We have been watching as vendors across the commodities space reported good sales pipelines and activity in CTRM and related software markets. Amongst those vendors doing well under such conditions is the FIS energy team, who are quietly having a great year according to Todd Wolk, FIS’ Head of North American Trading and Risk Management Sales (Energy/Commodities). “FIS energy continues to prosper through 2021 with double digit new client signings (including in areas such as LNG and RINS), numerous customer upgrades, shifts to the Cloud, as well as many critical operational projects completed,” he told ComTech recently. “We’ve already exceeded our full year 2020 results, within the first three quarters of 2021, a great place to be entering what is normally our best quarter”. Apparently, the 2021 deals count as some of the largest for FIS’ Cross Asset Trading and Risk Energy business that the company has ever signed and are mostly in North America where the business has had a great deal of success over the last few years. Kevin Mossop, FIS energy global development manager told us that, “Our doubling down on gas, plus expansion to support ESG initiatives has led to a great 2021, positioning us well for… continue reading
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