CTRM Center


Mickey Mouse and Surveys

Published by Gary Vasey
Commodity Technology Advisory LLC undertakes research – perhaps 3-4 times a year – in which we use survey instruments as part of the research. Right now, we are doing... continue reading

Matt Barrett Announced As 2015 CTRM Conference Keynote

Published by Gary Vasey
The keynote speaker for the 2015 CTRM Conference will Mr. Matt Barrett. Matt is a Director and co-founder at Adaptive Financial Consulting Limited, a bespoke trading platform design and delivery firm based in the City of London. Matt is responsible for project delivery and sales as well as consulting for Adaptive’s clients’.... continue reading

CTRM Conference Attracting Delegates

Published by Gary Vasey
The 2015 CTRM Conference is looming and we will all be getting together on October 22nd in London to read the tea leaves as it relates to CTRM... continue reading

G10 Set to Double Up On Staff

Published by Gary Vasey
I spoke to Richard Williamson a couple of weeks ago to find out how things were going at G10. He told us that the company had ‘won a... continue reading

Lessons from the past

Published by Patrick Reames
I glanced up this afternoon at my old hardhat that I have hanging on the wall in my office… I’ve kept this filthy thing around for almost 35 years now because it reminds me of the dirtiest,... continue reading

Allegro Becomes 12th Sponsor of the 2015 CTRM Conference

Published by Gary Vasey
Allegro has become the 12th sponsor of the 2015 CTRM Conference to be held on October 22nd at the Thistle Marble Arch Hotel.... continue reading

CTRM Videos

CTRM Videos

Mr. David Priestley, Managing Director – Openlink

Gary Vasey, managing partner of ComTech Advisory visits with Mr. David Priestley, managing director of OpenLink. In this latest video in ComTech Advisory’s Leaders in CTRM video series, the two discuss recent developments in European energy regulations and OpenLink’s product offerings to address critical compliance requirements.... continue reading

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Banks keep faith in commodity traders as Vitol, Trafigura raise $10 bln

Published 6 October 2015 - (Reuters) by Amanda Cooper – Two of the world’s commodity powerhouses, Vitol and Trafigura, have raised over $10 billion this week, despite rival Glencore‘s run-in with investors, which they say shows bankers understand the sector better than bond or equity dealers. As commodities prices tanked in late September, a series of research notes on Glencore unleashed a bear raid on stocks and bonds of publicly- and privately-held companies. But that has not stopped privately-owned Vitol, the world’s largest oil trader, from closing a syndicated loan worth $8 billion this week. Rival Trafigura, whose founder Claude Dauphin lost his battle with cancer last week at the height of the turmoil engulfing Glencore, closed syndication on a $2.2... continue reading

Kynetix and Wisereach Business Solutions announce a strategic partnership to help unlock the physical economy.

Published 6 October 2015 - Kynetix, a global leader in specialist technology solutions for processing exchange-traded commodities and physical deliveries, today announced a partnership with a leading independent commodities and derivatives consultancy, Wisereach Business Solutions, to offer clients a complete end-to-end service. The two firms, leading suppliers of software and consulting services to exchanges, clearinghouses and the investment banking sector, are committing to provide joint product development & technology solutions to deliver business solutions including new service and contract launches as well as market improvements for participants in the global derivatives industry. This will leverage on the in-depth market knowledge and technology delivery capability that the two firms collectively offer. Kynetix supply settlement and delivery platforms to leading financial institutions,... continue reading

Reuters – Volatility spikes may be unintended consequence of EU commodities rules

Published 6 October 2015 - Reuters – Energy traders are at odds with new European Union rules... continue reading

Bloomberg – Oil Bulls Lose Faith in Recovery as Russia Adds to Global Glut

Published 5 October 2015 - By Mark Shenk Hedge funds trimmed bullish oil bets for the first... continue reading

Global commodity price slump sends ripples around the world

Published 3 October 2015 - Falling commodity prices threaten economic and political stability in developing economies across the globe. By Matthew Mpoke Bigg... continue reading

Reuters – Uncertainty about China hangs over oil rebalancing

Published 2 October 2015 - Substantially lower oil prices are on the way to rebalancing the oil... continue reading

EnerKnol’s New Software Provides Game-Changing Solution for Managing Complex Energy Regulations

Published 1 October 2015 - (Marketwired via COMTEX) — EnerKnol, Inc., the energy policy data company recognized... continue reading

Fear and loathing as LME mulls position limits: Andy Home

Published 30 September 2015 - (Reuters) by Andy Home – Sometimes revolutions start with a bang. But more often than not they grow... continue reading

Commodities in crisis as Asian shares tumble and shipper files for bankruptcy

Published 29 September 2015 - Reuters – A Japanese shipper filed for bankruptcy on Tuesday and global... continue reading

With Glencore, Commodity Rout Beginning to Look Like a Crisis

Published 28 September 2015 - (Bloomberg) by Bradley Olson – The 15-month commodities free-fall is starting to resemble a full-blown crisis. Investors are... continue reading

Commodity Technology Advisory LLC Publications

Ensuring E/CTRM Implementation Success
Ensuring E/CTRM Implementation Success

An energy/commodity trading and risk management (E/CTRM) system implementation project is the structured process of taking a newly acquired E/CTRM software product from delivery of code to full “in production” use, and in the process, meeting the business needs that precipitated its purchase.

