Open Link Financial (OpenLink) has entered into a joint venture agreement with MCG Energy Solutions (MCG). OpenLink says that the partnership will help allow clients to streamline their electricity business processes in one system.
OpenLink’s Endur solution, in partnership with MCG, will provide traders and risk managers with up-to-the-minute market information about energy transactions, ISO deals, NERC e-Tags, and transmission reservations. The framework is designed to help clients capture purchases and sales of electricity, fuel, and emissions credits, show risk across multiple scenarios that affect forecasting and profitability, reserve transmission, schedule and tag power, submit bids, track positions, perform settlement reconciliation, track costs, and post to sub-ledger accounts.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
A squeeze on skilled talent means it now takes an average of seven weeks to fill open permanent roles in finance in the UK according to new research from financial services recruitment firm Robert Half.
Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.