Tag: Trading

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

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

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

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

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

European Energy Firms Trial Blockchain Trading Marketplace

Two European energy providers tested a new blockchain-based trading platform earlier this month. Italian gas and electricity firm Enel and Germany-based E.On conducted the trial using technology developed by IT firm Ponton, according to statements. Like other trials of its kind that have taken place in recent months, the energy firms explored how peer-to-peer trading can facilitate direct sales of power. The idea is the technology could help reduce the costs associated with power distribution intermediaries and provide more transparency to the process. The test initiative formed part of the “Enerchain” initiative, a broader attempt baked by 30 European utility providers. Some... continue reading

As robots invade Wall Street, slow-footed regulators lose ground

The technologies revolutionizing Wall Street have left Washington regulators playing a perpetual game of catch up. Traders used to leave paper trails when they broke the law — emails revealing that they had inside information about a company’s earnings, instant messages laying out a conspiracy to manipulate prices or phone recordings discussing an illegal hot tip. Now government watchdogs have to figure out how to look under the hood of machines running lightening-fast algorithms or machine-learning software. The danger is that cheaters will be able to hide abuses or will accidentally turn a software glitch into a market meltdown. And... continue reading

Finnish Industrial Company Goes Live with Allegro Horizon Ahead of Schedule

Another Nordics Company Chooses Allegro Horizon CTRM Solution to Manage Commodities LONDON, UK, October 16, 2017 – Allegro Development Corp., a global leader in commodity trading and risk management software, announced today that a major industrial company in Finland selected Allegro Horizon, a cloud-compatible commodity trading and risk management (CTRM) platform, to manage its European commodity operations and has undergone a successful and ahead of schedule go live. With a focus on operations in the Nordic market (Nordpool), the Finnish company had previously been long-time users of a different legacy system. After a recent evaluation of their business processes, the... continue reading

ACT Commodities Group Selects Pioneer Solutions Trading and Risk Management Cloud Suite

Pioneer Solutions, a leading provider of commodity trading, risk management and environmental information system solutions, today announced that ACT Commodities Group (ACT) has selected its TRMTracker energy trading and risk management (ETRM) system to support the growth of ACT’s environmental commodities trading operations. (PRWEB) OCTOBER 16, 2017 Pioneer Solutions, a leading provider of commodity trading, risk management and environmental information system solutions, today announced that ACT Commodities Group (ACT) has selected its TRMTracker energy trading and risk management (ETRM) system to support the growth of ACT’s environmental commodities trading operations. ACT is one of the world’s leading trading houses in the... continue reading

Phibro Goes Live on Amphora Symphony CTRM

Stamford, CT – Amphora, Inc, a leading global provider of commodity trading and risk management software solutions, announces today that Phibro Americas LLC has gone live on Amphora’s Symphony software platform to manage commodity trading and risk for its global renewables, fertilizer and biofuels operations. Phibro was once the largest physical commodity merchant in the world and helped invent the modern oil market. Established in 1901, Phibro for decades had a dominant market presence, reaching a peak of $23.7 Billion in revenue making it the 15th largest US company in 1980. Today, Phibro is an independent firm headed by CEO... continue reading

From ranchers to fund managers, ‘algos’ cause a stir

Computers do not eat bread, wear jewellery or, for the most part, drive cars. Yet computer algorithms rather than humans are increasingly setting the prices of wheat, gold and fuel. Automated trading systems account for large volumes of transactions in commodity futures markets. In grains and oilseeds they account for 49 per cent, precious metals 54 per cent and crude oil 63 per cent, according to the US Commodity Futures Trading Commission.   Rest of article is here.... continue reading

Drillinginfo Positioned to Reduce Subjective Biases in Energy Decisions & Revolutionize World Trading Markets

Austin, TX (Oct.4, 2017) – Drillinginfo, the energy industry’s leading SaaS and data analytics company, announced today it has acquired London-based DataGenic, a global leader in software solutions for enterprise data management and business process automation. DataGenic services oil, gas, power, commercial and industrial clients globally and specializes in data-agnostic technologies and complex forward-curve construction. The power of data has changed the world, but also brought unintended consequences with it. Nearly every industry worldwide has seen an explosion in data use, but most struggle in how to fully interpret and utilize it, creating a need for effective data management tools... continue reading

Join With The In Crowd In Amsterdam

So, you are wondering whether to attend the CTRM Conference on October 5th in Amsterdam. You want to know who else is going? Well, here are the current delegate job titles and companies for you just to help a bit with that decision. Job Titles Managing Partner/Partner CEO Director Managing Director Head of Sales VP, Engineering Manager CTO CIO Partner Head of IT Companies ROITI Ltd eZ-nergy CTRM Cubed Adaptive Financial Baringa Energy One Ltd Contigo Sprinthive DataGenic Eileses Capital LLC Pioneer Solutions COFCO International Satoshi Systems The Technancial Company Bosgrove Ltd Agiboo Powel AB Daarnhouwer CapSpire SAP UK Generation... continue reading

Freepoint Commodities Expands into Cotton Trading; Taps Industry Veteran to Lead; Appoints Global Head of Agricultural Products

STAMFORD, Conn., Sept. 19, 2017 /PRNewswire/ — Freepoint Commodities LLC (“Freepoint”) announced today the continued expansion of its agricultural trading business with the hire of Crawford Tatum.   Mr. Tatum, who will be based outside of Auburn, Alabama, will be responsible for the build out of Freepoint’s physical cotton trading.  Mr. Tatum brings more than two decades of cotton trading experience to Freepoint, including ten years as USA Head and Global Manager of the Cotton Division at Noble Agri/COFCO. Freepoint entered the agricultural markets in 2016 with the hiring of an ingredients trading team in Leawood, Kansas, under senior trader Doug Beddome.  Later that year Freepoint added teams... continue reading