Last week, I caught up with Messrs. Marc Zumstein and Asbjorn Hansen of Previse Systems to find out how things were going and to hear the latest news. Previse Systems is a newer vendor that is engaged in a novel ecosystem approach to building out an ETRM solution in Europe. Its all new technology initiative separates ETRM out into three distinct elements and was the subject of a white paper that we issued last year. Its threefold approach includes, A user-owned common trade repository (called ChorusLink) where each trade is stored and accessible by all parties to the trade in a fast and secure environment, A high-performance position application (called Coral) that delivers the ability to quickly and easily visualize, and process large volumes of data, and An app store-like platform (Coral Ecosystem) where third-parties can offer incremental and purpose-built functionality that can easily be added to the customers’ ecosystem and provides choice and competitive prices. It has been actively signing early customers and with a new recent signing now has four customers. Mr. Zumstein indicated that the new customer was significant and well-known but for now could not be named. It has previously announced European Energy, Norlys Energy Trading… continue reading
Continue reading Previse Systems Sees Success with its Innovative Ecosystem.. This article appeared first on CTRM Center.