Beacon Platform announced today that they have been ranked as a top five energy trading and risk management solution in the Chartis Energy25 2020 report. Beacon’s unique combination of quant technology, elastic cloud infrastructure, and front office applications opens a new era for energy firms looking to revolutionize their business.

Historically, energy businesses had to either build their own energy trading and risk management system (ETRM) in-house or purchase one or more black-box solutions from tech vendors. In-house solutions offer the potential for customization and proprietary algorithms, but often at greater cost and extended development times. Vendor solutions start out looking easier and less expensive, but the lack of customization and transparency can result in an inefficient mix of commodity- and market-specific products from multiple vendors.

Beacon Platform addresses these issues with an enterprise-scale cloud platform, full suite of energy markets applications and analytics, and an integrated application development framework for in-house customization. Beacon’s transparent, fully licensed source code removes the black-box aspect of traditional vendor systems, enabling faster and easier customization and integration of proprietary techniques. Energy firms get the perfect mix of buy versus build, accelerating development and responsiveness to new opportunities.

“Beacon’s top 5 position in our Energy50 report – which covers energy risk from a broad perspective – reflects the flexibility of its platform, which is well aligned to a diverse range of analytics”, said Sid Dash, Research Director at Chartis. “This flexibility is particularly important given the continued and growing diversity of analytics we are seeing in the market.”

At the core of Beacon’s solution is a fully realized enterprise platform with all of the tools needed to manage modern cloud infrastructure and agile development, including security and governance. Developers can draw from a comprehensive set of quant libraries, data warehouse and analysis tools, and automation functions, in a collaborative environment. A sophisticated web application framework abstracts away the underlying technology stack and user interface functions, enabling firms to rapidly build, test, refine, and deploy applications to production environments.

Beacon’s unique combination of infrastructure, applications, and development tools creates a flexible IT edge for energy and commodities firms, facilitating extensions and integrations. From developing new products and non-standard contracts, to handling complex derivatives or connecting to in-house systems, Beacon provides the necessary flexibility, security, and scale to enhance competitiveness and increase return on R&D investments.

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.