Package deals

Banks have been choosing off-the-shelf fully integrated systems for energy trading and risk management. But some feel the available software still falls short

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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