Tag: Commodities

FIS Gear Up to Launch Multiple Product Strategy into Commodities

Commodity Technology Advisory asks Dr. Markus Seiser, COO, FIS Energy, about FIS’s strategy and plans for Energy & Commodities ComTech Advisory: FIS now markets its solutions for energy and commodities markets under one umbrella. What products and services is FIS selling and to whom? Markus Seiser: Overall, FIS offers several multiple software products for various industry verticals, tailored to each client’s needs. For example: Our classical solutions for energy and commodities markets focus on asset-backed traders, producers and generators, utilities and LDCs, and others. Here, we serve our clients with extended transaction lifecycle management capabilities, starting with market data services... continue reading

AOT Energy Deploys AspectCTRM In First Phase Of Planned Global Roll-Out

November 29, 2017 Aspect Enterprise Solutions, the leading provider of energy trade and risk management cloud software, announced today, that AOT Energy has successfully deployed AspectCTRM within its Belgium operations. It’s the first installation of a planned global roll-out to cover AOT Energy’s crude oil, gasoline and products business units. AspectCTRM is expected to become the central source of record for trade and risk management reporting across multiple trading offices located in Asia, Europe and North America. The solution streamlines its business worldwide in real time with a single point of entry for data, saving the company time and money.... continue reading

Australian grain exporter completes successful blockchain pilots

BY FINBARR BERMINGHAM successful blockchain pilots have been completed in Australia’s grain industry, which show that the technology can eliminate counterparty risk and track the provenance of agri produce. The work was completed by CBH Group, Australia’s largest co-operative and a grain exporter, and AgriDigital, an Australian company which develops blockchain-based solutions for the grain industry and which has developed a cloud-based commodity management system. The first pilot successfully created tokenised digital title for a commodity in exchange for digital dollar payment. This eliminates the burden of counterparty risk and payment security that traditionally faces farmers. Via AgriDigital’s platform, digital title... continue reading

Blockchain Technology Represents a New Frontier of Innovation in the Commodity Trading Industry

Arnaud Stevens, MD & Head of Global Energy and Commodities-Trade & Structured Finance, Americas, Natixis The distributed ledger technology represents a new frontier of innovation and should dramatically improve the way we do business in the energy and commodity industry. Digitization is radically reshaping the industry. Blockchain can support a wide range of applications, and it’s already being used for peer to peer payment services, supply chain tracking and more. We want to use blockchain to optimize the antiquated arena of commodity trade finance. The current process is based on the exchange of paper documents and is labor intensive; we... continue reading

SoOum Corp Launches Updated International Commodities Trading Platform

NEW YORK, Nov. 16, 2017 (GLOBE NEWSWIRE) — SoOum Corp. (OTCPINK:SOUMD) (OTCPINK:SOUM) (“SoOum” or “the Company”), a Physical Commodities Arbitrage Trading Company offering a web-based International Trade Platform, summarizes its mission and strategy for building corporate governance, and developing a revenue generating platform. The business model of SoOum Corp has always revolved around its ultimate mission- “MINIMIZE global scarcity, especially in Frontier and emerging markets.”  SoOum’s idea is to facilitate new business to local manufacturers, while helping in the global epidemic of hunger in various parts of the world. SoOum Corp is a “Physical Commodities International Trading” firm, specializing in arbitrage based transactions... continue reading

Glencore says grain M&A hunt goes on after it passes on several targets

GENEVA (Reuters) by Gus Trompiz – Commodities giant Glencore (GLEN.L) has made unsuccessful moves for three or four smaller targets in the grain sector this year as it seeks acquisitions to grow upstream, the head of its agricultural arm said. “We have looked at three or four possibilities in our core area already this year but couldn’t reach agreement with the seller,” Chris Mahoney, chief executive of Glencore Agriculture, told the Global Grain conference in Geneva. He added, following the presentation, that the attempted takeover targets would have represented relatively small deals. He did not give further details or mention... continue reading

New Platform Targets Ferroalloys and Specialty Metals Trading

Last week, I had a call with Frank Jackel, founder of metalshub, to discuss this interesting initiative in more detail. According to its website, metalshub will provide a digital marketplace for metals and ferroalloys to promote a more efficient and liquid physical market. Established in 2016, metalshub is based in Düsseldorf, Germany but operates globally. It is an international team with team members from five different countries and extensive experience in physical metals trading and logistics. Indeed, Frank and his co-founder have been in the metals business for around 20-years, working for Anglo American and The Boston Consulting Group (BCG), and have... continue reading

Noble Energy Implements Allegro Horizon

Independent Oil and Gas Exploration Company Accelerates its Cloud-first Strategy with Allegro’s Forward-compatible CTRM Solutions DALLAS, TX, Nov. 14, 2017 – Allegro Development Corp., a leading provider of commodity management software, today announced that Noble Energy, Inc., a Houston-based oil and natural gas exploration and production company, completed its upgrade to Allegro Horizon. Noble Energy sought to ensure its marketing team had productive, dependable and agile technology to manage change in an increasingly complex business environment. Allegro Horizon provided greater process efficiency and best-in-class usability and can be run on Microsoft’s Azure cloud computing platform, which aligned with Noble’s requirements.... continue reading

