LONDON, April 10, 2001 à‚– OpenLink, a provider of energy and financial trading and risk management software solutions, today announced that its Endur energy solution set is compliant with the recently implemented New Electricity Trading Arrangements (NETA) in the United Kingdom.
Working with alliance partner Logica, enhancements were completed prior to NETA’s live date enabling clients to trade within the UK wholesale electricity market.
“We have been tracking the progress of the NETA implementation since the beginning and have worked closely with Logica to ensure that our current and future users would be able to capitalize on the opportunities presented under this new structure,” said Jean-Claude Riss, Managing Director of OpenLink’s European Operations. “Scottish Power and another major UK generator have both recently licensed Endur to assist them with their trading activities within this revamped wholesale market.”
OpenLink’s Endur helps manage energy trading functions and operational risk, providing users with real-time decision-making, configurability, flexibility, and scalability. Besides addressing the challenges of changing core energy markets, Endur easily provides trading and risk management support for a wide range of markets, such as coal, soft commodities, metals, currency, interest rates, emissions, weather derivatives, and bandwidth.
Founded in 1992, OpenLink has emerged as a leading developer of energy and financial trading and risk management software solutions with broad market functionality. The company’s global client base includes Bank for International Settlements, Barclays Capital, Coral Energy, Credit Lyonnais Rouse, Deutsche Bank, Dynegy Inc., Equiva Services LLC, Gaz de France, JP Morgan Chase, KeyBank, Manulife Investment, ExxonMobil Gas, Nabisco, Nexen, PanCanadian Petroleum, RWE Energie, and Texaco. Headquartered in New York, OpenLink employs more than 180 professionals worldwide and has offices in New York, London and Houston.
Logica is a leading global solutions company providing IT consultancy, systems integration, products, services and support. Logica’s clients operate across diverse markets, including telecoms, financial services, energy and utilities, industry, distribution and transport, and the public sector. Founded in 1969, Logica has over 10,000 staff in 274 countries worldwide and is listed on the London Stock Exchange where it is part of the FTSE100 index of the largest UK listed companies.