Glencore Takes Tempest 2000 For Global Oil Derivatives Trading
ENERGY TRADING
Glencore International, an oil trading firm, has signed a licensing deal with US-based Triple Point Technology for the vendor's Tempest 2000 oil trading application suite.
Tempest 2000 will be used in Glencore's Singapore and London trading offices, which are linked via a common trading book. The company's Connecticut operation is run independently as a separate legal entity, but will also use the Triple Point software applications.
The company will use Tempest 2000 at a total of 150 positions
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