OpenLink REMIT Compliance Solution Selected By E.ON Global Commodities

OpenLink, the global leader in trading and risk management solutions to the energy, commodities, corporate, and financial services industries, today announced that E.ON Global Commodities has selected its CubeIntelligence Solution for REMIT compliance.

CubeIntelligence is OpenLink’s business intelligence platform designed to serve the advanced risk management reporting of companies that trade commodities and capital markets, used by over 20 leading energy companies.

E.ON Global Commodities is the energy trading business of E.ON. Peter Boldt, Program Manager, Trade Reporting, E.ON said: “Implementing RegCube, provided by the leading vendor for ETRM’s, should bring E.ON into a position to do trade reporting in a compliant manner for EMIR as well as for REMIT safely.”

Harry Nota, Head of Energy, EMEA, OpenLink commented: “Our clients can focus on business as usual, relying on CubeIntelligence to aggregate key data and report effectively in a format mandated by regulators, hence helping our clients ensure they are best prepared for the evolution in our markets.”