Gary Vasey - Author Archive

Swiss parliament opens way for more transparency in commodities, mining

(Reuters) – The Swiss parliament agreed a motion on Tuesday that could result in tougher rules for the mining and commodity trading sectors, reviving a fierce debate over transparency in the $20 billion sector. The vote in Switzerland’s lower house follows the release of a government inquiry in March that... continue reading

ZE Launches ZEMA Curve Manager 4

June 12, 2013, RICHMOND, B.C., Canada – ZE PowerGroup Inc. (ZE) today announced the launch of Curve Manager 4, the latest product to be added to the recent release of ZEMA 4, the comprehensive data management solution for energy and commodities markets. Curve Manager 4 is an automated workflow engine... continue reading

Trader Mercuria reveals record EBITDA ahead of stake sale

By Dmitry Zhdannikov (Reuters) – Commodity trading house Mercuria saw record core earnings for 2012 as it emulated rivals like Vitol in expanding outside oil trading into areas such as power and gas to seek extra profits after some banks pulled out from commodities trading. Mercuria, which doesn’t disclose results... continue reading

Salt River Project Agricultural Improvement and Power District Selects Allegro Energy Trading and Risk Management

DALLAS — Allegro Development Corporation, a leading provider of energy trading and risk management (ETRM) software, announced today that Salt River Project Agricultural Improvement and Power District (SRP) has chosen the Allegro 8 platform to support their energy risk management organization. SRP provides electricity to more than 950,000 customers in... continue reading

Treamo launches Cloud – based SaaS solution for corporate EMIR reporting

EMIRate provides simple and cost efficient compliance with EMIR reporting requirements Vienna, 11.06.2013. The treasury consultancy and IT solution specialist Treamo Business Consulting is developing a reporting platform for corporates affected by EMIR (European Market Infrastructure Regulation). EMIR? Even several months after this EU-wide reporting obligation came into force, many... continue reading

CBH Group, one of Australia’s largest grain companies, goes live with Eka

11 June 2013, Perth & Bangalore: Eka Software Solutions, the leading provider of software for commodity companies, announced today that the CBH Group (CBH), one of Australia’s leading grain organisations, has now gone live with Eka’s end-to-end Eka.Agriculture platform. CBH has deployed Eka’s Commodity Trading and Risk Management (CTRM) solution... continue reading

One Month In…

One month after rejoining Patrick here at ComTech Advisory, I am already busy. Having got this site populated and launched, I am now focused on assisting a client shortlist some CTRM solutions for consideration and working with Aviv Handler of ETR Advisory on our European Regulatory Report amongst other things.... continue reading

Commodity Futures Trading Commission (CFTC) Staff Issues New and Extends Current No-Action Relief

The Commodity Futures Trading Commission recently released two no-action letters (i) extending relief provided to futures commission merchants (FCMs) relating to risk-based limits for bunched orders and (ii) providing relief to eligible treasury affiliates from certain swap clearing requirements. Risk-Based Limits for Bunched Orders: In CFTC Letter No. 13-21, the... continue reading

Triple Point Launches Commodity XL for Agriculture 8.0

Provides Business Intelligence for all Aspects of the Agriculture Supply Chain Westport, CT (June 10, 2013) – Triple Point Technology, the leading global provider of on-premise and in-cloud Commodity Management software, announced today that it has launched Commodity XL for Agriculture™ 8.0. This major new release of Triple Point’s award-winning... continue reading

Allegro Appoints Aditya Srivastava as Senior Vice President of Engineering and CTO

DALLAS, Jun 10, 2013 (BUSINESS WIRE) — Allegro Development Corporation, a leading provider of energy trading and risk management (ETRM) software, announced today the appointment of Aditya Srivastava as Senior Vice President and Chief Technology Officer. Srivastava comes to Allegro from JDA Software Group, a software and consultancy company specializing... continue reading

OTC traders unprepared for new US rules effective Monday

As of June 10, 2013, traders of certain over-the-counter derivatives will have make substantial changes to their trading practices. According to Gordon Peery, writing in Borden Ladner Gervais’ Derivatives Client Alert, traders will be subject to U.S. Commodity Futures Trading Commission rules requiring these derivatives to be traded on a... continue reading

Rep. Markey wants the CFTC to clamp down on high-speed traders

The nation’s commodity’s regulator needs explicit authority to heavily fine and regulate computerized high-speed traders in commodities. So says a new bill introduced Thursday by Rep. Ed Markey, Democrat of Massachusetts. Markey argues that speed traders operate without sufficient controls and new oversight is needed to protect Americans from “fraud,... continue reading

Chinese yuan to rival dollar in commodity trade – bankers

* China seen tackling convertibility issues * Yuan clearing begins in Singapore commods hub By Emma Farge GENEVA, June 6 (Reuters) – China’s yuan will become a key currency for trade in commodities over the next few years and has already begun making inroads into the U.S. dollar’s dominance in... continue reading

ComFin and Comcore

As you may imagine, I am catching up with all the vendors again since joining Patrick at ComTech Advisory. One of those calls was with ComFin Software of Vienna. I spoke with Mr Gerald Neher and Mr. Daniel Gallar of the company and also had a demo of their new... continue reading

The Rush to the Cloud?

As I was boarding my flight today at London Heathrow, I was reading the FT and the story regarding IBM and Salesforce.com making large acquisitions of cloud companies. IBM apparently paid $2bn for SoftLayer of Dallas, TX while Salesforce.com paid $2.5bn for ExactTarget of Mn. The valuations were estimated at... continue reading

EU Seeks Feedback on ICE-NYSE Commodities Trading Impact

uropean regulators scrutinizing IntercontinentalExchange Inc. (ICE)’s plan to buy NYSE Euronext (NYX) asked users if the merger would reduce competition in soft-commodities markets amid concern among traders over fees and trading hours. The European Commission sought feedback on the impact for derivatives on cocoa, coffee, sugar and rapeseed and U.S.... continue reading