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Beacon Platform Leads Industry in ETRM Innovation, According to Chartis Research Energy50 Report

Beacon Platform is proud to announce that Chartis Research has named them the innovation leader in energy trading and risk management (ETRM) for 2022. Retaining a top 5 ranking overall, Beacon was also awarded best quantitative management environment for energy risk and trading and awarded top innovation solution in this year’s Energy50 report.

Beacon’s ETRM platform includes an enterprise-scale cloud platform and full suite of energy markets applications and analytics for advanced front-to-back trading and workflow automation. An integrated application development environment gives quants and developers the tools they need for in-house customization and integration with existing systems, data, and models. Energy businesses no longer need to choose between building their own in-house system or purchasing black-box vendor solutions. They can own the full stack from idea inception through development, testing, and deployment, in a controlled manner.

“Beacon’s approach to analytics and data management within the ETRM space fits well with the evolving state of the energy market,” said Sidhartha Dash, Research Director at Chartis. “By combining diverse analytics with an integrated development environment and flexible quant platform, Beacon’s solution can enable developers to iteratively build, test, and develop models, analytics and applications, and help them manage volatility in ETRM systems.”

4 Ways that Beacon Makes Energy Trading and Risk Management More Agile

Beacon’s quant development environment readily integrates with existing systems to extend functionality and handle complex products. Transparent source code and securely shared code and data reduce silos and solve black box problems. Internal developers can focus on innovating and addressing specific business problems with greater agility and less time spent on infrastructure. Some specific advantages that energy companies gain from Beacon include:

  • Wide spectrum of tradable products, available through pre trade, trade capture, risk management, back office, and EOD reporting
  • Customizable instrument definitions to quickly add new and innovative products, such as complex derivatives, physical commodities, or renewables
  • Extendable functionality throughout the platform to add proprietary processes, models, and algorithms
  • Pre-built interfaces with leading commodity exchanges and market data providers accelerates time to value

Instead of relying on multiple, disconnected systems with black-box algorithms that analysts cannot examine, Beacon helps firms integrate their work flows and clearly understand the underlying algorithms, for faster and better responsiveness to new opportunities and dynamic market conditions.

To learn more, download the detailed vendor analysis from Chartis Research.

About Chartis

Chartis is the leading provider of research and analysis on the global market for risk technology. Our goal is to support companies as they drive business performance through improved risk management, corporate governance and compliance. We also help clients make informed technology and business decisions by providing in-depth analysis and advice on virtually all aspects of risk technology. Chartis is focused solely on risk and compliance technology, giving us a significant advantage over other market analysts. Our analysts and advisors have decades of hands-on experience implementing and developing risk management systems and programs for Fortune 500 companies and leading consulting houses.

About Beacon

Beacon Platform moves financial markets into the future with secure and scalable quant technology, elastic cloud infrastructure, and front-office applications. The integrated development environment and web application framework make developing applications faster and easier. Born from decades of collective experience developing trading and risk management systems for Bank of America Merrill Lynch, JPMorgan Chase, and Goldman Sachs, Beacon Platform gives you the robustness and flexibility of these powerful tools. See how you can increase the return on research and development investments from Beacon’s next-generation platform for enterprise-scale analytics, trading, risk management, and more at www.beacon.io.