MET Group Chooses OpenLink to Enhance Cross-Border Energy Trading and Risk Management
- Risk Management
- 15.02.2016 11:45 am
OpenLink, the global leader in trading and risk management solutions to the energy, commodities, corporate and financial services industries, announced today that MET Group has chosen OpenLink to manage its cross-border, multi-commodity energy trading risk management and REMIT reporting.
Swiss-based MET Group, specializing in multi-commodity wholesale and trading in the Central and Western European markets, selected OpenLink following extensive discussions with a number of vendors. OpenLink came out on top for the strength of its offering, the ease of implementation and its industry leading position as a provider with a long-term commitment to the energy sector. The solution will be fully operational in less than six months.
Harry Nota, Head of Energy, EMEA at OpenLink said, “MET Group is well positioned as the European energy market evolves, and it’s great be supporting them through those changes. As Europe inches ever-closer to a single energy market, cross-border trading opportunities become more frequent and more competition enters the market. Companies like MET Group are nimble enough to take advantage of these opportunities, and they’re recognizing early the need for the smartest technology to help them thrive in this new European market environment.”
MET Group is the latest in a string of recent energy wins for OpenLink across Europe, including Romande Energie in Switzerland, Lampiris in Belgium, EDS in the Republic of Macedonia, and EP Trading based in Prague.