The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

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.”

Related content

WEBINAR

Upcoming Webinar: Adverse media screening – how to cut exposure to criminal activity, from money laundering to human trafficking

Date: 23 September 2021 Time: 10:00am ET / 3:00pm London / 4:00pm CET Duration: 50 minutes Screening for adverse media coverage of counterparties presents an incredible opportunity for financial institutions to limit risk exposures and identify bad actors early. It is required by regulations such as the EU’s sixth Anti-Money Laundering Directive (AML 6), and...

BLOG

RegTech Summit Goes Global as A-Team Launches Singapore Event in November

It’s official. Due to popular demand, A-Team Group is expanding its highly successful RegTech Summit conference series with an event in Singapore in the autumn. With lead sponsorship from Solidatus confirmed, A-Team is now formulating the agenda, recruiting speakers and discussing participation opportunities with sponsors and exhibitors. A-Team’s RegTech Summit APAC will take place on...

EVENT

TradingTech Summit Virtual

TradingTech Summit (TTS) Virtual will look at how trading technology operations can capitalise on recent disruption and leverage technology to find efficiencies in the new normal environment. The crisis has highlighted that the future is digital and cloud based, and the ability to innovate faster and at scale has become critical. As we move into recovery and ‘business as usual’, what changes and technology innovations should the industry adopt to simplify operations and to support speed, agility and flexibility in trading operations.

GUIDE

Entity Data Management Handbook – Seventh Edition

Sourcing entity data and ensuring efficient and effective entity data management is a challenge for many financial institutions as volumes of data rise, more regulations require entity data in reporting, and the fight again financial crime is escalated by bad actors using increasingly sophisticated techniques to attack processes and systems. That said, based on best...