Orchestrade is making waves. Targeting the top tier in energy and commodities with a modern scalable event-driven architecture and deep ETRM functionality courtesy of its sponsoring client in energy, it is winning significant new customers in Europe and north America according to Dale Emmerson amidst what he calls ‘massive activity in the sector.’ It is finding traction in segments like merchant trading, utilities, and hedge funds, he told me and credits a build out of PPA, certificates and renewable functionality completed last year in part. It has also built out natural gas storage. The vendor also does well on the financial institution side of the business by virtue of handling equities, crypto, FX, IR and commodities all in the same application. “Often, entities get stuck with two separate systems to handle all those asset classes,” he said, “now they can do it all in one – Orchestrade.” Dale sees an increasing interest in replacing older legacy CTRMs or in supplementing them with more up to date and scalable solutions. He sees what he terms ‘low level dissent’ around many of the existing suppliers as well meaning that a new player with a track record of delivery is a welcome addition to… continue reading
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