ION Commodities Named CTRM Software House of the Year at Energy Risk Awards 2022
- Risk Management
- 10.05.2022 01:20 pm
ION Commodities, a global leader in energy and commodity management solutions, has been named Commodity Trading and Risk Management (CTRM) Software House of the Year by Risk.net.
Each year, Risk.net - the world's leading source of in-depth news and analysis on complex markets – hosts the Energy Risk Awards to recognize excellence in risk management across the financial and commodities sectors. The Energy Risk Awards are the longest-running and most prestigious awards for firms and individuals involved in risk transfer markets and in risk management.
ION Commodities was named CTRM Software House of the Year amid 14 other top firms in the industry. The nominees were judged on their risk management capabilities, innovation, technology, and achievements in 2021. ION Commodities offers a comprehensive portfolio of trading, risk management, and innovative decision support solutions that use data for unique business insights and supply chain optimization in complex and volatile markets.
“This year, ION Commodities stood out in the energy space for the breadth and depth of its capabilities and its innovative forward-looking approach to the market, helping businesses navigate both the energy transition and evolving markets” said Stella Farrington, Energy Risk at Risk.net.
As the world transitions to net zero emissions, ION Commodities strives to be organizations’ partner of choice by delivering best-in-class trading and risk solutions across the energy and commodity value chain. In 2021, ION Commodities launched 15 new major product offerings to help businesses navigate energy transition and evolving commodity markets. These innovations include trading and risk management for the liquefaction and regasification of liquefied natural gas, algo trading support, predictive pathing using machine learning for natural gas, tools for managing power purchase agreements and carbon credit trading. With over 50% of its workforce dedicated to research and development, ION Commodities continues to invest substantially in innovation to support businesses on their digital transformation journeys.
"We thank Risk.net for recognizing our leading role in connecting the industry and engaging with our over 30,000 end users to shape the future of energy and commodities management. This award demonstrates our clients’ trust in our ability to innovate as markets evolve,” says Richard Grossi, Chief Executive Officer at ION Corporates.