ARCIM Advisors, LLC, hedge fund selects Triple Point Commodity XL™ for trading and risk management of oil, gas, power, metals, and softs

June 06, 2006 (PRLEAP.COM) Technology News
WESTPORT, Connecticut, USA (June 6, 2006) – Triple Point Technology, Inc., the leading global supplier of cross-industry software platforms for the supply, trading, marketing, and movement of commodities, announced today that ARCIM Advisors, LLC, a hedge fund based in Greenwich, CT, chose Commodity XL for trading and risk management. Building on the momentum of recent wins at Old Lane, Lehman Brothers, and other major financial institutions, ARCIM’s selection shows Triple Point provides the premier commodity trading solution for financial organizations.

ARCIM, which will launch a commodities hedge fund July 1st, was founded by Harry Arora, formerly the energy portfolio manager at Amaranth, a hedge fund with $8 billion assets under management. The ARCIM team, with extensive knowledge of commodities software solutions and vendors in the market, chose Triple Point for its outstanding product advantages: support for complex derivative instruments, cross-commodity aggregated risk management, real-time dynamic reporting, and unparalleled scalability.

“We required a system that could handle multi-commodity trading, provided real-time analytics and risk reporting to keep us ahead of the market, and could grow with us,” said Harry Arora, principal, ARCIM Advisors, LLC. “Triple Point’s product is the best—it has a clear edge over other offerings in the market.”

“As more financial institutions re-enter the market for commodities trading, we are pleased to be the solution of choice,” said Peter F. Armstrong, president and CEO, Triple Point Technology. “From the beginning we’ve designed our systems for complex trading strategies, investing over twenty-five percent of our revenues in R&D to meet the most sophisticated requirements for pricing, risk management, decision support and analysis. In addition, working with these premier clients ensures we will continue to lead for years to come.”

Triple Point Commodity XL is a true next-generation solution, built specifically from the ground up for high-volume, complex transaction management organizations. It meets all the requirements for trading in today’s highly volatile environment: multi-commodity capabilities, real-time integration of physical and financial positions, comprehensive risk management, and scalability. Comprised of a family of commodity-specific products that can be deployed alone or in seamless combination with each other, Commodity XL manages every aspect of global cross-industry supply, trading, marketing, and logistics operations. Triple Point also offers an ASP model appropriate for smaller hedge funds.

About Triple Point Technology Inc.
Triple Point Technology is the leader in trading, risk management, scheduling and logistics solutions for commodities, including power, oil, gas, coal, metals, agricultural products, and freight. Triple Point Commodity XL profitably integrates physical and financial markets from the front-to-back office for all commodities on a real-time next-generation platform. Triple Point's award-winning solutions are used by more than twenty-five percent of both Global 500 commodity trading companies and Global 500 energy companies. Founded in 1993, and headquartered in Westport, Connecticut, USA, Triple Point serves clients from five development and support centers located around the globe. More information is available at www.tpt.com.