Tag: Risk

What is TRM Software? – Trading and Risk Management Software

TRM Software – Trading and Risk Management Software. TRM software is that category of software applications, architectures and tools that support the business processes associated with trading any instrument in any asset class. CTRM Software and ETRM software are subcategories of TRM software.... continue reading

New Data Visualization Platform Gives Traders, Analysts Better Picture of Refinery Turnaround Market

Nov. 29, 2017, 02:30 AM SUGAR LAND, Texas, Nov. 29, 2017 /PRNewswire/ — Crude and oil product traders can now make more-profitable decisions on oil price momentum by using a new data visualization tool powered by global energy-information leaders IIR Energy (Sugar Land, Texas) and BlackLight Systems Ltd. (London, United Kingdom), the companies jointly announced today. BlackLight’s Refinery Outage Module will provide market-leading decision support and analysis for IIR Energy’s flagship PetroCast Live service. Market participants must subscribe to both BlackLight and IIR Energy’s services to access the new platform, which has been one year in development. “We are tremendously... 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

The Periodic Analyst Vent Blog Article

Every now and then, I have to blow off a bit of steam. I am after all only human. As you might have read, I am trying to find out more of the lay of the land here in central & eastern Europe around ETRM solutions. There are actually 5 or 6 local vendors that say they offer such solutions and have installed bases in the region. Now, maybe I am naive, but you would think that if ComTech call a vendor or send an email, someone would be interested in responding? After all, we only recommend to solutions to... continue reading

Research into CEE ETRM Vendors for Power and Natural Gas

Having been based in the Czech republic this last decade, I am aware of a number of ETRM solutions on the market within the region. Vendors like IPESoft, Transition Technologies, Unicorn Systems, IP Systems, FIS XDM and Microstep HDO all have has installed bases for ETRM software in the region for some time and there may be others of which we are unaware. Many of these vendors maintain a low profile and are not well known outside of their own countries. However, ComTech is interested in exploring this region and understanding what solutions are out there – local vendors or... 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

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

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

Lacima Targets the Trader’s Desktop with New Risk Tools

I recently spoke to Dr. Chris Strickland, CEO of Lacima. Lacima has today announced a new product line in Lacima Trader and he was keen to update us with regard to that launch. Lacima’s main product has been Lacima Analytics, which provides comprehensive functionality for risk management, valuation and optimisation in a single, modular application for global energy markets. Lacima Analytics has had good uptake across the industry and it bolsters the RM in ETRM, an area of weakness in many ETRM applications. However, Chris was keen to target the trader and pre-trade side of things with a similar suite... continue reading

Sophisticated Analytics For Traders

9 November 2017.  Lacima is proud to announce the launch of the Lacima Trader suite of products designed to meet the needs of the Front Office. Lacima Trader comprises of stand-alone trading, structuring and valuation tools with the ability to drill down into detailed outputs and value drivers. Achieve consistency between Front and Middle office by using Lacima Trader with Lacima Analytics.  Benefit from the same numerical engine to drive trading decisions, value deals and manage risk.  Lacima Trader offers quick set-up with same-day implementation and is easy to learn with a familiar Excel interface.   The products currently available are: Simulation, Curve, Pricer and Storage, with several new products in the pipeline which we’re... continue reading

Oracle Utilities Defines Cloud Path for Utilities

WASHINGTON, Nov. 6, 2017 /PRNewswire/ — Cloud for Utilities Summit — Today Oracle Utilities announced it is bringing the benefits of cloud to D.C. as part of the inaugural Cloud for Utilities Summit. The conference offers Oracle Utilities, a leading provider of cloud applications to utilities, the opportunity to put its cloud imperative into practice: that vendors and utilities must collaborate to deliver on the promise of the cloud – a new, two-way, customer-centric utility of the future. With over 100 SaaS clients worldwide, Oracle Utilities delivers one of the largest platforms of Software as a Service (SaaS) applications for utilities and is rapidly expanding... 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

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

ION Enters Definitive Agreement to Acquire Aspect

OCTOBER 30, 2017 Aspect, a global provider of cloud-based solutions for commodity trade and risk management, commodities data and decision support, has entered into a definitive agreement to be acquired by ION Investment Group, the companies announced today. Andrea Pignataro, ION’s CEO, said “The acquisition of Aspect increases our footprint in commodities and our portfolio of SaaS solutions.” “ION’s long-term approach to product development and strategy is ideal for our culture of continuous innovation. I’m excited for what the future holds as we continue to expand our cloud offerings that enable our customers to solve their business challenges quickly and... continue reading

The Blockchain of Food

Raja Ramachandran and ripe.io team ripe.io, a start-up at the forefront of creating a blockchain solution for our food system was a recent participant at The Mixing Bowl’s FOOD IT: Fork to Farm and recognized as one of Forbes’ Top 25 Most Innovative Ag-Tech Start-ups of 2017. Raja, their CEO, has compiled and written with his team, the following perspective and analysis on how to initiate, gain adoption and run a “Blockchain of Food” in the food supply chain. We would like to share it with you. Theme 1 – Blockchain Participants’ Friction The actors interested to participate in the “Blockchain of Food”... continue reading