Pune, (IndiaPRwire.com) Triple Point Technology, the leading global supplier of cross-industry software platforms for the supply, trading, marketing and movement of commodities, announced today the release and general availability of Commodity XL for Biofuels™. Engineered to address the rapidly escalating global market for renewable energy fuels and their feedstocks, the system capitalizes on Triple Point’s proven track record in managing both energy commodities and soft commodities on a single, next-generation platform. “Biodiesel and ethanol are poised to become important elements of the energy complex over the next few years,” said Michael Schwartz, Triple Point’s chief marketing officer. “Given our expertise in both energy and softs, and backed by our large, growing world-class client base active in these markets, such as UBS and Vinmar, we are in a unique position to help clients with solutions to a new, growing and complex renewable fuels market.” Commodity XL for Biofuels enables clients to profitably hedge biofuel inputs and outputs, aggregate risk across multiple commodities, easily handle new, complex trade types and derivative instruments, and combine physical and financial reporting. Users can view multiple commodity positions in real-time and monitor ancillary costs of commodity movements. Commodity XL for Biofuels streamlines operations by utilizing straight-through processing eliminating data re-entry and associated errors, integrating trading with scheduling and settlement, and managing all commodities in standard formats. “Managing risk and hedging the relationship between feedstocks and biofuel output is important to profitable operations,” said Mike Ravo, vice president, industry solutions, Triple Point. “Commodity XL for Biofuels has energy yield equivalent curves that provide precise hedge quantities for spot and forward markets allowing traders, for example, to manage the relationships between agriculture, crude oil and refined products.” “The fast approaching wave of renewable fuel trading is a “perfect storm” for Triple Point,” added Schwartz. “The convergence of the agricultural and energy markets plays to the multi-commodity strength of the Commodity XL™ platform and builds on Triple Point’s established leadership position in both these markets.”