OpenLink, the global leader in trading and risk management solutions to the energy, commodities, corporate, and financial services industries, today announces its selection by new international commodities marketing and trading enterprise - Javelin Global Commodities (Javelin), as their trading and risk management system, supporting the enterprise’s drive for growth in financial and physical trading.
OpenLink provides Energy Trading and Risk Management (ETRM) solutions for a number of highly successful independent energy trading ventures including TrailStone Group, and Mercuria Energy, as well as supporting the largest integrated energy companies in the world.
Working with capSpire, a strategic advisory, system integration and technology solutions partner, phase one of the project has delivered Javelin with Financial Derivatives trading functionality, with phase two underway to deliver Physical Trading, Shipping, and Logistics.
Harry Nota, Head of Energy, EMEA at OpenLink said: “OpenLink has deep experience and heritage in trading and risk management for the Coal markets, with over 1 billion metric tons traded in Europe annually using our systems. As such we are delighted to support Javelin with their needs from start-up to growth, and from coal to future commodities, as the provider with the widest set of traded asset classes in the industry. We are very happy to welcome Javelin to our client base, and looking forward to a long and successful relationship.”