.