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Gary Vasey - Author Archive

‘Dubai Effect’ Takes AspectCTRM Over Middle East Sales Target Line

January 20, 2016 The city of Dubai is the backdrop against which commodity trade and risk management (CTRM) vendor Aspect won four landmark new contracts in 2016 for its market information portal and trade and risk management cloud solution – deals which on their own exceeded the company’s multi-million dollar... continue reading

Bulgaria, Macedonia discuss coupling of day-ahead power markets

SOFIA (Bulgaria), January 19 – The Independent Bulgarian Energy Exchange (IBEX) said it is discussing with representatives of the Electricity Transmission System Operator of Macedonia, MEPSO, and the Macedonian regulator the possibility of coupling the two countries’ day-ahead power markets. “If an agreement is reached regarding common steps and priorities... continue reading

CIO Article Asks Traceability Questions

I just found an interesting article in CIO magazine for December that although its a sponsored article, asks some interesting questions about ERP systems in the Food and Beverage space. Food and beverage manufacturers are facing tougher challenges than ever before. Massive food recalls have led to an unquenchable demand... continue reading

Oil set for weekly fall on doubts over extent of OPEC cuts

By Ahmad Ghaddar | LONDON Oil prices are on track to end the week lower on lingering doubts over the extent of OPEC cuts, with sentiment worsened by concerns over the health of the Chinese economy after it reported the steepest falls in exports since 2009. Brent crude futures LCOc1,... continue reading

Russia Engaged in Anti-Fracking Campaigns?

Hidden inside the recent report on Russian meddling in the US election is something rather interesting. In fact, it’s been hinted at for a couple of years and was even the subject of a Forbes article in which Continental Resources CEO said “Russia’s spent a great deal of money over... continue reading

AxiomSL extends trade and transactions reporting solutions to the energy and commodities trading sector

9 January 2017 – AxiomSL, the leading global provider of regulatory reporting and risk management solutions, is proud to announce it is currently rolling out its global trade and transaction reporting solution to one of the major oil and gas producers with global trading and hedging activities. The firm has... continue reading

Tokyo Gas Selects Allegro to Manage its Electricity Trading Operations

Japan’s largest natural gas utility will manage its power trading business with a centralized CTRM system from an industry leader. TOKYO (PRWEB) JANUARY 09, 2017 Allegro Development Corporation, a leading provider of commodity management software, today announced that Tokyo Gas, the largest natural gas utility in Japan and the primary... continue reading

Beacon – A cloud-based financial platform comprising trading and risk tools

Just before Christmas, I had a demonstration from a company called Beacon. The company was founded in early 2014 by Kirat Singh and Mark Higgins, both Technologists with a track record of delivering comprehensive trading technology platforms for banks like JPMorgan, Bank of America Merrill Lynch and Goldman Sachs. Rather... continue reading

China COFCO grains chief Matt Jansen leaves

China’s COFCO Group [CNCOF.UL] said on Friday chief executive of its international grains business Matt Jansen has resigned, just 18 months after joining the state-owned agricultural trader as it pursued a massive global expansion. The company has installed COFCO Vice President Jingtao Chi, who is known as Johnny, as CEO... continue reading

The Seam to Form Cotton Blockchain Consortium with IBM on Hyperledger Fabric

MEMPHIS, TN / ACCESSWIRE / January 5, 2017 / The Seam, a commodities trading and agribusiness software provider, today announced that it is forming a blockchain consortium for the global cotton industry. Working with IBM, the company intends to lead an industry-wide collaboration initiative to create a supply chain and... continue reading

Traceability May Be The Hot Issue For 2017

Traceability is rapidly becoming or is already a major issue for many commodities. The widely accepted definition of traceability from the International Organization for Standards (ISO) is as follows, “The ability to identify and trace the history, distribution, location and application of products, parts and materials, to ensure the reliability... continue reading

Oil dips on doubts over touted production cuts

By Henning Gloystein | SINGAPORE Oil prices dipped on Thursday, hit by doubts that producers would fully deliver on promises to cut output, although record U.S. automobile sales and falling crude stocks offered markets some support. Brent crude futures, the international benchmark for oil prices, were trading at $56.29 per... continue reading

INTL FCStone Launches New Risk-Management Platform Converge

Daily Coffee News – Nick Brown | January 3, 2017 The commodity trading services and risk-management firm INTL FCStone has released a new platform that it suggests could help smaller actors involved in the coffee commodity trade better mitigate risk. The product, called Converge, is being pitched to producer groups... continue reading

Attention Consultants and Integrators!

The list of consulting firms and Integrators offering services in and around CTRM software will be updated between now and mid-February. Please check to see if your listing is accurate or even included and get back to us with any changes or additions. You can find the publication here. For... continue reading

Vitol clinches $1 billion pre-finance oil deal with Iran: sources

By Julia Payne and Rania El Gamal | LONDON/DUBAI The world’s largest oil trader, Vitol, has clinched a deal with the National Iranian Oil Co. (NIOC) to loan it an equivalent of $1 billion in euros guaranteed by future exports of refined products, four sources familiar with the matter said.... continue reading

Happy New Year!

We wish all of our readers a Happy and prosperous New Year!... continue reading

Trayport Contigo ETRM / CTRM
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