Crude trading automated at Noble Americas

HOUSTON: Amphora, Inc., developer of global energy trading and risk management systems for the liquid hydrocarbons industry, announced today that Noble Americas has successfully implemented Amphora’s Symphony ETRM solution to help manage their global crude and derivatives trading.

Symphony is a fully integrated trading and risk management system designed to support the entire lifecycle of all physical and financial transactions for oil and other energy commodities. Symphony’s straight-through-processing functionality improves organizational workflow, as a press release explains.

This enables traders and risk managers to make better-informed decisions faster, thereby allowing them to spend more time in the market and less time managing the information flow across their organization, it adds. The software pinpoints the value of a position in real-time, precisely tracks the total risk position under any given set of transaction variables and manages all paper and physical transactions in one system – while eliminating data entry duplication.

“We were looking for a system that could handle not only paper trading, but one that was very strong in physical capabilities around supply chain and inventory management that applied to crude oil trading,” noted Vlad Zeman, chief information officer at Noble Americas Corp. “We believe the choice of Amphora and Symphony will better enable us to identify and capture value throughout that supply chain.”