Borealis signs up to Tempest XL risk management system

Borealis Group, the Danish chemical producer, is to use the Tempest XL trading and risk management system developed by technology and systems provider Triple Point Technology.

Borealis will use Tempest XL to manage its inventory, streamline its front- to back-office chemical trading operations and manage both financial and physical risks.

Tempest XL covers deal pricing, portfolio analysis, credit exposure monitoring and risk management analysis, and handles a broad range of commodities. The system is currently used by a number of high-profile commodity traders, including Morgan Stanley, Reliance, Duke Energy and Cinergy.

Borealis will initially install Tempest XL in

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