Triple Point Launches New Product for Emissions Trading and Management
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WESTPORT, CT and LONDON, Jun 26 (MARKET WIRE) --
Triple Point Technology(R), the leading global provider of multi-market
commodity and enterprise risk management software solutions, announced
today Commodity XL for Emissions(TM). Commodity XL for Emissions enables
organizations to track, manage, analyze, comply and report against all
regulatory schemes around the world including the EU Emissions Trading
Scheme (EUETS), National Greenhouse and Energy Reporting Scheme (NGERS),
US Regional Greenhouse Gas Initiative (RGGI) and California Climate
Action Registry (CCAR).
"Many analysts forecast emissions to become the most widely traded
derivative product in the next 20 years, surpassing even T-Bills with the
market growing to over US$3 trillion," said Michael Schwartz, chief
marketing officer, Triple Point. "Emissions management is a corporate
governance and compliance issue for our customers but it also offers a
potentially large trading opportunity when handled with a sophisticated,
multi-commodity platform such as Commodity XL."
Commodity XL for Emissions is the only solution that handles the full
scope of emissions trading and management across all regulatory schemes
on a multi-commodity platform. It is the most sophisticated and flexible
system available that supports organizational corporate governance
strategies in the quickly evolving emissions market. Commodity XL for
Emissions tracks position by installation, business line, company,
country or any other hierarchical level enabling identification of any
shortfalls or surpluses in compliance position. This ensures timely and
accurate reporting to regulatory bodies. Commodity XL for Emissions
provides what-if scenario analysis to optimize abatement strategies, fuel
switching alternatives and trading programs.
Key Benefits:
-- Comply and report against all regulatory requirements including EUETS,
NGERS, RGGI, CCAR
-- Track and manage emission and allowance portfolios in real-time
-- Enhance abatement and trade strategies using what-if scenarios
-- Identify shortfalls or surpluses in compliance position
-- Avoid penalties for non-compliance
"Commodity XL was designed from its initial stage as a multi-commodity
platform with the intent that new assets classes, such as biofuels and
emissions, would be added as commodity markets evolved," noted Mike Ravo,
VP, industry solutions, Triple Point. "Emissions are a by-product of
fossil fuel usage and are quickly becoming a critical element in managing
a risk portfolio."
About Commodity XL
Commodity XL(TM) is the leading multi-market commodity and enterprise
risk management solution that meets all of the requirements for supply,
trading, marketing, logistics, scheduling, risk management and accounting
in today's volatile and complex environment: multi-commodity management,
business intelligence and analysis tools for proactive decision-making,
real-time integration of physical and financial positions, advanced
service-oriented architecture (SOA) and comprehensive enterprise risk
management covering the four key areas of corporate financial exposure:
operational risk, market/price risk, counterparty credit risk and
corporate governance and regulatory compliance risk (FAS 133/IAS 39, FAS
161 and FAS 157/IFRS 7).
About Triple Point Technology
Triple Point Technology(R) is the leading global provider of multi-market
commodity and enterprise risk management software solutions. Triple
Point's Commodity XL profitably integrates physical and financial markets
on a real-time, service-oriented architecture (SOA) platform for
commodities including power, oil, gas, coal, emissions, base and precious
metals, agricultural products, biofuels and freight. In addition to
Triple Point's award-winning commodity and energy trading software being
used by more than 25 percent of both Global 500 commodity trading and
Global 500 energy companies, other organizations with large raw material
and energy exposure, including consumer products (CP), discrete
manufacturers and big box retailers, are quickly adopting the Triple
Point solution. Named to the Deloitte Technology Fast 50 for ten straight
years, Triple Point added to its record-breaking organic growth in 2008
with the acquisitions of INSSINC, the leading provider of hedge
accounting and fair value level software and ROME Corporation, the
industry leader in credit risk software solutions. Triple Point,
headquartered in Westport, Connecticut, USA, was founded in 1993 and
serves clients from nine development and support centers located around
the globe. More information is available at www.tpt.com.
Contact:
Jennifer Jones
Tel: +1.203.291.7979
Email: Email Contact
Copyright 2009, Market Wire, All rights reserved.
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