Firms Team on IT Solutions for Chemical Traders

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Triple Point Technology, a provider of enterprise-wide commodity trading software, and CheMatch, an online marketplace and information resource for the chemical industry, announced a strategic partnership last week to deliver integrated technology services to international chemical traders.

The companies will provide chemical traders with real-time global access to trading data, sophisticated risk management tools and direct BTB connection with trading partners. The more than 800 exchange members of CheMatch will be able to integrate Triple Point solutions into their enterprise risk management, measurement and control processes.

The two companies said that as front-office deals are completed across the CheMatch Global Trading Network, Triple Point will enable companies to streamline operations across the entire transaction chain and measure, monitor and control risks inherent in the trades.

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