Topaz Technology Sees Plenty of Market Potential

Newcomer, Topaz Technology, has developed a trading and risk analytics platform that is currently used by used by a large major and several other trading companies CEO, Jon Fox, told me last week that it had expanded its number of users at current customers and was in contract negotiations with others. The pipeline is strong and there is lots of interest, he told me. He sees Topaz’ competitive strengths as being its portfolio management functionality, advanced analytics functionality and its flexible UI that allows it to be a true front end for traders and risk managers. He reiterated that one of its goals is to introduce greater flexibility and visibility into positions and calculations. Indeed, it has done a lot of work in that area “with things like VaR and in dealing with more complex portfolios helping users understand where changes originated.” Jon then reeled off several areas where Topaz has been hard at work adding and improving its capabilities like Petrochemicals around pricing and derivatives, in risk profiles, LNG and gas structures, and more. Now, the Ukrainian war and increased volatilities seem to have focused the market more on managing risk and properly valuing positions, he told me. Providing… continue reading

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