OpenLink, Triple Point sign more bank clients

Rival US-based energy trading software suppliers OpenLink and Triple Point Technology (TPT) both signed big new clients this year, increasing their dominance of the energy software market for the banking sector.

Lehman Brothers signed up in November to implement TPT’s energy trading and risk management system, Commodity XL, following fellow bank UBS’s move earlier this year to license the product. TPT also numbers Morgan Stanley among its customers.

OpenLink’s new customers include Citigroup and CSFB. Citi agreed in February to implement both Endur and Findur, OpenLink’s energy- and financial-trading systems respectively, and is due to complete the implementation next year, a source told Energy Risk

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