Gary Vasey - Author Archive

komgo blockchain platform for commodity trade finance goes live

GTR – komgo, a new blockchain-based platform backed by some of the world’s largest commodity trade finance banks, is now live. komgo is a platform that digitises and streamlines trade and commodity finance. Founded as an independent venture in August 2018, its 15 shareholders include a mix of corporate and financial... continue reading

A Role for Social Media?

Social media have become a very popular medium and arguably a relatively untapped source of potentially useful intelligence for commodity businesses. Twitter and industry expert blogs are already utilized in other asset classes, such as equities, to provide traders with both trading signals and sentiment analysis. Unfortunately, the flood of... continue reading

Nasdaq failed to supervise power traders properly – Norway FSA

By Terje Solsvik and Gwladys Fouche OSLO, Jan 10 (Reuters) – Nasdaq’s Nordic commodity exchange in Oslo failed to supervise trading members adequately, relying too heavily on shared resources with other Nasdaq units and blurring responsibilities, Norway’s Financial Supervisory Authority said on Thursday. The report, the result of investigations that... continue reading

Oil drops by 1 percent on U.S. supply surge, caution after U.S.-China trade talks

SINGAPORE (Reuters) – Oil prices fell by more than 1 percent on Thursday on swelling U.S. supply and amid caution after talks between the United States and China finished without any concrete details on a resolution to their trade disputes. U.S. West Texas Intermediate (WTI) crude oil futures CLc1 were... continue reading

Drillinginfo Provides Market Clarity in Report Focused on Price Drop Impacts

Latest FundamentalEdge Series update “After the Storm” outlines new 5-year outlook Austin, TX (January 9, 2018) – Drillinginfo, the leading energy SaaS and data analytics company, has released After the Storm, a forward-looking report on the company’s current view of the oil, natural gas, and NGL markets over the next... continue reading

Norway Drugmaker Turns Oil Trader And Quickly Loses Millions

By Mikael Holter If you’re a small drugmaker with a successful diabetes treatment, but concerned you lack scale in the global market, what’s your next move? Norway’s Vistin Pharma ASA decided to hire an oil-market analyst and place large bets on the price of shipping fuels. It didn’t work out... continue reading

See You At ComRisk!

CTRMCenter and Commodity Technology advisory are proud to announce that CTRMCenter is a media partner for ComRisk 2019. As a part of this partnership, we will be following ComRisk a little more closely and I will be moderating one of the panels – something I am looking forward to.  Look... continue reading

ION Enveils Enhanced Scripting In Latest Update Of Its SaaS-Delivered Aspect CTRM Solution

JANUARY 9, 2019 ION, the largest global provider of trading, analytics and risk management solutions for commodities and treasury management, today announced the availability of Aspect 18.3, the next release of its commodity trading and risk management (CTRM) software, with new enhanced scripting customization for better informed, more efficient and... continue reading

E1 CORPORATION SELECTS ALLEGRO’S CTRM SOFTWARE

E1 CORPORATION SELECTS ALLEGRO’S CTRM SOFTWARE Leading Korean LPG Business Chooses Allegro’s Cloud-ready CTRM Software for Enhanced Capabilities in Trade Capture, Logistics, Risk Management, and Exposure Reporting SINGAPORE, Jan 8, 2019 – Allegro Development Corp., the global leader in commodity trading and risk management (CTRM) software coupled with advanced analytics,... continue reading

Corporate deals drive U.S. Oil & Gas M&A to 4-year record before year-end stall

$84 billion in 2018 highest since $101 billion in 2014 Austin, TX (January 8, 2019) – Drillinginfo, the leading energy SaaS and data analytics company, announces that U.S. upstream oil & gas M&A clocked in at $84 billion in 2018 for the highest total since oil prices fell from their... continue reading

ProCom at E-world energy & water, on February 5–7, 2019, at the Essen Exhibition Center, Hall 3, Booth 440

ProCom ITA solution for intraday electricity trading upgraded with new features and functions Aachen (Germany) – ProCom is promoting version 3.0 of its ITA solution at the E-world energy & water 2019. ITA supports users for placing orders and registering transactions, and it provides an overview of the intraday market... continue reading

Oil prices up on trade talk hopes and OPEC cuts

LONDON (Reuters) – Oil prices rose on Tuesday, supported by hopes that talks in Beijing between U.S. and Chinese officials might defuse a trade dispute between the world’s two biggest economies, while OPEC-led supply cuts also tightened markets. International Brent crude futures LCOc1 gained 92 cents to $58.25 per barrel... continue reading

Fendahl Appoints Gareth Davies as Fendahl Director of Product Management

Fendahl is pleased to announce the appointment of Gareth Davies the new Director of Fendahl Product Management. Gareth will be responsible for directing future Fusion CTRM solution product strategy. Gareth joins Fendahl from OpenLink Financial LLC. OpenLink is a former leading provider of treasury and risk management solutions. While at... continue reading

Olam International to shut sugar trade desk -spokeswoman

By Renita D. Young and Ayenat Mersie NEW YORK, Jan 8 (Reuters) – Singapore-based agricultural commodities trading firm Olam International Ltd will shut its sugar trade desk, spokeswoman Nikki Barber said on Tuesday, another sign of pressure on trading houses. The decision comes after raw and white sugar futures on... continue reading

Scalable Data Systems Acquired by Sonata Software

Another acquisition in the CTRM space has taken place down under over the holidays as Sonata Software announced that it had acquired Scalable Data Systems. Scalable Data Systems is an Australian-based vendor that has has been delivering ERP Systems to customers across often overlapping industry segments including areas like manufacturing,... continue reading

Global Canopy: New Tools Provide Significant Opportunity for Latin American Banks to “Underwrite Regional Food Security”, Through Better Management of Soft Commodity Risks

Global Canopy adds new tools and guidance to the Soft Commodity Risk Platform (SCRIPT), produced in partnership with WWF, to help regional banks better manage sustainability risks for commodities such as palm oil, soy, cattle and seafood. Progress on cattle and soy: A quarter of 24 Latin American banks assessed now... continue reading