Tag: Ags & Softs

Brexit: Passporting aside – regulatory considerations for firms providing investment services

Sophie Crisp, Manager, Risk and Compliance | 15 Jul 2016 Since the Brexit result, the focus for many has been on firms maintaining passporting rights under MiFID. Whilst this is undoubtedly the cornerstone of a firm’s ability to provide investment services throughout the EU, there are other regulatory considerations across the end-to-end provision of investment services. MiFID II legislation regulates conduct, ensures supervisory oversight and is central to primary and secondary market activity. Assuming the UK retains European Economic Area (EEA) membership, passporting rights will be retained under MiFID but we will lose the ability to directly influence future EU... continue reading

CTRM for Agricultural and Soft Commodities

The CTRM software space for agricultural and soft commodities is currently characterized by the existence of many software vendors and products that are largely dominant only in a specific niche market, such as a particular geographic region and/or for a particular commodity. Commodity Technology Advisory (ComTech) can identify at least 34 potential vendors with products in the space that fit this description; and to that end, it is reminiscent of the ETRM software category a decade or so ago, prior to all of the merger and acquisition activities, that has resulted in some consolidation there.... continue reading

Analytics to Address the Increasingly Complex Global Agricultural Market

There is no single market for agricultural and soft commodities – each commodity has its own unique value chain and combination of production methods, processing/transformations, and consumption patterns; the combinations of which any particular commodity can, and in many cases will, vary significantly by geography. Prices for these commodities are influenced by weather, input costs (seed, fuel, fertilizer, equipment and labor), changing consumer lifestyles, wealth distribution (both globally and within individual countries), currency values, interest rates, regulations (including impacts of GMO regulations), subsidization, and emerging technologies (such as bio-fuels). Where any particular enterprise falls within the value chain from producer to... continue reading

Back in the UK

Last week, Patrick and I were both in the UK. We took some time out to plan next year in terms of topics for research and themes and much more besides. While in the UK, we also took the opportunity to visit with Generation 10  in Liverpool and Aspect Enterprise, Brady PLC, Datagenic, OpenLink, and Agiboo, as well as attend the excellent Commodity Now awards dinner where we bumped into a lot more friends, colleagues and contacts. As we all know only too well, a week out is tough to recover from and so we are both trying to catch... continue reading

What About the Cost of Procuring CTRM?

One of the takeaways from the CTRM Conference was the need to obtain value from every dollar (or Euro) of spend on software and technology. A lot of the discussion revolved around the economic environment, reduced trading profits, lower commodity prices and lower volatility and increasing costs, including the cost of compliance. There was also discussion of how to get a better TCO for a CTRM solution including delivering in the cloud, something that is gaining in popularity. We also looked at improving implementation and getting enhanced value from IT services. In all of these cost and value-centered discussions though,... continue reading

Spreadsheets in Trading – Please Take Our Survey

We are undertaking research into the use of spreadsheets in commodity trading. Right now we are very keen on more responses in the Ags, Softs and metals areas. The survey will take just a few minutes to complete and in return we will happily provide the resulting report and offer Amazon gift certificates to 1 in 5 respondents. The Survey is at https://www.surveymonkey.com/r/Agssofts Already, the results look very interesting and if we can get a few more responses, we will start doing the analysis and produce the report.... continue reading

The CTRM Vendor Landscape in Ags and Softs

The Ags and softs CTRM vendor landscape resembles the ETRM vendor landscape of a decade or so ago. It’s pretty crowded with many vendors who either currently occupy or originated in a specific geographic or vertical niche. It has vendors that started in a specific agricultural commodity and it also has those that entered from elsewhere such as energy. Again, this reminds me of energy a decade ago as vendors from financial markets entered energy commodities and competed. Like energy, while there will almost certainly be mergers & acquisitions and consolidations, there will also be a stream of new vendors... continue reading

All Eyes on the Supply Chain

Recently, as I added vendors to the CTRMCenter directory https://www.ctrmcenter.com/ctrmdirectory/, I was amazed to discover just how many CTRM vendors there are in total despite the many acquisitions that have taken place over time, but I was equally struck by the number of those that focus on agricultural and/or soft commodities. In the latter camp, I counted around 23 different vendors (Table 1), many of whom do not have an offering outside of the agricultural/softs arena. Table 1 – Vendors focused on or with a capability in Ags/Softs Agiboo Eka Software Solutions Logaviv AgroSirius Eximware OpenLink Aspect Enterprise Generation 10 Progressive... continue reading

EKA has quickly moved into the Upper Echelon of the CTRM Markets

EKA Software Solutions, with the recent announcement of their investment in Australia-based Matrix Group, has now built a base of products, personnel and revenues that has separated the company from the mid-tier physical-capable CTRM vendor pack and moved them into a select group of vendors – those with more $25 million in revenues. Though the company, being privately held, won’t comment on their financial performance, given the size of the organization (320 personnel according to The Economic Times) and their growing market presence in ags, softs, metals, energy (strengthened by their recent acquisition of Encompass) and now bulk materials supply... continue reading

EKA has quickly moved into the Upper Echelon of the CTRM Markets

EKA Software Solutions, with the recent announcement of their investment in Australia-based Matrix Group, has now built a base of products, personnel and revenues that has separated the company from the mid-tier physical-capable CTRM vendor pack and moved them into a select group of vendors – those with more $25 million in revenues. Though the company, being privately held, won’t comment on their financial performance, given the size of the organization (320 personnel according to The Economic Times) and their growing market presence in ags, softs, metals, energy (strengthened by their recent acquisition of Encompass) and now bulk materials supply... continue reading

CTRM for Ags is a Competitive Space

To my utter amazement I was able to come up with twenty-five different CTRM solutions for Ags and I will be honest, its not inconceivable that I missed a few! If you pop over to the CTRMCenter directory you can check out my assertion by looking at all the suppliers listed there. The CTRM for Ags space reminds me a lot of ETRM back in the late 1990′s. Back then, there were probably 30 or so potential suppliers of energy trading and risk management solutions. Some of them were regionally focused and some were specific to a particular energy commodity... continue reading

CTRM for Ags is a Competitive Space

To my utter amazement I was able to come up with twenty-five different CTRM solutions for Ags and I will be honest, its not inconceivable that I missed a few! If you pop over to the CTRMCenter directory you can check out my assertion by looking at all the suppliers listed there. The CTRM for Ags space reminds me a lot of ETRM back in the late 1990′s. Back then, there were probably 30 or so potential suppliers of energy trading and risk management solutions. Some of them were regionally focused and some were specific to a particular energy commodity... continue reading