- Quor has been honoured with two prestigious Category Leader
awards from Chartis in 2024, highlighting their excellence in the
CTRM and ETRM sectors
- The awards follow the merger of Quor with Eka, expanding
the company's capabilities and strengthens its position in
commodity trading and risk management across various
industries
- Chartis acknowledges Quor Group's innovative leadership,
extensive industry experience, and comprehensive CTRM and ETRM
solutions
LONDON, July 24, 2024 /PRNewswire/ -- Quor Group (Quor),
a leading provider of advanced energy/commodity trading and risk
management (E/CTRM) solutions, announces today its recognition with
two prestigious awards from Chartis, a renowned research and
advisory firm.
In Chartis' bi-annual research reports on energy and commodity
trading and risk management solutions, Quor has been named the
Category Leader of Metals 2024 in CTRM Trading and Trade Management
Systems and the Category Leader of Market Risk 2024 in ETRM Trading
and Trade Management Systems. These accolades affirm Quor Group's
commitment to excellence and innovation in the commodity trading
risk management space.
This recognition follows Quor's merger with Eka, a market leader
in commodity trading, risk management, and supply chain solutions
across industries including agriculture, energy, metals, and
manufacturing. The merger has significantly broadened Quor's
capabilities, especially in crude oil, natural gas, electric and
power trading.
The two awards highlight the dedication and expertise of Quor's
newly expanded team, who have rapidly and seamlessly integrated
their collective industry expertise to meet the evolving needs of
their global customers. Quor Group continues to offer clients the
ability to navigate the complexities of the commodity markets
seamlessly and efficiently, including increasing end-market
volatility and customers' desire to hedge their corresponding risk
profiles.
Quor remains competitive by closely monitoring both market and
vendor dynamics to stay on top of the long-term and structural
impacts of the overarching market evolution within its advanced
technology as the commodity ecosystem continues to evolve. The
awards celebrate the combined team's extensive industry experience
and Quor's ambitious growth strategy aimed at providing a
comprehensive E/CTRM solution.
"Quor offers unique and deep capabilities across metals trading
and risk management, a fact reflected in its quadrant position.
Moreover, it combines these with a flexible platform to cover a
variety of contexts around the trading lifecycle. Quor's placement
in our quadrant reflects the company's growth in this space. This,
it has achieved by introducing robust tools to address market risk
management, both from a quantitative perspective and in terms of
controls orientation," said Sid
Dash, Chief Researcher at Chartis.
"We are delighted to receive these two prestigious awards from
Chartis, recognising our team's dedication and hard work following
the successful integration of Eka. We will continue to expand our
capabilities to provide sophisticated tools and services that help
our customers navigate the complexities of commodity trading with
confidence and efficiency. These accolades are motivating for the
business as they reinforce our position as leaders in the industry
as we look forward to what the next year holds for the business,"
said Steve Hughes, Quor Group's
CEO.
About Quor Group: Quor is a provider of E/CTRM
software to the global commodity markets with a specialty in
metals. The Company provides end-to-end trade management across the
entire E/CTRM value chain, supplying functionality for both
physical and financial trade through to risk management,
settlement, and post-trade reporting.
For more information, please visit www.quorgroup.com and
www.eka1.com.
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