Patrick Reames - Author Archive

Commodity funds down in first quarter, even as energy markets rally

(Reuters) – Two-thirds of commodity hedge funds lost money in the first quarter, extending last year’s dismal run, possibly because they bet against higher crop and energy prices in a rallying market, data from futures broker Newedge and banker HSBC showed on Wednesday. Of some 120 commodity-focused funds in the... continue reading

Eka Named to the Inc 500 List of Fastest Growing Companies

Norwalk, CT – May 1, 2014: Eka Software Solutions, the leading global provider of Smart Commodity Management software solutions, today announced it was named to the Inc. 500 list of Fastest Growing Companies. Eka was recognized for significant achievements in 2013 including rate of growth, outstanding leadership, achievement of globalization,... continue reading

Shale Revolution Lures Trading Houses to U.S. Energy Assets

Bloomberg; By Lynn Doan and Dan Murtaugh.  Merchants from Vitol Group, the largest independent oil trader, to a company backed by billionaire Paul Tudor Jones are amassing physical energy assets in the U.S. at an unprecedented rate as shale output revives stagnant fuels markets. Castleton Commodities International LLC, financed in... continue reading

Trafigura Says Commodity Traders Don’t Pose Same Risk as Banks

(Bloomberg News) By Isaac Arnsdorf Commodity trading firms probably don’t pose systemic risks to the global economy as the companies draw increased scrutiny and banks step back from raw materials, Trafigura Beheer BV said in a report. Trading houses, such as Amsterdam-based Trafigura, are smaller than banks and have less... continue reading

FERC is proposing to make life harder for gas suppliers

A few weeks ago FERC issued a notice of proposed rule making (NOPR) that, if put into place as outlined, is going to have a significant impact on companies that producer and/or sell gas in the wholesale market. The title given by the FERC to this proposed new set of... continue reading

Allegro Development Provides $2.3 Million Worth of Software to WSU’s Koch Global Trading Center

DALLAS, TX, April 22, 2014 – Allegro Development Corporation , a leading provider of commodity value chain and risk management (CVCRM) software, has donated a software package valued at $2.3 million to Wichita State University’s new Koch Global Trading Center. WSU students will use the software as a tool to... continue reading

New ComTech “Leaders in CTRM Technology” video – Mr. Austin Morris, SunGard Consulting

We’ve just posted our latest episode of Conversations with Leaders in CTRM Technology.  In this new video, Austin Morris, Managing Partner of SunGard Consulting, discusses some of the critical issues in the up-stream oil and gas market in the US, the current state of market readiness for Dodd Frank and... continue reading

Barclays to wind down commodities trading

CNBC – Barclays, one of the world’s biggest commodities traders, is planning to exit large parts of its metals, agricultural and energy business in a move expected to be announced this week. The shake-up comes as commodity trading suffers a sharp slide in revenues and attracts greater scrutiny from regulators,... continue reading

A High Energy debate – US gas and crude exports

The question of whether the US should export some portion of its new found bounty of natural gas in the form of LNG is a hot topic.  With Russia threatening a wider move into Ukraine, imperiling about 40% of western Europe’s gas supply, leaders on both sides of the Atlantic... continue reading

Interesting stuff from (and about) Aspect Enterprise Solutions

Gary and I had a update from Aspect Enterprise Solutions yesterday.  Though not the most well-known company in the ETRM / CTRM space (having changed their name from Oil Space a few years ago), they have certainly been recording some good success over the last couple of years and that... continue reading

The IPCC’s New Climate Change Report is out and I hate to break this to you, but we’re are all going to die

The UN’s Intergovernmental Panel on Climate Change (IPCC) just released their latest report on the impacts of global climate change (once known as global warming, until the warming thing stopped about 17 years ago).  This latest report, the 5th in an ongoing series that has been published since 1990, avoids... continue reading

Commodity Traders Say Global Sanctions Hurt Legitimate Business

Bloomberg News – Economic sanctions around the world are inhibiting commodity-trading companies from conducting legitimate business, a survey shows. More than half of the traders, producers and financiers surveyed by Clyde & Co. said a lack of clarity on sanctions law is hurting their ability to conduct transactions, according to... continue reading

Polenergia Obrót selects Trayport®’s GlobalVision Trading Gateway to accelerate growth

London, 31 March 2014 Trayport, a leading provider of energy trading solutions to traders, brokers and exchanges worldwide, today announced that Polenergia Obrót are now using GlobalVision Trading Gateway through a Software as a Service (SaaS) delivery model, for power trading in Central and Eastern Europe (CEE). Trayport’s GlobalVision Trading... continue reading

LME tightens ‘Chinese Wall’ rules on warehouses, traders

(Reuters) – The London Metal Exchange (LME) pressed on with reforms to its warehousing network on Friday, unveiling tighter “Chinese Wall” restrictions a day after a court ruling forced the LME to halt a plan to cut delivery backlogs. The LME said it would bolster rules on firms that both... continue reading

Invisible men lined up as heirs at commodity traders

(Reuters) – Abrupt leadership changes at commodity traders Trafigura and Gunvor over the past week have put a sharp light on an industry-wide challenge: shifting oversight from a legion of legendary, aging leaders to a new generation. Trafigura’s co-founder and chief executive Claude Dauphin, 63, who owns less than a... continue reading

Gerald Selects Brady for Iron Ore Trading

19th March 2014, London:Brady plc, the leading supplier of trading and risk management solutions for commodities, energy and recycling, announced today that it has extended its solution functionality with the Gerald Group, a leading global trader of commodities, focused on non-ferrous metals and bulk materials. Gerald has extended its use... continue reading