HOUSTON, TX, May 14, 2002 — OpenLink has implemented Endur™ at RWE Trading Americas to capture and manage their physical and financial trading transactions for power and natural gas.
Phase two of RWE Trading Americas’ implementation will include crude oil and coal. Germany-based RWE Trading GmbH, the parent company of RWE Trading Americas, has been an OpenLink Endur client since 1999. RWE Trading Americas started trading from its Houston-based trading floor on March 8, 2002.
“Based on RWE Trading’s experience with OpenLink in Europe, we were confident that Endur could meet our specific needs here,” said Jesco von Kistowski, RWE Trading Americas’ COO and Managing Director. “Endur delivers a single multi-commodity trading solution with full front-office functionality, the most robust analytical risk and VaR tools in the market, and complete back-office integration. Plus, OpenLink was able to meet our aggressive implementation schedule, which was imperative to get us up and running quickly in North America.”
Endur is built upon OpenLink’s ADI (Adaptive, Dynamic and Integration) platform, delivering a seamless cross-market, multi-instrument solution that supports the requirements and best practices of traders, risk managers, operations professionals and technologists.
This ADI Platform allows Endur to support the most rigorous risk management requirements of firms trading within the energy, metals and soft commodities markets as well as within interest rate derivatives, fixed income securities, foreign exchange and money markets.
“We are pleased that RWE Trading had the confidence in OpenLink to extend our contract to its new trading operation in the U.S.,” said OpenLink founder and CEO Coleman Fung. “OpenLink has streamlined the implementation process to meet the most aggressive installation schedules, just as we have designed Endur to manage the most demanding trading environments. Our robust ADI trading and risk management solutions are becoming a competitive advantage for our clients as various energy and financial markets continue to converge.”
Founded in 1992, OpenLink is a solution provider of energy and financial trading and risk management systems with broad market functionality.