Energy Trading & Risk Management: Gas price volatility has increased. Relying on antiquated scheduling systems is a recipe for disaster.
Matthew Frye is managing director of OpenLink’s Houston division. He has 20 years of experience in energy markets, including trading, risk management, and operations software. Frye leads a team of business analysts and software engineers focused on dynamic, integrated solutions for energy trading firms. He can be reached at mfrye@olf.com.
The energy industry today faces the most significant trading and risk-management technology integration issues in its history. Even as many companies sit on orphaned or grandfathered software from previous mergers and business initiatives, an expected wave of mergers will further exacerbate the current technology integration problems.
But that’s just the start of the industry’s woes. Aside from increased energy commodity volatility, some companies are using thinly supported applications and relying on manual workarounds.