Triple Point launches upgrade of energy trading system

The new version offers a complete front-to-back office solution for energy traders encompassing trading, advanced risk management, financial settlement and invoicing.

Triple Point also launched Gas XL yesterday, an enterprise-wide transaction processing and risk management system for the natural gas markets. Gas XL supports all physical and financial gas trading activity, including swaps, options, futures, physical forwards and structured deals.

Power XL and Gas XL are built on Triple Point’s XL platform. The products can be deployed alone or in combination with each other and Tempest XL, Triple Point’s flagship oil trading system.

Clients of Triple Point include the bank Morgan Stanley, and energy companies Amerada Hess, Duke Energy and Cinergy.

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