August 5, 2008 - Essent Trading implemented Asset Controls data management software to replace Essent Tradings proprietary pricing database.
Essent Trading uses the Asset Control solution to centralize energy and commodity market data in a faster, scalable and extensible environment with sophisticated analytical requirements.
With Essent Tradings continued growth in energy and commodities across markets in Europe, the ability to manage increasing volumes of complex data and to perform sophisticated 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, CIO at Essent Trading, said, 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 softwares 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.
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