Source: Open Link Financial
Open Link Financial ("OpenLink"), a leading provider of Energy, Commodities, Trading, and Risk Management (ETRM/CTRM) solutions, which support the entire transaction lifecycle, announced today that MOL Commodity Trading Ltd. (MCT) has selected OpenLink's Endur and cMotion solution to operate proper control over trading activity.
MCT is a full member of MOL Group, the latter is one of the largest integrated energy companies in the CEE Region. MCT will utilize Endur in support of its electricity, CO2 and financial oil trading activity.
"We are delighted with MCT's decision to deploy Endur to manage their trading business. Designed and developed to achieve straight-through-processing within a single framework, we are proud that Endur, combined with our cMotion suites, was chosen again by one of the world's leading energy groups. This is another strong endorsement of OpenLink's cutting edge capabilities, our continued investment in development, product innovation in the crude oil sector, and our presence in the CEE Region," said Kevin Hesselbirg, CEO of OpenLink.
This decision is congruent with recent results from OpenLink's Energy Scenario Management/Analysis Survey where 76% of respondents indicated that this type of solution is required for the market/business activities in Gas, Power and Crude portfolios.