Triple Point Technology, Inc., the leading global supplier of
cross-industry software platforms for the supply, trading, marketing,
and movement of commodities, announced today the general availability
of Commodity XL(TM) 6.0. In independent lab testing Commodity XL,
already the highest performing ETRM system, demonstrated a 5X leap
forward in performance.
This record setting performance level enables the Triple Point
solution to provide enterprise-wide functionality and granular
decision support that is not available in competitive systems. The
ability to handle much more data faster enables Commodity XL 6.0 to
capture, make available and manage every detail of a trade, schedule,
counter-party contract, etc. at the lowest level of granularity.
"This is not an incremental improvement the engineering team has
achieved with Commodity XL 6.0. We have set the bar for how systems
will have to perform in the coming years," said Karan Renjen, vice
president, engineering, Triple Point. "The huge amount of data
required to manage a global operation and provide the best decision
support will continue to grow exponentially over the years and the
technical break-through we made in Commodity XL 6.0 will serve our
customers well."
The ability to "crunch" through larger sets of data create large
business intelligence competitive advantages which can be seen in new
functionality such as P&L attribution, risk coasters, hourly scalars
and user defined forward price curve blocks. Also, the more granular
processing of data supports our customers need for more and more
complex deal structures; Commodity XL 6.0 includes new functionality
for complex pricing formulas, the ability to view pricing details
based on component details and custom payment events. In addition,
advantages can be seen in the new globalization functionality in 6.0
including real-time FX exposure for all trade types, normalization of
price curves for different currencies and the ability to view the P&L
in single or multiple currencies.
"Trade volumes continue to grow at an astounding pace. Both NYMEX
and ICE set records in 2006, and in January NYMEX passed, for the
first time ever, 2 million contracts traded in a day," noted Mike
Ravo, vice president, industry solutions, Triple Point. "With the
rapid growth of volumes, performance becomes even more important. A
major energy company recently tested Commodity XL 6.0 in its lab and
was astounded by the performance. They haven't seen another system in
the market that comes close to these performance levels."
Commodity XL 6.0 has over 300 new functionality items across all
areas of the system. For example, the power scheduling solution has an
"intelligent" bookout wizard that analyzes open power positions and
suggests bookouts. Commodity XL 6.0 enhances its leading edge support
for compliance and control by adding data level security that enables
the securing of data down to the lowest level.
Commodity XL has been adopted by leading financial institutions,
energy companies, softs organizations and commodity trading houses. It
is the only true next-generation solution built specifically from the
ground up for high-volume, complex transaction management
organizations. Commodity XL meets all the requirements for trading in
today's highly volatile environment: multi-commodity capabilities,
real-time integration of physical and financial positions,
comprehensive risk management and scalability. Comprised of a family
of commodity-specific products that can be deployed alone or in
seamless combination with each other, Commodity XL manages every
aspect of global cross-industry supply, trading, marketing and
logistics operations.
About Triple Point Technology, Inc.
Triple Point Technology is the leader in trading, risk management,
scheduling and logistics solutions for commodities including power,
oil, gas, coal, metals, agricultural products and freight. Triple
Point Commodity XL profitably manages the complex, ever-changing
requirements of physical and financial markets. Commodity XL
integrates front-to-back office and delivers best-of-breed
functionality for the supply, trading, marketing and movement of
commodities on a single next-generation platform. Triple Point's
real-time system helps customers of all sizes streamline trade
processing, reduce transaction costs, maximize supply chain
efficiencies, precisely measure and manage market risk, evaluate
performance, and ensure regulatory and accounting compliance.
