Triple Point Technology and CheMatch to Provide Integrated B2B Chemical Trading Solution
Triple Point Technology, Inc. (www.tpt.com), the leading provider of enterprise-wide commodity trading software, and CheMatch (www.chematch.com), a leading Internet-based marketplace and information resource for buying and selling commodity chemicals, polymers, feedstocks and fuel products, today announced a strategic partnership agreement to co-market integrated solutions to global chemical traders. The solution provides chemical traders with real-time global access to trading data, sophisticated risk management tools, and direct B2B connection with trading partners. CheMatch’s 800-plus exchange members now have the option to enhance their current trading activities by integrating Triple Point solutions into their enterprise risk management, measurement, and control processes.
Growing physical and OTC trading volumes and the upcoming launch of the first ever chemical futures contract create complex risk management opportunities and challenges for the chemical industry. As front-office deals are completed across the CheMatch Global Trading Network, Triple Point provides an enterprise solution to streamline operations across the entire transaction chain and enable its users to measure, monitor and control the risks inherent in the trades. Sophisticated risk management techniques offered by Triple Point include Value-at-Risk (VaR) reporting, Monte Carlo simulation, portfolio stress and sensitivity testing, and extreme value theory analysis.
Peter F. Armstrong, president of Triple Point Technology, said, “CheMatch is the clear leader in providing a marketplace for buying and selling bulk commodity chemicals, polymers and fuel products. By integrating the CheMatch exchange with Triple Point’s commodity trading and risk management software, global chemical traders will have the most powerful set of tools available anywhere. The integration will completely streamline the business supply chain and offer straight-through transaction processing, resulting in more profitable transactions for chemical traders.”
“CheMatch is committed to providing the industry with efficient, innovative solutions that realize the benefits of e-commerce. The primary driver behind our decision to partner was Triple Point’s innovative, high-performance technology that has been proven in related commodity markets,” said CheMatch Senior VP, Business Development, Roberta Kowalishin. “Triple Point provides sophisticated tools that help global traders manage the risks that directly affect their bottom lines. Our members need these new tools as physical, OTC derivatives and futures trading continues to grow across the CheMatch Global Trading Network and in the industry.”
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