NEW YORK, June 27, 2018 /PRNewswire/ -- ION, the largest
global provider of trading, analytics and risk management solutions
for capital markets, commodities and treasury management, today
announced the release of a new cloud-based Risk Analytics Service
offering for Openlink Rightangle clients. This marks the
latest enhancement to the ION Commodities portfolio, an evolving
set of market-leading commodities trading and risk management
(CTRM) solutions.
As energy and commodity-intensive companies expand trading in
physical and financial commodities, they seek tools to support
sophisticated Value at Risk (VaR) calculations, stress testing and
reporting—any time of day or night, and as often as needed.
The Risk Analytics Service offering, which runs in the Openlink
Cloud environment, is fully integrated with any on-premises or
cloud installation of Rightangle S16 and provides unlimited
computing power to support end-of-day and intraday analysis and
reporting. Clients can seamlessly synchronize and organize
data from disparate systems for faster data analysis, leading to
more efficient, proactive and effective decision-making.
Houston, Texas, based Crestwood
Equity Partners LP (NYSE: CEQP) is a master limited partnership
that owns and operates midstream businesses in multiple
unconventional shale resource plays across the United States. Crestwood Equity
Partners is engaged in the gathering, processing, treating,
compression, storage and transportation of natural gas; storage,
transportation, terminalling, and marketing of NGLs; and gathering,
storage, terminalling and marketing of crude oil.
Crestwood Equity's commercial team—including accounting,
trading, marketing and risk management professionals—became an
early partner in evaluating and evolving the Risk Analytics Service
offering. Early use enabled the Crestwood Equity team to
better understand how the Service could provide additional value in
recognizing risks and identifying opportunities to generate revenue
and improve margins.
Steven Dougherty, Senior Vice
President and Chief Accounting Officer at Crestwood Equity
Partners, said, "Our team has an insatiable appetite for all
information related to commodity purchases and sales, freight, and
inventory performance. With the Risk Analytics Service,
information flows directly into our reporting systems and provides
valuable analysis. It's a powerful tool that helps our
organization shift focus—from capturing information to analyzing
information in a meaningful and value-added manner."
"The Risk Analytics Service offering addresses mission-critical
analysis and reporting needs for energy and commodity companies,"
said Ji Li, Vice President of
Product Management at Openlink. "Our clients must make sense
of enormous amounts of data residing in multiple places. They
need the flexibility to consolidate and analyze information
anytime, and make sound decisions that move their business
forward."
To learn more about specific solution features and benefits of
the Risk Analytics Service offering, download the fact sheet and
see how Crestwood Equity is navigating new frontiers of risk
management.
About Openlink
Openlink (www.openlink.com), a
division of ION, provides award-winning solutions for trading,
treasury and risk management to serve energy companies,
commodity-intensive corporations, and financial services
institutions—on-premises and via the Openlink Cloud.
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