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/
European Regulations – REMIT Reporting Services and Solutions
The Regulation of the wholesale Energy Market Integrity and Transparency (REMIT) came into force in December 2011, twenty days after the “Level 1” text was passed by the European Parliament. The main purpose behind REMIT is to outlaw market abuse in the wholesale gas and power market in Europe. REMIT is part of the “third package” of rules that are intended to move the EU towards a single wholesale market.
REMIT applies to all physical and financial trades, and also includes LNG where the supply is intended for the EU network.
Anyone who executes a trade for delivery inside the EU is subject to the rules, no matter where in the world they are based. In this sense REMIT is distinct from many financial regulations. REMIT is enforced by National Regulatory Authorities (NRAs), who are local energy regulators. For example, Ofgem enforce REMIT in the GB market using specifically drafted UK regulation which has extended their powers of enforcement (Northern Ireland is covered by the “Utility Regulator”). The entire effort is coordinated on an EU wide basis by ACER, the Agency for the Cooperation of Energy Regulators.
Analyst Note - Eka Commodity Analytics Cloud
Eka recently announced a new product line, separate and apart from their other product offerings based on the InSight CM platform. This new product, Commodity Analytics Cloud, does represent a departure from other commodity management products on the market and we believe it potentially represents a new software category within the CTRM marketplace. As such, we are providing this Analyst Briefing Note update to provide some of our early views.
For a more complete coverage of Eka, including a corporate overview, strategy discussion and products overview, by ComTech analysts, please refer to our most recently updated ComTech Analyst Briefing Note released in November 2014.
Eka recently announced the release of a new product that it terms the Commodity Analytics Cloud. According to the company, the goal of the new application is to accelerate information flow and analysis for commodity trading and commodity management companies. The solution crosses several categories of technology and software, including integration solutions, BI tools, analytics, Big Data solutions, data cubes and cloud offerings; and as such, it’s a product that is difficult to slot in any single existing solution category.