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
LNG trading strategies set to change amid major market shifts
The global LNG market is on the brink of significant changes set to alter trading dynamics and market behaviour, say analysts
Why commodity finance is ripe for stablecoin
Digital currency brings cost efficiencies to financing, but its real benefit to commodity firms lies in making huge pools of new capital available, write Jean-Marc Bonnefous and Ronan Julien
US shutdown leaves commodity traders without key data
Commodity traders are ‘flying blind’ without Commitment of Traders reports
Energy Risk at 30: Learning from the past
Energy Risk looks back at the seminal events and developments that have shaped today’s energy markets
Past disasters can prove the value of energy risk management
Analysing failures and losses at energy firms can underscore the value of consistent, high-quality risk management
How quants shaped the modern energy markets
The business models of today’s utility firms are built on quantitative analysis, but the introduction of these techniques in the 1990s was far from smooth
Interview: Vince Kaminski
Market veteran Vince Kaminski discusses the biggest risks to energy firms today and whether risk teams can ever prove their value
Mounting risk prompts refocus on integrated energy risk management
Energy firms are facing heightened risk due to shifting geopolitics, climate change and the energy transition. As market, credit and enterprise risks ramp up, the need for improved integrated risk management is growing, say risk managers
