Patrick Reames - Author Archive

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

Ukraine crisis brings urgency to Senate Democrats’ push on natural gas exports

  Washington Examiner, By Zack Colman.  Some Senate Democrats are beginning to rally behind exporting natural gas on national security grounds. Debate unfolded Wednesday in the Senate Foreign Relations Committee, where Sen. John Barrasso, R-Wyo., tried to tie to a Ukrainian aid bill an amendment requiring the Energy Department to... continue reading

EON’s Proprietary Energy-Trading Loss Narrows While Volumes Drop

Bloomberg – By Rachel Morison. EON SE, Germany’s biggest utility, reduced losses from buying and selling energy for its own account in 2013 as it recovered from lower earnings in gas, oil and eastern European power markets a year earlier. EON’s proprietary trading unit lost 49 million euros ($68 million)... continue reading

Ukraine crisis threatens upheaval of global commodities trading

The Australian, by BARRY FITZGERALD AND SUE NEALES The heavy geopolitical overtones to the flash point on the Crimean peninsula in Ukraine has global commodity markets working overtime on the consequences the crisis could serve up to global energy, minerals and agriculture trade flows. The initial assessment of the escalating... continue reading

What can we learn about hiring from Google?

In a New York Times article a couple of days ago, Google’s “head of people operations”, Laszlo Bock laid out what the company viewed as the ideal new hire.  It essentially boiled down to this – college experience and grades don’t matter – they want someone that is intellectually humble,... continue reading

U.K. FCA: Commodities Houses Pose Oversight Challenges

Reuters, by Sara Kent. LONDON—The greater role being played in commodities markets by trading houses poses regulatory challenges and risks to market integrity, the U.K.’s Financial Conduct Authority warned Thursday. As tighter regulatory requirements have reduced banks’ activities in the sector, their places have been taken by specialist companies, many... continue reading

Cargill loses $100 mln in U.S. winter energy trade – SparkSpread

(Reuters) – Global commodities trader Cargill Inc lost at least $100 million after a weeks-long bout of frigid weather in the United States sharply lifted power and natural gas prices, an industry publication reported on Thursday.Cargill lost most of the money in the PJM power market, the Pennsylvania-based electric power... continue reading

Visiting with Allegro’s executive team

I had the opportunity to meet with Allegro’s CEO, Ray Hood, and most of his senior leadership team this week for an analyst briefing in which they discussed their 2013 results and laid out their plans for 2014 and beyond.  Though some of the briefing was provided confidentially, there were... continue reading

Bank exits boost utilities, funds in Europe gas and power trading

(Reuters) – By Henning Gloystein and Vera Eckert Tougher European financial regulations have prompted banks to leave power and gas trading, meaning greater dominance by utilities and trading houses and less appeal for investors.The global commodities market for banks has shrunk to about $4 billion from as high as $12... continue reading

Quorum acquires Woodlands Solutions

Quorum Business Solutions (Quorum) will announce on Monday that it has acquired Woodlands Solutions, the Houston-based ETRM provider.  According to an early release provided by Quorum, Woodland’s “Phoenix ETRM will augment Quorum’s portfolio of software solutions that manage operational, administrative, financial, and transactional business processes for energy companies. The addition... continue reading