Just before the Christmas holidays, I talked with David Edwards, Managing Director, of BlackLight Systems. BlackLight Systems claims to be the first commodity trading and risk system to be designed by ‘traders for traders’. It offers trade capture, exposure management and decision support, and boasts a modern, intuitive, and highly configurable layout on its website.
“It’s not a full-blown ETRM but is focused on front office and risk activities primarily,” he told me. “It’s a trader tool, designed for traders by traders with ease of use in mind.” He went on to say that he sees BlackLight filling an underserved niche in the market, replacing trader spreadsheets, and providing visualization and risk tools for the front office generally.
The software incorporates real time risk management, live mark to market, historical forward curves and a live global suite of refinery and chemical outages, Built using .Net, it is hosted in Azure and is available as a subscription service in the cloud making it ideal for smaller trading businesses or as a front office and risk tool feeding an enterprise ETRM platform. It also allows the vendor to offer free 30-day trials.
We will be following BlackLight Systems more closely in the coming months to see what progress the vendor makes.