Implementing an E/CTRM system shares many of the complexities involved in implementing any other enterprise-scale IT system. It requires a comprehensive plan, solid leadership (both executive and project management), specialized technical and business expertise, and a commitment from the software vendor to provide the necessary support to make their new client successful.

However, E/CTRM solution implementations are further complicated by the fact that the E/CTRM product operates not only as the system of record (that is, the system that records, maintains, and accounts for transactions), but it also provides capabilities for managing contracts, trades/deals, logistics, position management, risk management, and associated analytics. A comprehensive E/CTRM system is designed to be a singular system that provides energy and commodity trading organizations the depth and breadth of the highly specialized functionality their businesses require. As such, E/CTRM systems are extremely complex and require detailed knowledge of the business combined with a deep understanding of the software capabilities to properly implement. ComTech Advisory’s experience and research suggest that the effort required and the risks involved in implementing and integrating a sophisticated, configurable enterprise-scale E/CTRM solution are of ten poorly understood by the client and may be minimized (though not necessarily intentionally) by the software vendors during the sales process. Underestimating the real costs and project risks can quickly turn what would otherwise be a “bargain” software package into a long-term, costly headache. All things being equal, when it comes to E/CTRM software, the lowest priced solution may not necessarily be the right solution.

Addressing the Decline - Finding the Silver Lining for Producers
Addressing the Decline - Finding the Silver Lining for Producers

From around 2005 to early 2014, the revolution in North American oil and gas production, spurred by the development of long reach horizontal drilling and massive hydraulic fracturing technologies, attracted billions of dollars in new capital to the space – fueling huge growth in drilling activity, oil and gas production, and in the numbers and size of oil and gas producers operating in the space. However, with the sudden collapse of oil prices (beginning in the third quarter of 2014, which saw the value of crude decline by more than 50% from its high in July of that year), the inflow of capital has shrunk, and with it, the expansive growth in the producer market. While the collapse in the oil markets has had far reaching impacts across the global economy, nowhere are the consequences more greatly felt than in the North American oil and gas fields.

With this low price environment extending for almost a year now, US and Canadian producers have slashed drilling and exploration budgets and are cutting costs to preserve cash in order to ensure their survival. Companies that had principally relied on debt financing to support their drilling activities have been particularly impacted and many are struggling to meet debt payments, forcing liquidation of assets as bankruptcies loom. The upstream market is seeing the beginning of a wave of mergers and acquisitions as the stronger producers, those that funded their activities through generated cash or retained earnings, are now looking for bargains amongst the weaker.

sourcebook 2015
Sourcebook 2015
Download: Sourcebook 2015

The 2015 Commodity Technology Advisory LLC (ComTech) CTRM Software Sourcebook is designed to be a useful and usable resource to help those seeking information as to the capabilities and coverage of products within the CTRM software category. It is a starting point in the product selection process - a mid-level guide to allow the reader to develop a long list of vendors that have high potential capabilities in terms of functional and commodity coverage meet the specific needs of CTRM market participants. It is NOT intended to be a replacement for a formal selection process - CTRM software is simply too complex to be selected properly without utilizing a programmatic selection process. Our intention in developing the CTRM Sourcebook is to inform the reader of a wide universe of vendors and products, and allow companies seeking a new system to compile a list of vendors that may include some that might not have otherwise been considered, or that they may not have even previously been aware of.

Each Vendor and Product listing is arranged according to the same format for clarity and ease of use. Each listing (sorted alphabetically by vendor name) is comprised of:

  • The name of the vendor and contact information
  • A graphic showing the distribution of current clients by geography
  • A graphic showing client distribution by common industry segment
  • ComTech Advisory research highlights regarding the vendor and product,
  • A graphical matrix providing an overview of the product's capabilities, by function (vertical axis), by commodity (horizontal axis),
  • Company and product information comprised from a variety of sources including vendor’s submitted company and product description,
  • Vendor’s office locations,
  • Total installed base by licensed customer companies,
  • A representative list of users of the product,
  • Deployment methods of the highlighted product(s),
  • Office locations and contact phone numbers.

The product functionality and commodity coverage charts are easily readable and provide mid-level information about each vendor’s product capabilities.

