Gary Vasey - Author Archive

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

Commodity Futures Trading Commission (CFTC) Issues Final Trade Execution Rules

On May 16, the Commodity Futures Trading Commission approved a new regulatory framework applicable to swap execution facilities (SEFs). The regulatory framework governs the registration and operation of SEFs, and is largely based on the Core Principles and other requirements contained in Section 5h of the Commodity Exchange Act (CEA).... continue reading

Welcome to the CTRMCenter

Welcome to the newly launched CTRMCenter! CTRMCenter is your source for everything ‘CTRM’. This online portal, sponsored by Commodity Technology Advisory, features the latest news, opinions, information and insights on commodity markets technologies delivered by some of the industry’s leading experts and thought leaders. CTRMCenter features; * A blog focused... continue reading

CFTC rules on swaps trading put demands on compliance oversight

By Nick Paraskeva, for Compliance Complete NEW YORK, May 29 (Thomson Reuters Accelus) – New U.S. rules requiring many over-the-counter derivatives to be traded on swap execution facilities and exchanges will have a major impact on the compliance and risk processes of market participants. Price quotation, execution and trade reporting requirements... continue reading

Energy traders to sniff out agricultural assets -ABN AMRO

By Sarah McFarlane LONDON, May 29 (Reuters) – Oil traders are expected to invest more in agricultural assets, using their financial muscle to diversify their interests and position themselves to take advantage of the long term bull case for the farm sector, a senior ABN AMRO executive said. Energy giants... continue reading

U.S. fines FCStone $1.5 mln for ‘massive’ natgas trade

By David Sheppard and Josephine Mason NEW YORK May 29 (Reuters) – U.S. regulators fined commodity broker FCStone LLC on Wednesday for allowing two natural gas traders to amass a “massive” position in 2008 that eventually blew up, leading to $127 million in losses for the brokerage. The size of... continue reading