Openlink, Aspect and TriplePoint CEOs on being ION firms
Mergers and acquisitions are not uncommon in the world of commodity trading and risk management (CTRM) software, but the recent shopping spree by Ion Investment Group took even the CTRM technology market by surprise.
In just five years, Ion – owner of Openlink, Aspect Enterprise Solutions and TriplePoint – has gone from virtual unknown to the biggest player in the commodities software space. This has left customers of the three firms keen to understand what this new positioning will mean. Questions about Ion’s strategic vision also loom large, especially given the challenges of its 2013 purchase of TriplePoint.
Mark Tirschwell, TriplePoint chief executive, concedes that the firm did go quiet for a while after the deal, but he insists it is back now and looking forward to new alliances with it former competitors. Steve Hughes, chief executive officer (CEO) of Aspect, and Rich Grossi, Openlink’s CEO, are also optimistic about the next chapter in their firms’ development.
The three CEOs discuss future plans for the companies’ four competing systems, addressing questions about how they will work together and whether there will be retirement or integration of products.
More on Risk management
Energy Risk 2026 Software Rankings: CTRM landscape needs to support resilience
Commodity firms’ software choices across the CTRM landscape are crucial amid current uncertainty
EU can handle energy price pressure – it’s been here before
Reforms made after Russia’s invasion of Ukraine have made region more resilient to energy shocks, officials say
A Hormuz tipping point may be days away
Agent-based model suggests delays and shortages likely to accelerate after four weeks
ENGIE’s Daronnat: pricing flexibility in the German battery market
Head of flexibility and structured origination in Germany discusses the role of FPAs and what risk teams must consider
Next-gen PPA contracts reshaping European power markets
As energy market participants seek new ways of capturing value from volatility, new skills are required to structure and price increasingly complex power purchase agreements
Energy Risk reaction: Impact of Middle East conflict on hedging and longer term risk
Energy Risk talks to Riccardo Rossi at Centrica Energy and Rob McLeod at Hartree Partners about the impact of the Iran crisis so far on firms exposed to energy
Iran strikes a stress test for CCP margin models
CME’s Span2 and Ice’s IRM2 are performing as advertised. The next few days could test their mettle
Energy Risk Debates: the role of the risk manager
Panellists discuss the different roles of the risk manager, how much standardisation there is across firms and whether the role is ever clear