ComTech’s methodology for constructing the Sourcebook was to distribute a spreadsheet and questionnaire for data collection. The majority of all vendors in the space were invited to submit their information for publication. Those that did wish to participate completed the entire questionnaire, including identifying by commodity and function (or feature) whether their software had 1) capabilities that were in use by a current user, 2) capabilities not currently used by a client or 3) provided no capabilities in each function/commodity combination. These were reviewed and edited by ComTech to ensure all vendors conformed to the same standard, and adjustments were made to some vendor responses to ensure consistency amongst all respondents. The information submitted by the vendors was used, in large part, to complete the vendor/product listing, along with information collected in other ComTech surveys and research. The final listings were compiled by ComTech analysts.

For information on CTRM vendors that elected to not participate in the production of this SourceBook, please visit http://www.CTRMCenter.com/ctrmdirectory/

CTRM Community

PM markets: grains join in commodites rally. Softs struggle

Published by agrimoney
Commodities broadly enjoy a strong session, helped by a weak dollar, with wheat getting extra vim from weather concerns. But softs miss out Read More... continue reading

Hard wheat leads rally in wheat prices, as US adds to weather woes

Published by agrimoney
Wheat futures close at multi-week highs in major markets. But hard wheat futures fare particularly well, as dryness slows US sowings of the type Read More... continue reading

Brent back above $50 on US output hopes

Published by Commodities Now
Source: Financial Times, 6th October 2015 Crude prices surge by more than 5 per cent Read the full article on FT.com Read More... continue reading

Household heating costs are expected to be lower than previous two winters

Published by U.S. Energy Information Administration
Most U.S. households can expect lower heating expenditures this winter (October through March) compared with the past two winters. In most regions, the decline in expenditures... continue reading

China sugar woes to drag it behind Thailand in output league

Published by agrimoney
Thailand is, for the first time, to overtake China in sugar production, US officials say, as gloom grows over Chinese prospects Read More... continue reading

AM markets: strong US harvest pace undermines soy futures

Published by agrimoney
Data showing US farmers flying ahead in soybean harvesting, in part at the expense of corn, dents prices of the oilseed. Hard wheat outperforms soft Read... continue reading

How diesel became the new environmental “evil” in Europe

Published by Platts Blog
As news of the Volkswagen scandal broke in the US, it was only a matter of time before the storm hit Europe’s shores. The news was... continue reading

FSSAI chairman to hold additional charge of CEO; Sandhya Kabra shifted

Published by Food and Beverage News
The churning in the rank and file of FSSAI that started with shifting of CEO YS Malik continues with Ashish Bahuguna, chairman FSSAI, taking up additional... continue reading

Industry Voices

CTRM Recruitment update with Carl Vellenoweth of Commoditas Partners

Published by Carl Vellenoweth
Spike in LNG CTRM skills Over the last 18 months there’s been an increasing number of multi-national and national oil companies setting up trading hubs,... continue reading

Iron Ore: swapping the physical for the paper trade

Published by Ami Katschinski
By Ami Katschinski, Trayport’s Head of Global Commodities, offers his views on the future of the global iron ore market The iron ore markets have... continue reading

Are you ready for the digital revolution of recruitment?

Published by Carl Vellenoweth
Every good company knows that it’s most important asset is its staff, right? That a good hire can keep a business afloat through low points... continue reading

November CTRM recruitment update with Carl Vellenoweth

Published by Carl Vellenoweth
In this month’s article, I would like to cover the involvement of social media, CTRM recruitment, and the growing demand for Metals CTRM talent. As... continue reading

Bets on crude surge ahead of OPEC meet

Published by Gary Vasey
MUMBAI: November 27 meet to decide on whether to cut crude output Retail level traders and professional speculators have been raising wagers on crude oil... continue reading

REMIT Emerges – The Rise of Transaction Surveillance in the Energy Industry

Published by Yasmine Li
Introduction In a world of ever increasing globalisation, markets which were once discrete have become increasingly interlinked and none more so than the wholesale energy... continue reading

October CTRM Recruitment Trends with Carl Vellenoweth

Published by Carl Vellenoweth
Post CTRM Conference Feedback In this months article, I would like to echo some of the topics mentioned at this years CTRM Conference in London,... continue reading

September Recruitment Update by Carl Vellenoweth

Published by Carl Vellenoweth
Nowadays, the recruitment market has a somewhat tarnished reputation along with other services within this sector. A good parallel example are the system integrators with... continue reading


  • Commodity Technology Advisory is the leading analyst organization covering the ETRM and CTRM markets. We provide the invaluable insights into the issues and trends affecting the users and providers of the technologies that are crucial for success in the constantly evolving global commodities markets. Our team is headed by Patrick Reames and Gary Vasey, a team whose combined 60-plus years in the energy and commodities markets provides depth of understanding of the market and its issues that is unmatched and unrivaled by any analyst group.
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