CTRM Center


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 software and to network. The CTRM Conference is a unique event and the best place to meet everyone involved in this side of the industry including currently registered delegates from Gunvor Group, Trafigura, Cargill, ADM, GasTerra, Mercuria, ROITI... 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 few deals’ and was looking at a very healthy pipeline. So much so, that they are seeking to double their staff by the end of 2015 as they move into delivery phase on a number of projects. Indeed,... 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

Brady Posts First Half results

Published by Gary Vasey
A few days ago, Brady PLC unveiled its first half performance for 2015 and I discussed these with Brady PLC CEO Gavin Lavelle. The company had revenues of... continue reading

Catching Up With Powel’s New GM

Published by Gary Vasey
On August 17th of this year, Powel announced that it had appointed Dr. Josef Janssen as General Manager for its Swiss office. Following on from the acquisition of... continue reading

CTRM Videos

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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 by the White House as one of “America’s leading private sector innovators using open data to solve the nation’s most pressing energy challenges,” today unveiled EnerKnol 2.0, the latest version of its cloud-based policy data platform that will enable business leaders to keep up with the increasingly complicated energy regulatory landscape. EnerKnol’s new offering puts energy decision makers at the helm with direct access to more than four million filings from federal, regional and state entities, with new enhancements for searching, tracking, and sharing policy updates, all on a single platform. Policy sources include the full universe of energy-related federal agencies, regional transmission... 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 out of a small change that is barely noticed at the time. Such might be the case with the London Metal Exchange‘s (LME) new premium contracts, scheduled for launch in November. Because with these new contracts will come position limits. There are perfectly reasonable grounds for limiting the size of trading positions on these particular products. But the LME is proposing to give itself the authority to introduce position limits “as a general power rather than a power specific to premium contracts” with one eye on looming, broader regulation in financial markets. And that could potentially represent a genuine revolution in the way LME trading has up to now... 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 Traders Face Higher Costs Under New European Rules

Published 28 September 2015 - (Bloomberg) by Mathew Carr and Rachel Morison – Commodity traders and consumers are set for higher costs as... continue reading

EU-Ukraine-Russia talks agree on the terms of a binding protocol to secure gas supplies for the coming winter

Published 28 September 2015 - After several rounds of trilateral and bilateral negotiations over the last months,... continue reading


Published 28 September 2015 - Opportune Consulting, Ltd. is pleased to announce that Tommy Mars has joined the firm as a Managing Director... continue reading

Trafigura Selects Allegro for Commodity Trading Risk Management

Published 25 September 2015 - Global Leader in International Trading and Logistics Selects Allegro 8 to Manage its Natural Gas Trading Operations September... continue reading

Brookfield Renewable Energy Europe selects Brady Cloud solution to handle Its UK power scheduling

Published 24 September 2015 - London: Brady plc (BRY.L), the leading supplier of trading and risk management... continue reading

Agiboo Announces New AgiBlocks Releases

Published 24 September 2015 - In Agiboo’s efforts to improve commodity management and financial management of our customers, Agiboo is proud to announce... 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

Joint Action Committee of 12 seeks CBI probe into FSSAI irregularities

Published by Food and Beverage News
The National Joint Action Committee of 12 different organisations (3 more added to earlier 9) related to food and drug business has demanded CBI probe into... continue reading

Stress on setting up global authority on tea, coffee to boost India trade

Published by Food and Beverage News
The 3rd edition of World Tea & Coffee Expo, which kicked off at Bombay Exhibition Centre, Mumbai, on Thursday, emphasised on setting up of a global... continue reading

PM markets: softs roar back, wheat eases on global supply

Published by agrimoney
Corn and soybean markets absorb a couple of large crop estimates, while sugar reaches a 4-1/2 month high Read More... continue reading

Coffee sector faces consolidation wave, industry bosses say

Published by agrimoney
Andrea Illy and Giuseppe Lavazza, the heads of two of Europe‘s top coffee groups, forecast further tie-ups in a quest to boost growth prospects Read More... continue reading


Published by ETR Advisory
ESMA have just issued an updated version of their  questions and answers document on EMIR (here), following on one day after a new Q+A was issued... continue reading

US E&Ps: cash gusher

Published by Commodities Now
Source: Financial Times, 2nd October 2015 We interrupt this commodities disaster for a special announcement — there is still money in oil Read the full article... continue reading

Going for gold: London bullion market finds no clear path to increasing liquidity

Published by Platts Blog
The London bullion market is in a state of flux, with participants — ranging from bankers to brokers to exchanges — jostling to find out exactly... continue reading

Hurricane Joaquin may cause problems for East Coast energy infrastructure

Published by U.S. Energy Information Administration
Hurricane Joaquin, which strengthened to a Category 4 storm on Thursday, is on track to move north along the East Coast this weekend, potentially bringing torrential... 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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