At the back end of last week, I spoke with Dale Emmerson of Orchestrade. It has just signed a very large deal apparently with an oil and gas entity covering renewables, PPA’s and more. “It’s a big win for us and validation that Orchestrade can compete and win at the tier one level in energy,” he said. He went on to inform us that Orchestrade is also building out US power for a customer located there, and that it had recently gone live with base metals for another customer including LME Sword integration. They have also deployed gas storage for another European customer. The vendor now has around half a dozen customers in energy and appears to be gaining significant traction. Orchestrade has grown its team based on the success to date in energy and commodities, Dale said. What creates interest in Orchestrade is that it is multi-commodity, multi-asset class and all on a modern technology stack. It provides information in real-time and with good performance, Dale claims. “The solution can handle thousands of trades per minute, and we don’t believe any other solution can beat that,” he said. The platform can handle ags and softs derivatives and has already… continue reading
The post Orchestrade Sailing Ahead appeared first on CTRM Center.