SOURCE: Triple Point Technology

Triple Point Technology

September 21, 2010 12:00 ET

Triple Point Senior Executive to Discuss Impact of Financial Reform at Energy Summit

Examines How the Recently Passed Dodd-Frank Financial Reform Act Will Change How Energy Companies Conduct Trading and Hedging Operations

WESTPORT, CT--(Marketwire - September 21, 2010) -  Triple Point Technology®, the leading provider of multi-market commodity and enterprise risk management software solutions, announced today that Michel Zadoroznyj, VP, treasury and regulatory compliance, will join regulators and other leading industry experts from September 20th - 22nd at the Energy OTC Derivatives, Futures & Swaps Summit to discuss the impacts of the Dodd-Frank financial reform act. Mr. Zadoroznyj will be featured on a panel discussion themed the "Role of Trading Software and Systems in Assisting with Clearing, Tracking, and Reporting."

The panel will examine how revised trading rules that incorporate central clearing and real-time reporting provisions will increase the reporting burden for both end-users -- such as hedgers of commercial risk, swap dealers, and major swap participants -- and financial traders. The panel will explore how these complex reporting requirements may be eased through automated services and software such as Triple Point's Commodity XL™ solution suite for Treasury Management and Regulatory Compliance.

"The landmark Dodd-Frank Wall Street Reform and Consumer Protection Act will fundamentally change the financial regulatory framework in the United States," said Michel Zadoroznyj, VP, treasury and regulatory compliance, Triple Point. "As transparency remains a key regulatory theme, real-time access to data across multiple risk centers will be vital. Triple Point will continue to stay at the forefront of market regulations and provide its customers with fully integrated solutions to manage trading, risk management, and disclosure activities."

Zadoroznyj will also be the featured speaker at a complementary Triple Point webinar on September 29th: "Prepare for Financial Reform Now: Strategies and Systems for the Commodity Markets." Participants will:

  • Hear highlights of the Dodd-Frank Act and implementation timelines
  • Understand how the law will impact the future of energy trading
  • Learn key steps you can take now to prepare for regulatory changes
  • Find out how to evaluate if your IT systems will pass or fail the new requirements
  • See must-have solutions that provide real-time position reporting and active capital management

Please join the webinar on September 29th by registering now.

Michel Zadoroznyj has over 25 years of industry experience. He joined Triple Point through its acquisition of INSSINC and was instrumental in developing the company's accounting and compliance software.

About the Energy OTC Derivatives, Futures & Swaps Summit -- Dealing with the Impacts of Reform: The summit will bring together regulators and leading market participants to discuss the path forward and what market participants should do now to prepare for regulatory changes. It provides invaluable information to trading and compliance managers responsible for the intense reassessment of company policies in regards to capital requirements and credit facilities, back office and business conduct, and regulatory reporting.

About Triple Point Technology
Triple Point is the leading global provider of innovative software solutions to efficiently and profitably manage commodities and enterprise risk. Triple Point's growing, loyal customer base of over 260 companies represent all industries with exposure to energy and raw materials including oil and gas, coal, metals, agriculture, transportation, shipping, consumer products (CP), discrete manufacturers, and big box retailers. The company was named a 'Leader' in Gartner's ETRM Magic Quadrant for its completeness of vision and ability to execute. Triple Point offers the only real-time solution to manage market/price, counterparty credit, operational, and regulatory risk on a tightly integrated platform. Founded in 1993 and headquartered in Westport, CT, USA, Triple Point employs over 600 people in 11 offices and support centers around the globe.

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