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OpenLink Scores High Marks in Energy Risk Magazine's Software Rankings 2006

Posted on: Friday, 24 March 2006, 09:00 CST

OpenLink (www.olf.com), a leading provider of energy and financial trading and risk management software solutions, announced today their placement in more than eight categories in Energy Risk magazine's (www.energyrisk.com) 2006 Software Rankings. Additionally, OpenLink won more rankings than any other vendor and ranked first place in numerous categories.

The survey's results are based on more than 1,000 voting forms that were sent to end users and trading houses worldwide. Respondents were asked to nominate, in order of preference, their top three software vendors along key criteria in a number of categories. There were more than ten positions in most categories. Energy Risk, an Incisive Media publication, has published only the top three for each in the March 2006 issue.

OpenLink came in first in the Risk Management categories of Market Risk and Operational Risk, as well as first in Software Support. OpenLink took second place in Modeling in the Risk Management categories, and, in the Trading category, the company ranked second in Trade Capture, Modeling, and Portfolio Management. An additional second-place ranking was won for Market knowledge in which software operates. OpenLink achieved a third-place ranking in the Risk Management category for Credit Risk.

Energy Risk's article states, "As part of the software survey, respondents were asked to vote for their top three preferred software companies for various categories. OpenLink was voted as the top software vendor for operational risk software." The article goes on to say, "For market risk software, OpenLink was again voted the preferred vendor...."

"This recognition is a testament to the dedication of our software engineers and business experts globally," said Coleman Fung, OpenLink's founder and CEO. "It is an acknowledgment, among a list of strong vendors, which proves our commitment to producing value-added software and services as well as our continued initiative to exceed client expectations."

About OpenLink

Founded in 1992, OpenLink is a leading developer of energy and financial trading, risk management, and operations processing software solutions. The company's Next Generation eXtensible (NGX) platform supports the most rigorous business requirements of firms trading in energy, interest rate derivatives, fixed income securities, foreign exchange, money markets, metals, and soft commodities. OpenLink's global client base includes 70+ clients such as Banco de Mexico, Bank of America, Bank for International Settlements, Bank of Canada, HBOS Treasury Services, Bridgeline Holdings, Citigroup Global Market, Inc., Deutsche Bank, Enbridge, Nexen, Shell, Statoil and Vattenfall Europe Trading. Headquartered in Long Island, New York, and with offices in London, Houston, New York City, Berlin, Sydney, and Sao Paulo, OpenLink employs more than 330 professionals worldwide.

Source: Business Wire

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