Package deals
Lehman Brothers recently joined the growing list of banks to choose off-the-shelf, integrated energy trading and risk management (ETRM) software. It signed a deal in November to implement Commodity XL from Connecticut-based Triple Point Technology (TPT), following in the footsteps of Swiss bank UBS, which signed with TPT in July. Meanwhile, in February rival US-based software supplier OpenLink gained Citigroup and CSFB as customers, both of which are busy building up their energy-trading arms.
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