KWI unveils new energy risk system

KWI, the London-based energy risk technology company, today unveiled a newly developed suite of applications for multi-commodity trading and risk management. The system, known as K2, will replace KWI’s previous flagship product kW3000.

K2 comprises eight product components, spanning front- to back-office functions. These are compatible with legacy technology, enabling energy trading companies to match particular components to specific requirements, KWI chief executive David Bucknall told delegates at the company’s user group conference in London this morning.

The eight components are: trader desktop; deal capture and confirmation; nominations, scheduling and actuals; invoicing, settlement and cash management; curves and market data management; credit risk; asset optimisation and enterprise risk; and financial and risk reporting.

The new system also includes enhanced gas and multi-commodity capabilities, as well as a new deal-capture framework and trading-centric reporting, Bucknall added.

KWI clients signed up to use kW3000 will be able to update to K2 with no “financial penalty” when the system becomes operational in March 2004, Bucknall told RiskNews' sister publication Energy Risk (the new name for Energy & Power Risk Management).

KWI also said E.ON Benelux, the Rotterdam-based power company, has signed up for kW3000. The first phase of the project will go live on December 3 this year, with the second phase planned to begin in the new year, when E.ON Benelux will upgrade to K2. Earlier this month, PSE-Electra, the trading arm of Polskie Sieci Elektroenergetyczne (the Polish Power Grid Company) also signed up to use kW3000.

A feature article detailing the state of the energy risk technology market will appear in the December issue of Energy Risk.

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Chartis RiskTech100® 2024

The latest iteration of the Chartis RiskTech100®, a comprehensive independent study of the world’s major players in risk and compliance technology, is acknowledged as the go-to for clear, accurate analysis of the risk technology marketplace. With its…

T+1: complacency before the storm?

This paper, created by WatersTechnology in association with Gresham Technologies, outlines what the move to T+1 (next-day settlement) of broker/dealer-executed trades in the US and Canadian markets means for buy-side and sell-side firms

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here