[NEW YORK, FEBRUARY 23, 2024] – Beacon Platform is proud to announce that, for the third year in a row, it has won the Category Award for Quantitative Management Environment in Energy Risk & Trading in the Chartis Energy50 report, and continues to place in the top 5 overall.
This award demonstrates Beacon’s focus on delivering an innovative platform for energy producers and a wide variety of players managing energy-related financial risks to adapt to changing markets, access more powerful analytics, and rapidly adopt new instruments.
The Energy50 ranking, event, and accompanying research report provide a comprehensive analysis of the world’s major technology players in modern energy markets. Energy and energy trading markets are transforming, and have always been important areas of research for Chartis. Energy50 hones that research against a background of concerted moves to adapt energy markets to the modern world.
‘As we highlight in our research, the ecosystem of energy trading technology continues to evolve,’ said Sid Dash, Chief Researcher at Chartis. ‘Beacon, with its state-of-the-art data management and quant developmental frameworks, is helping to enable this evolution.’
Energy markets are going through their own evolution as they adapt to renewable and alternative energy sources. Beacon’s platform can be used as a complement to existing systems or on its own to accelerate innovation and adaptation in these markets. Clients gain a comprehensive, real-time view of the markets and their holdings, so that their traders, risk professionals, and quant developers can focus on innovation and gain an edge in these volatile markets.
“We are pleased that we continue to be recognized for our quantitative management environment in energy risk and trading,” added Kirat Singh, Beacon’s CEO and Co-Founder. “Beacon’s extensible nature allows our clients to easily update models, capture market opportunities, back test hedging strategies across traditional energy and renewables to manage the complex risks associated with this market.”
About Chartis
Chartis Research is the leading provider of research and analysis on the global market for risk technology. It is part of Infopro Digital, which owns market-leading brands such as Risk and WatersTechnology. Chartis’ goal is to support enterprises as they drive business performance through improved risk management, corporate governance and compliance, and to help clients make informed technology and business decisions by providing in-depth analysis and actionable advice on virtually all aspects of risk technology.
About Beacon Platform
Beacon is a financial technology firm that provides everything quantitative developers need to rapidly build, test, deploy, and share trading and risk applications, analytics and models. Developed by a team with unmatched financial markets experience, Beacon’s unified platform includes the apps, tools, and infrastructure firms need to migrate their software and infrastructure to the cloud, manage risk across all asset classes, and focus on building innovative strategies that provide a competitive edge.
To learn more about Beacon Platform and its industry-leading solutions for energy markets, visit www.beacon.io/energy-and-commodities.
