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International oil and petroleum products trader Ovlas Trading SA is the latest to deploy Aspect TradeFlo, the unique web-based trade and risk management solution from global on-demand, web-based applications leader OILspace. The move will allow Ovlas to make faster, better informed trading decisions with instant access to key profit and loss (P&L), value at risk (VaR) and exposure information along with real-time market prices.

Ovlas was already a user of OILspace's global energy and commodity information service OILwatch. TradeFlo is a natural extension to that service as Ovlas' Jerome Arbert-Engels explains. "As trade volumes grow it's vital that we have the best tools available to support our traders in making decisions. OILwatch has already proven itself as a reliable real-time and historical source of market information. Now TradeFlo augments that with a real-time view of trade risk and exposure, it eliminates any danger of manual errors, and we can easily expand its capabilities in the future to do even more."

Ovlas was established in 2003 and has offices in Monaco, Johannesburg, Dakar and Lagos. In the last three years the company has seen its sales grow by almost 400%, reflecting an increase in trading volumes from half a million metric tons to more than two million.

TradeFlo is highly flexible. It starts as a trade management solution to which new functionality - for example VaR - is added flexibly through extra modules. It combines the ease of use of spreadsheets with a full range of deal capture, position management, exposure, P&L and VaR tools, yet offers a much simpler way of configuring accounts to different clients' needs. At Ovlas it replaces a previously manual system built around spreadsheets and delivers much improved robustness and control.

A wholly online application, TradeFlo is fast to implement and for many companies is live and working within a week. It is also easy to learn and requires no specialist on-site support resource. Traders can typically be familiar with the system and up and running within two to three days. It can be readily scaled to more users, extended with new functionality or migrated to OILspace’s more comprehensive and full-featured Aspect ETRM enterprise trade risk management system.

Being Web-based rather than Web-linked means TradeFlo instantly updates with the latest energy market and pricing information from leading sources like NYMEX, ICE and Platts. It uses the same technology as, and shares an online portal with OILwatch, OILspace’s market data and decision support center, which is relied on by thousands of buyers, sellers, traders, analysts and back-office personnel around the world.

Welcoming the Ovlas deal, OILspace president and chief executive officer Steve Hughes said it pointed out an important trend among small- to medium-size trading businesses. "For a long time full-feature trade and risk management tools have been out of reach of all but the very largest organizations. TradeFlo brings the entry point way down, making the technology affordable for any size business and at the same doing away with the need for specialist IT staff to run and maintain it."

About OILspace
OILspace (www.oilspace.com) is a leading global provider of real-time on-demand, web-based applications for energy marketing and supply operations. Launched in 1999, OILspace solutions now run through over 400 companies of all sizes and roles within the energy supply chain. OILspace has a proven track record for delivering scalable solutions that produce measurable returns-on-investment (ROI).

Further information:
Brigette Gebhard, OILspace New York, 732 797 0046, bgebhard@oilspace.com
Geoff Twibell, Sage Partnership UK, 01189 344007, geoff@sagepartnership.com

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