Glencore Energy Selects ZE PowerGroup’s ZEMA to Support Risk Management and Trading Activities
ZE PowerGroup, Inc. announced that Glencore Energy has selected ZEMA to support their Risk Management and Trading activities. The ZEMA data management and analysis solution will enable Glencore to capture, centralize and validate their market data across numerous asset classes, starting with oil and gas, and potentially adding metals and soft commodity markets.
The implementation will benefit a number of Glencore’s trading offices, including London, Stamford, Houston, Singapore and Baar. ZEMA was selected after Glencore evaluated several providers and determined that ZEMA was able to fulfill their extensive list of requirements.
Key benefits of the ZEMA implementation include: direct data captured from their sources, including real time data, centralized data storage and extraction tools that support multiple global offices via web based interfaces and ability to create unlimited complex forward curves.