OpenLink, the global leader in trading and risk management solutions to the energy, commodities, corporate and financial services industries, has been named the leading vendor for energy trading risk in the 2016 Chartis RiskTech100® report.
The report evaluates the world’s most significant companies in the risk technology sector and is acknowledged globally as the most comprehensive and prestigious study of risk technology vendors. OpenLink’s leadership status follows a strong period of growth for the firm – signing a record over 30 new energy and commodity clients last year.
Commenting on the success, Ken Knowles, Executive Vice President of Product Management for OpenLink, said: “Further recognition in the Chartis RiskTech100® report reflects our continued commitment to investing in our products, our people, and delivery. At a time of increasing cost pressure and market volatility, more firms are looking to optimize technology investments with an integrated energy trading and risk solution that minimizes exposures and maximizes operating efficiency and profits, with enhanced decision-making analytics. We will continue to build on our leading industry expertise and standards to ensure our clients maintain a competitive edge in their respective markets.”
Peyman Mestchian, Managing Partner at Chartis, added: “OpenLink scored highly across all the areas we reviewed – cross-asset library capabilities, broad coverage of asset classes and risk measures, front to back office functionality and reporting. An area of particular strength is the integrated nature of OpenLink’s platform. We believe seamless integration between key functions such as risk, accounting and physical management is, and will continue to be, increasingly important for firms trading energy.”
The leadership position follows continued industry recognition for OpenLink, who ranked as a ‘leader’ within Gartner’s Magic Quadrant for Trading Platforms in 2015. OpenLink also took top spot for ‘Energy Trading Risk Management’ in Energy Risk’s rankings, and was voted as ‘Commodities Trading Systems Leader’ in the 2015 Risk Technology Rankings. It now has over 600 clients worldwide and solutions utilized by more than 37,000 users.