RiskAdvisory and Softsmith form energy jv

RiskAdvisory's BookRunner is a risk management tool that has multi-currency capabilities and runs across a range of commodities, including gas, power and crude. The product, devised by practicing risk management professionals, includes a simulation-based, earnings-at-risk model. SoftSmith's e-Merchant system is an electricity trading and scheduling system that allows users to trade across a range of energy sector commodities.

The companies expect to roll out the product in the next six weeks, initially marketing it to their existing clients.

Brian Nicholson of RiskAdvisory said that although there is still a lot of testing to be carried out on the technical compatibility of both systems, the firms do not expect there to be any significant problems with integration.

"Today's announcement represents RiskAdvisory and SoftSmiths' commitment to provide our joint customers a one-stop source for the technology and expertise they need," said Hugo Stappers of SoftSmiths.

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