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Technology & Commodity News from Commodities Now
EPIC Aviation selects Allegro TRM solution
Dallas, 1 February 2012
Allegro Development Corporation, a leading provider of energy trading and risk management (ETRM) software, announced today that EPIC Aviation (EPIC) has selected the Allegro 8 platform to support its jet fuel and avgas supply, commercial sales, risk management, and hedging activities. The single integrated system provides EPIC with position visibility, logistics optimization, streamlined business processes, and the scalability to effectively support the company’s growth plan.
FFastFill sees 50% reduction in exchange round trip order latency with LME proximity hosting
London, 24 January 2012
Since the launch of the London Metal Exchange proximity hosting solutions in December 2011, FFastFill has seen substantial round trip performance times from its hosting locations to the exchange. Average acknowledgment times for new orders are improved by 50% for those members locating their exchange gateways in FFastFill’s two new datacentre suites one of which is provided by Interxion. FFastFill provides LME member and customer order routing for over 20 LME category 1 and 2 members.
Brady anticipates reporting revenue growth of 70%
London, 16 January 2012: Commodities Now
Brady plc expects to report revenue growth in 2011 of approximately 70%, ahead of market forecasts. The leading global provider of trading, risk management and settlement solutions to the energy, metals and commodities sectors, announced today an update on trading performance for the full year to 31 December 2011. Brady is the largest, European headquartered, energy and commodity trading and risk management (ECTRM) software provider in the commodities space, following the acquisition of Brady Energy.
Read more: Brady anticipates reporting revenue growth of 70%
Acalpo chooses JustCommodity for Edible Oil trading
Singapore, 22 December 2011
JustCommodity Software Solutions, a leading solution provider of Commodity Trading and Risk Management ( CTRM) software solutions, announced today that Acalpo Pte Ltd has selected ContraXcentral™ to manage its trading and risk operations.
Read more: Acalpo chooses JustCommodity for Edible Oil trading
Brady implemented by Fjordkraft for CTRM
London, 21 December 2011
Brady plc, a leading global provider of trading, risk management and settlement solutions to the energy, metals and commodities sectors, announced today that Fjordkraft, a Norwegian retail distribution company, has implemented Brady's new Sales Manager solution to support Fjordkraft's operations for pricing and risk management of end-user contracts.
Allegro releases Trade Connect 8.1 for OTC trading process
Dallas, 12 December 2011
Allegro Development Corporation and Pivot Inc., a leading provider of instant messaging and liquidity management software to the financial and commodity markets, have announced the release of Trade Connect 8.1, which provides efficiency around OTC trading processes and improves visibility into company positions with intraday pricing and real-time position valuation.
Read more: Allegro releases Trade Connect 8.1 for OTC trading process
Cinnober releases OTF technology as SaaS
LOndon, 8 December 2011
Cinnober today announces the launch of TESS OTF - a Software as a Service (SaaS) - packaged for the rising Organized Trading Facility (OTF) market.
ABX extends use of Brady technology
Brady plc, a leading global supplier of trading, risk management and settlement solutions to the metals, energy and softs sectors, announced today that the Australian Bullion Exchange (ABX), based in Brisbane, has extended its use of Brady solutions to bring order transparency to the market via its electronic trading platform.
Brady Energy selected by RAO Nordic Oy
London, 5 December 2011
Brady plc, a leading global provider of trading, risk management and settlement solutions to the energy, metals and commodities sectors, announced today that RAO Nordic Oy, a major multi-commodity European trading house with a wide range of trading operations and diversified trading portfolio, has selected Brady Energy’s trading and risk management solution to support its risk management requirements.
Ronly goes live with Brady
London, 29 November 2011
Brady plc, a leading global provider of trading, risk management and settlement solutions to the metals, energy and commodities sectors, announced today that Ronly, a worldwide trading company handling steel, metallurgical and agricultural commodities, has implemented Brady’s trading and risk management solution to support Ronly’s derivatives trading operations.
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