Koch Supply & Trading to Use TradeCapture Energy-Trading Platform
Koch Supply & Trading, the petroleum trading arm of US-based Koch Industries, is to deploy TradeCapture’s ICTS Symphony system to track and manage its global trading of crude oil and refined petroleum products. ICTS is a multi-commodity trading and risk management system which supports all physical and financial transactions including exchange-based futures and OTC derivatives. Troy Honeywell, director of business analysis for Koch Supply & Trading, said, ‘We intend to use the system to precisely track and monitor the trading business and manage risk position and profit/loss information.’ ICTS Symphony also includes an STP (straight-through-processing) feature. Koch Supply & Trading has traders in Wichita, Houston, Long Beach, New York, London, India, Moscow, and Singapore.