OpenLink Designated a Category Winner for Corporations and Energy Trading Risk
New York – January 6, 2014 – OpenLink Financial LLC (OpenLink), the global leader in Transaction Lifecycle Management (TLM) software, announced today that it placed ninth in the 2014 RiskTech100® rankings compiled by Chartis, a leading provider of research and analysis on global risk technology markets. The Chartis report also recognized OpenLink as a category winner in two distinct areas: Corporations and Energy Trading Risk.
The RiskTech100® report evaluates the world’s most significant companies in the risk technology sector and is acknowledged globally as the most comprehensive and prestigious study of risk technology vendors. OpenLink has ranked in the top 20 every year since the report was started in 2005, climbing five spots from its 2013 position.
OpenLink’s risk solution spans across multiple asset classes and encompasses advanced market, credit, and liquidity risk management for the financial services, energy and commodities industries. It can be integrated with trading on a single platform or as an enterprise-wide central risk repository that can model any risk during the trading lifecycle of a product. Advanced analytics, simulations and stress-testing are underpinned by a scalable architecture that enables real-time risk reporting and limit monitoring, self-service business intelligence on Big Data and customizable extensions.
“Regulation continues to be the driving force behind the increasing appetite and demand for risk management solutions,” said Peyman Mestchian, Managing Partner, Chartis. “As well as tracking the latest trends and developments, this report is designed to highlight some of the most dynamic and innovative vendors. OpenLink, with its flexible, configurable technology, is well positioned to help financial and non-financial institutions with their risk technology requirements.”
Ken Knowles, Executive Vice President of Product Management for OpenLink, said, “We value the insightful analysis and integrity of the RiskTech100® research process. Being cited as a risk technology leader reflects our thought leadership, innovation and close collaboration with our clients. OpenLink’s solutions consolidate disparate risk systems, optimize margin and capital requirements, comply with dynamic regulatory regimes and ensure timely access to complex risk data for decision support, business intelligence and reporting.”
Regulatory reform will complicate risk management, particularly for swaps trading. To learn more, download a new white paper from OpenLink on Swap Execution Facilities (SEFs).
About the RiskTech100®
The RiskTech100® is recognized globally as the most comprehensive and prestigious study of the top technology companies active in the risk management market and is available from www.chartis-research.com. RiskTech100® is a Registered Trade Mark of Chartis Research Limited.
About Chartis Research
Chartis is the leading provider of research and analysis on the global market for risk technology. Its goal is to support enterprises as they drive business performance through better risk management, corporate governance and compliance. Chartis helps clients make informed technology and business decisions by providing in-depth analysis and actionable advice on virtually all aspects of risk technology. Chartis is authorized and regulated by the Financial Services Authority (FSA) for providing investment advice - (www.chartis-research.com).
Founded in 1992, OpenLink (www.OpenLink.com) is the global leader in Transaction Lifecycle Management (TLM) software for the commodity, energy and financial services industries. OpenLink's products address portfolio management, trading, risk management, and operations processing for both financial and physical assets.
Owned by leading private equity investment firm Hellman & Friedman, OpenLink is a global software and services business that has grown both organically and through strategic acquisitions, to achieve revenues in excess of $300 million. The company serves over 500 clients, including 12 of the world's largest commodity and energy companies, 9 of the largest financial institutions, and 11 of the largest central banks. OpenLink has 1,300 employees in 12 global offices on five continents, with headquarters outside New York City and field offices in Houston, London, Berlin, Vienna, Toronto, Moscow, São Paulo, Singapore, Dubai, and Sydney.
OpenLink has received numerous industry awards and recognition, including citations as the industry leader by Gartner and first-in-class ranking by Energy Risk magazine for Commodity/Energy Trading and Risk Management (C/ETRM) systems.