Indiana Grain Company, LLC

Posted: 07/01/10

By: tomgrisafi

Triple Point Technology announced today general availability of Commodity XL for European Gas 8.0. Commodity XL 8.0 leverages European Federation of Energy Traders (EFET) standards to provide expanded and integrated functionality across deal capture, pricing, position management, valuation, scheduling, and settlement for UK and Continental European gas.

Triple Point is a noted CTRM leader in the European market. A CommodityPoint report titled 'Triple Point's European Success Story,' observed that, "Triple Point has been remarkably successful at establishing itself as among the most widely recognized and successful commodity trading and risk management software vendors in Europe. The software company's success is largely attributed to key acquisitions that expanded its product suite across counterparty credit and regulatory risk management, a valuable alliance with SAP, and the addition of key staff to support local clients and drive expansion."

"At the end of 2009, Triple Point acquired Enerbility, the pioneer in using EFET standards to automate back-office processes in the energy trading industry," said Roger Walton, VP, European Field Operations, Triple Point. "The release of 8.0 leverages the Enerbility acquisition, furthering Triple Point's product advantage in the European markets, and will fuel continued and rapid expansion throughout Europe."