Gary Vasey - Author Archive

Marc Rich, 78, Pardoned Financier, Dies in Switzerland

THE ASSOCIATED PRESS GENEVA — He was a wheeler-dealer pardoned by another consummate dealmaker, a working-class Jewish boy who left Belgium to escape the Nazis and rose to become the billionaire “King of Commodities.” Marc Rich’s connections to the rich and powerful not only made him fabulously wealthy but when... continue reading

New Company Seeks ESMA Approval For Trade Repository

A new company set up by CapitalTrack, Capital Market Daily Portal and Fincore believes its trade repository will be attractive to market participants because it is not affiliated to a clearing house A new company set up by three technology and network vendors plans to apply this week to the... continue reading

Venice PMI enters into Energeya’s capital

Venice PMI S.p.A., an investment holding focused on small and medium sized companies in Italy, fully owned by Palladio Finanziaria S.p.A., has entered in May 2013, with a minority stake, into the capital of Energeya. Alessandra Todde, CEO of Energeya, comments: “The operation has the objective to strengthen the company... continue reading

A Visit with Richard Quigley at DataGenic

DataGenic provides data management solutions to the commodities trading and other industries. Founded in 2002, the company has been led by CEO, Richard Quigley, since mid-2007 and he has helped transform DataGenic into an industry-leading software services company located in three countries. I chatted with Mr. Quigley recently about the... continue reading

Energy Solutions International (ESI) Selected by UK’s Oil and Pipelines Agency (OPA) and Costain Group Plc. to Implement Synthesis® on 2000 km Pipeline and Terminal Network

Houston, Texas – June 25, 2013: Energy Solutions International (ESI) has been selected by the UK’s Oil and Pipelines Agency (OPA) and its operations and maintenance contractor, Costain Group Plc., to implement the Synthesis® solution across the 2,000 km fuel pipeline and terminal network known as the Government Pipeline and... continue reading

Paul A. Bhatt Joins GlobalView as Managing Director, Europe and Africa

Chicago, IL (PRWEB) June 24, 2013 GlobalView, a leading provider of real-time and historical energy market data management solutions, has announced that Paul A. Bhatt has joined the company as Managing Director, Europe and Africa based in London. In his new role, Paul will lead GlobalView’s efforts to further establish... continue reading

Long Island Power Authority Scrutinized Over Consulting Fees

By PATRICK McGEEHAN The Long Island Power Authority, which came under scathing criticism after its hobbled response to Hurricane Sandy, is facing new scrutiny after a commission found evidence of “highly questionable” billing practices and “exorbitant” expenses charged by a consultancy that was deeply involved in the authority’s business, according... continue reading

Morgan Stanley to exit some commodities markets

LONDON, June 20 (Reuters) – Morgan Stanley will trim its commodities division by exiting areas such as trading of agricultural products, freight and some European power and gas following similar steps by other banks due to a poor outlook for revenue. The move will lead to the departures of around... continue reading

AgiBoo Making Progress with its CTRM Solution AgiBlocks

Agiboo was founded in the Netherlands in 2009 to provide next generation CTRM solutions and consulting services to the industry. Last week I had a catch up demonstration with Jan van den Brom of Agiboo to see how its development of AgiBlocks, its CTRM solution, was coming along. AgiBlocks is... continue reading

Indian Commodity Transaction Tax from 1 July: All you need to know about it

The Finance Ministry today notified the implementation of Commodity Transaction Tax (CTT) which will be levied primarily on processed agricultural commodities, including sugar, soya oil and mentha oil. The lax will be levied from 1 July. Finance Minister P Chidamabaram had proposed this new levy in the Finance Bill, 2013... continue reading

The Boys Are Back in Town

This article originally published as a ComtechAlert newsletter – sign up for your ComTechAlert here. For the last 18-months, I have been working on the ‘end user’ side of the industry. It was fun. Nevertheless, it also convinced me of the need for reliable data, quality analysis and information. As... continue reading

Brady CTRM selected by Agrifert SA for Soft Commodities Trading and Risk Management

Brady plc (BRY.L), the leading global supplier of trading, risk management and settlement solutions to the metals, recycling, energy and softs sectors, announced today that Swiss-based soft commodities trading company, Agrifert SA, has licensed Brady’s Trading & Risk Management solution to handle its global soft commodities trading and risk requirements.... continue reading

Eka leads the way with new approach to commodity risk management

Eka.Risk Platform launch set to break new ground FOR IMMEDIATE RELEASE 19 June 2013, Adelaide, Calgary, Norwalk, London & Bangalore: Eka Software Solutions, a global provider of advanced commodities software, today announced that it is set to launch a new, ground-breaking risk management platform for commodities – Eka.Risk Platform –... continue reading

Oil traders diversify into food and metals in quest for profits

* Oil traders to seek grain storage, port capacity assets * Glencore results suggest energy margins thinnest * Long-term bullish outlook for agriculture remains intact By Emma Farge and Sarah McFarlane GENEVA/LONDON, June 17 (Reuters) – Energy trading houses are diversifying into food commodities and metals, which makes them likely... continue reading

India’s Commodity Transaction Tax (CTT), What Impacts on Commodity Futures Exchanges?

In an apparent policy u-turn, New Delhi has deferred the official notification that will pave the way for the implementation of the long-awaited commodity transaction tax (CTT) in India. The official notification was expected on June 1, 2013 so as to enable commodity futures exchanges to undertake necessary changes in... continue reading

Triple Point Launches Commodity XL Strategic Planning and Procurement 8.0

WESTPORT, CT, Jun 13, 2013 (Marketwired via COMTEX) — Triple Point Technology, the leading global provider of on-premise and in-cloud Commodity Management software, announced today the availability of Commodity XL Strategic Planning and Procurement(TM) (SPP) 8.0. This new release of Triple Point’s award-winning Commodity Management solution enables food and beverage,... continue reading