View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
March 10, 2009

OpenLink enters into joint venture agreement with MCG

To provide traders and risk managers with up-to-the-minute market information

By CBR Staff Writer

OpenLink Financial, a provider of cross-asset trading and risk management services, has entered into a joint venture agreement with MCG Energy Solutions, to allow their clients to streamline electricity business processes in one system.

OpenLink’s Endur system, in partnership with MCG, is expected to provide traders and risk managers with up-to-the-minute market information about energy transactions, international organization for standardization (ISO) deals, North American Electric Reliability Council e-Tags, and transmission reservations.

The framework will help clients capture purchases and sales of electricity, fuel, and emissions credits, show risk across multiple scenarios that affect forecasting and profitability, reserve transmission, schedule and tag power, submit bids, track positions, perform settlement reconciliation, track costs, and post to sub-ledger accounts, said OpenLink.

Mike Prickett, president of MCG, said: This joint venture creates tremendous opportunity for us and our clients who will benefit from the combined intellectual capital, market intelligence and product capability of MCG and OpenLink. MCG and OpenLink are similar in their focus on product development, customer satisfaction and retention as a means to foster incremental growth, and together we are confident that both companies will provide incremental value to our clients through this new joint venture.

Content from our partners
Rethinking cloud: challenging assumptions, learning lessons
DTX Manchester welcomes leading tech talent from across the region and beyond
The hidden complexities of deploying AI in your business

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.