Aquila chooses Panorama

US energy firm Aquila has selected SunGard’s Panorama system to be its cross-commodity trading and risk management system. Aquila becomes the third of the 10 largest US energy companies to select the Panorama system developed by SunGard, a global risk management and trading systems supplier.

Lori Hartman, project manager at Aquila, said it was Panorama’s flexibility that led to the decision. “Panorama’s real-time capabilities will enable our traders to make quick, fully informed decisions,” said Hartman. “Adding Panorama trading and risk support to our existing scheduling solution will significantly reduce implementation time, allowing us to more quickly realise a return on our investment.”

Aquila had been involved in the development and marketing of Panorama’s commodity scheduling component, and will use the product for real-time limit checks, portfolio management, P&L (profit and loss), credit exposure management and VAR (value at risk).

Panorama, developed by SunGard subsidiary SunGard Trading and Risk Systems, supports the entire range of commodities traded by Aquila, including power, gas, coal, C02/S02, crude and refined oil, capacity and storage, fixed income, interest rate, foreign exchange and money market instruments.