Aspect, leading global provider of cloud commodity trading and risk management solutions, announced today a new partnership with The Jesse H. Jones (JHJ) School of Business at Texas Southern University in Houston. The school is using AspectCTRM in the classroom to teach the next generation of energy and commodities traders best practices in trading using real world tools and scenarios used by today’s industry professionals.
Aspect has gifted the University a subscription to the AspectCTRM software covering deployment, support and training. The gift is valued at more than $1.7M.
Professors will use AspectCTRM to demonstrate how traders monitor profit and loss, inventory analysis, physical oil movements, financial accounting methods and reporting, tax practices, and other activities in its Introduction to Energy Accounting Course. The class is designed to enhance students’ accounting skills and marketability in the global energy market.
Sheshieda Davis, Managing Director of the Americas at Aspect, says “We are thrilled to be part of a program that helps train commodity traders of the future. The students will benefit from this leading course for years to come. We have clients right here in Texas using the same software.”
Students will also be shown scenarios of how leading trading firms use AspectCTRM. They will get the opportunity to manage a crude physical and financial portfolio that they will run using a budget of $1M under their own company name.
Muriel Funches, Executive Director of Advancement at the JHJ School of Business, is very appreciative of this donation. Funches explains, “We’re excited to have Aspect’s veteran staff of CTRM experts bring their expertise in our classroom for students to begin to explore real time trading and future careers as commodity traders; this experience will allow students to frame their futures.”
Aspect’s cloud technology makes it possible for a University to leverage the tools, because it can be deployed and managed remotely from Aspect’s Houston office, with no IT staff needed on the JHJ School campus.
About The Jesse H. Jones School of Business at Texas Southern University
The Jesse H. Jones School of Business (JHJ) at Texas Southern University was founded in 1955 to service an increasing student interest in business in the City of Houston. Today, JHJ is on the forefront of business schools, providing cutting-edge, innovate programming to business students from all over the world. Named as one of the “Best 300 Business Schools” by the Princeton Review, Texas Southern University’s Jesse H. Jones School of Business is accredited by AACSB International, the hallmark of accrediting agencies for business schools worldwide.
Aspect (www.aspectenterprise.com) is a leading global provider of multi-commodity trade, risk and operations management applications delivered Software-as-a-Service (SaaS) in the cloud. With almost 500 customers in 90 countries, it’s one of the fastest growing providers with rapid deployment, affordable subscriptions, and immediate ROI for all size companies. Solutions include AspectCTRM®, a full-featured commodity trading and risk management enterprise suite for front, middle and back office. It’s available in three editions: Lite, Standard and Enterprise, expanding in functionality according to the needs and budgets of clients. Aspect is the only ETRM/CTRM solutions provider with market data and analytics tools delivered with its trade and risk functions on the same platform. This provides users with a seamless packaged solution beginning with pre-trade pricing analysis and market assessments via AspectDSC. Aspect’s solutions are available on desktop, tablets and mobile devices.