Large corn, soybean, wheat trading volumes ‘down to growth of algo funds’

by Mike Verdin Growing levels of investor bets on corn, soybean and wheat derivatives, despite price weakness, reflects mounting interest in the market of algorithmic funds – which have overturned the dominance of swap traders. Ann Berg, a former director of the Chicago Board of Trade, said there was potential for trading volumes in corn and wheat, which set or approached record levels last year, “to match or exceed those levels” this year, although falling by about 15% for soybeans. Interest in options had been particularly strong, rising by some 30% for corn and 16% for whaet, agrowth which “probably... continue reading

Generation10’s Vision Takes Root

G10 has a surprising array of tools, applications, and services available to the commodities business and the company’s growth, at a time when others are retracting, is evidence that these are now finding market acceptance. CEO, Richard Williamson’s objectives for his company seem to us to be spot on with what the market is looking for and examples that we were shown demonstrate real world capabilities and use. To prove a point, I was given demonstrations of several such services. One solution I was shown was Gen10’s widely applicable In.specT platform that is being used by Intertek to map sustainability... continue reading

Boliden (SE) convinced: Dynamics 365 for operations and DycoTrade…

By the end of June a final contract between Boliden (SE) and DycoTrade has been signed, as Boliden has chosen to further develop their ERP platform. Boliden selected Microsoft Dynamics 365 for Operations in combination with DycoTrade to administer their business and business processes. Currently DycoTrade is working on the implementation for Boliden (Sweden, other countries). “A great win, for both Boliden and DycoTrade”, says Ouko Reitsema, Managing Director for DycoTrade. “Our continuous development in the DycoTrade software suite, both for Soft Commodities as well as Metals pays off”. As the latest version of DycoTrade is based on Microsoft Dynamics 365 for Operations (formerly Microsoft Dynamics AX)... continue reading

Sky-high stock market has investors looking to commodities

NEW YORK (Reuters) – A growing number of investors are plowing money into commodities, seeking to diversify their holdings on gnawing concerns about a stock market correction as equities scale new highs almost daily. Low interest rates, solid economic growth across the globe and rising corporate earnings have hoisted the S&P 500 .SPX 16 percent this year. It reached an all-time high on Tuesday. By contrast the bellwether S&P Goldman Sachs Commodity Index (GSCI) .SPGSCI gained 7 percent in that same period. The last five years presents an even starker divergence. The S&P has gained 82 percent in that time, while the... continue reading

Commodity Markets – A Headhunter’s View

ComTechAdvisory: Given all of the turmoil in commodity markets this last year or so, how has the job market been impacted? James Richmond: The markets have been slow in the past year in the prime locations (London and Geneva in particular). There has been a lot of divestment in the oil majors and energy utilities as well as in the more asset based areas of the multi-commodity traders. I have noticed a lot of growth in the outsourcing market. Whilst the UK and Switzerland has been quieter than usual, most firms tend to hire more globally dispersed teams, which comes... continue reading

Eka’s CTRM software and advanced analytics manage global commodity trading and risk management for the company.

Norwalk, Conn. – November 7, 2017 – Eka Software Solutions, the leading global provider of cloud-based Smart Commodity Management software solutions, announced today that BroadGrain has implemented Eka’s InSight CM – Agriculture and Eka Analytics to support growth across global markets. The implementation enables BroadGrain to better manage trading, positions, risk, P&L, inventory, costs, and logistics.   BroadGrain is a leading global marketer and handler of grains, oilseeds, by-products, and specialty crops for both feed and food markets. Operating on nearly every continent, BroadGrain is committed to connecting producers, processors, and consumers of food and agricultural commodities around the world.... continue reading

Commodity Traders, Energy Majors and Banks Join Forces to Create a Blockchain-based Digital Platform for the Energy Commodity Trading Industry

LONDON, GENEVA, AMSTERDAM and STAVANGER, Norway, November 6, 2017 /PRNewswire/ — In a unique collaboration, several of the world’s largest trading houses, integrated energy companies and banks intend to create and invest in a new venture, which will be managed and operated as an independent entity. The new venture will develop a blockchain-based digital platform intended to modernise and transform post-transaction management of physical energy commodities trading, pending relevant regulatory approvals. The consortium participants are companies from: energy majors BP, Shell and Statoil; trading houses Gunvor, Koch Supply & Trading, and Mercuria; and banks ABN Amro, ING and Societe Generale.... continue reading

BP, Shell lead plan for blockchain-based energy trading platform

(Reuters) – A consortium including energy companies BP and Royal Dutch Shell will develop a blockchain-based digital platform for energy commodities trading expected to start by end-2018, the group said on Monday. Other members of the consortium include Norwegian oil firm Statoil, trading houses Gunvor, Koch Supply & Trading, and Mercuria, and banks ABN Amro, ING and Societe Generale. Blockchain technology, which first emerged as the architecture underpinning cryptocurrency bitcoin, uses a shared database that updates itself in real-time and can process and settle transactions in minutes using computer algorithms, with no need for third-party verification. Mercuria has been a... continue reading