Streamlining Commodity Trades with Advanced Automation When Kinder Morgan, Inc. realized the limitations of their manual, Excel-based trading protocol

CHALLENGE

Kinder Morgan relied on manually developed Excel spreadsheets, a common practice that posed a significant risk of human error and lacked compliance with FIX standards. Achieving compliance with these industry-recognized standards was vital to enable seamless interoperability and effective communication among diverse trading systems, brokers, exchanges, and other market participants. Recognizing the need for an upgrade, Procal aimed to enhance the system by incorporating value-added enhancements and upgrades. Transitioning from manual to automated processes reduced the risk of errors substantially, enhancing the reliability of Kinder Morgan’s operations. Additionally, automation implementation ensured smooth network communications, streamlining interactions and facilitating efficient trade execution.

PROCAL’S SOLUTION

Procal created an advanced end to end trade and communication system that operates fully automated, effectively replacing the previous manual handling of Kinder Morgan’s operations. This transformation significantly decreased the probability of errors by removing human input as the cornerstone for each trade and update. Leveraging cutting-edge technology, sophisticated algorithms, and automation frameworks, Procal engineered a robust system that minimized reliance on manual processes, introducing higher accuracy and efficiency. Automation development and integration empowered Kinder Morgan to execute trades and provide updates with enhanced precision and reliability, ultimately optimizing their overall business operations.

ACHIEVEMENTS AND IMPACT

Integrating the new FIX platform facilitated seamless network correspondence between Kinder Morgan and the International Currency Exchange (ICE). This cutting-edge network infrastructure enhanced the efficiency of their trade mechanism and ensured faster updates for stakeholders and analysts. Moreover, adhering to industry-standard activity enabled Kinder Morgan to achieve compliance without reconfiguring information for submission. Consequently, their automated trade platform has emerged as the industry benchmark, solidifying Kinder Morgan’s position as a recognized leader in the field