After a careful selection process, ERA Commodities, a global commodity trading company, has gone live with Topaz Technology as their risk management & analytics solution.
ERA were looking for a platform that could offer real time position and valuation for traders, as well as close of book, P&L change explained and risk management, across their desks in London and Singapore. They selected Topaz for its ease of use, configurability and performance.
One of ERA’s key requirements was straight through processing (STP) of trades executed on the ICE and CME exchanges, which Topaz offers out of the box.
Sanjay Tanna, Director at ERA Commodities, said: “Having been involved in quite a few risk system implementations throughout my career, Topaz has been the smoothest by far. Their team clearly understand the complexities of our business inside out; also they’ve really impressed us with their technical know-how and responsiveness to our requirements. We know we’re in good hands for our risk reporting, and our team of traders can now focus our full attention on the markets.”
Jon Fox, Topaz CEO, said: “It has been a pleasure implementing Topaz at ERA Commodities, which brings us into a new market segment. Now Topaz can be used as the system of record for derivative traders, including exchange STP. ERA require a trading and risk system that is easy to configure and run across many markets, and we’re delighted to have proven Topaz’s ability to support their impressive and experienced trading team.”
About ERA Commodities:
ERA Commodities are a team of highly experienced market traders, offering the full range of commodity products we know our corporate clients need. Unlike many other firms, the trading side of the business exists primarily to facilitate client business. We take risk and make markets in order to ensure best execution for our clients, rather than the other way round. We trade across the barrel with access to both cleared and uncleared markets globally. We can arrange bespoke trades in multiple currencies across a range of products.
For more information visit https://eracommodities.com/
About Topaz Technology:
Topaz Technology is a software company founded by expert technologists, quants and traders. We help commodity traders and risk managers manage and report on risk across the full spectrum of their trading activity in real-time. The Topaz platform is cross-commodity, fast and scalable, and has extensive analytics capability built in.
For more information visit https://topaz.technology
For further information, please contact:
Jo Finnigan
COO – Topaz Technology
jo@topaz.technology
