Triple Point launches upgrade of energy trading system
Triple Point Technology, a provider of commodity trading and risk management systems based in Westport, Connecticut, has released version 2.0 of Power XL, its advanced trading system for deregulated energy markets.
Triple Point also launched Gas XL yesterday, an enterprise-wide transaction processing and risk management system for the natural gas markets. Gas XL supports all physical and financial gas trading activity, including swaps, options, futures, physical forwards and structured deals.
Power XL and Gas XL are built on Triple Point’s XL platform. The products can be deployed alone or in combination with each other and Tempest XL, Triple Point’s flagship oil trading system.
Clients of Triple Point include the bank Morgan Stanley, and energy companies Amerada Hess, Duke Energy and Cinergy.
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