OpenLink, the global leader in trading and risk management solutions for the energy, commodities, corporate and financial services industries, today announced that it has been voted as the top technology vendor for commodities derivatives pricing and risk analytics and commodities trading systems (front to back office) in the Asia Risk 2016 Technology Rankings.

The Asia Risk rankings are voted on by users of technology services for banks and corporates based in Asia and run by Risk magazine, Incisive Media’s flagship financial management title.

Commenting on the success, Greg Moyle, Head of Sales for OpenLink Asia-Pacific, said: “With offices in Sydney and Singapore, OpenLink has more than a decade of experience in the region and now supports more than 85 local clients – making it one of the largest trading and risk management vendors in the APAC market. These rankings are testament to our continued commitment and great feedback from our customers and users.”

“One of the major trends of the last 12 months has been the proliferation of smaller energy commodity trading outfits across APAC, particularly South Asia and Singapore. We've seen a surge in these trading firms identifying opportunities in the space and hungry to take them. High levels of volatility put a heightened importance on managing risk, and many of these firms don’t have the manpower or technology to meet the in-house demands. OpenLink has responded to this challenge by creating more standardized and quicker to implement packaged versions of our solutions.”