OpenLink launches trading, treasury and risk cloud platform
The group is promoting OpenLink Cloud as an accelerator of cloud deployment across all market tiers.
The group is promoting OpenLink Cloud as an accelerator of cloud deployment across all market tiers.
OpenLink, a major vendor of trading, treasury and risk management solutions for the energy, commodities, corporate and financial services industries is launching OpenLink Cloud, a comprehensive enterprise cloud platform designed to transform trading, treasury and risk departments.
The group says that the new platform combines the best of its flagship products with an extensible and transparent platform for agility and innovation, combining the strength and security of the Microsoft Azure platform with best-of-breed OpenLink security and tools to ensure full protection for clients’ mission-critical systems and data.
According to Patrick Reames, managing partner of analyst firm Commodity Technology Advisory: “While cloud deployment of commodity trading solutions in the low and mid-tiers of the market has increased in recent years, the investment by OpenLink in the OpenLink Cloud will undoubtedly accelerate this movement across all tiers of the market.
“The commitment by many of the world’s largest energy and commodity trading firms to adopt OpenLink’s enterprise-scale cloud solutions is a pivotal development in terms of how these systems will be deployed going forward.”