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A-Team Insight Blogs

Essent Trading Replaces Proprietary Pricing Database with Asset Control’s Platform

Swiss energy trading outfit Essent Trading has picked Asset Control’s data management software to replace its proprietary pricing database. The firm is using the Asset Control solution to centralise its energy and commodity market data.

According to Essent Trading, its growth in energy and commodities across markets in Europe means that the ability to manage increasing volumes of complex data and to perform a high level of analysis is critical to maintaining competitive advantage. Essent Trading required a solution that would improve performance and scalability, and accommodate future time series data needs such as volume profiles and weather data.

Leon Smits, chief investment officer at Essent Trading, explains: “Because the energy industry is highly distinct, complex and uniquely demanding, our technology requirements needed to match our specific needs. Asset Control was the best fit for our criteria for future business functionality, performance, scalability and robustness. The software’s time series calculations were a key factor in our decision, as was its ability to streamline data export and data access, and reduce risks by allowing a more precise view of data.”

Asset Control claims that its expansion tools are helping the firm to support new data feeds and prepare pricing data for risk engines, valuation, mark-to-market and position reporting, and user data checks and desktop calculations.

Phil Lynch, Asset Control’s president and chief executive officer, says: “Our customers appreciate our flexible and modular approach which allows them to solve today’s tactical business issues while building a data management infrastructure that enables them to be more nimble in meeting the firm’s growth and expansion plans.”

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