Technology & Commodity News

The New Risk Management—Data Management?

London, 2 September 2010

These days, risk management is high on most trading firms' agendas. That is risk management in both the broadest and narrowest sense. Increased oversight, regulation and both the rapid evolution and increasing speed of markets is driving this need.

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Preem AB selects Allegro ETRM solution

Zurich, 25 August 2010

Sweden’s Largest Oil Company to Implement the Allegro 8 Platform: Allegro Development Corporation, a leading provider of energy trading and risk management (ETRM) systems, announced today that Preem AB will implement the Allegro 8 platform to manage its oil supply, trading, refining, logistics, sales, and marketing operations.  Allegro’s single, integrated solution will give Preem visibility and control around their extensive crude oil refining and trading business.

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Commodity Business Awards, 2010 – Nominations Open

London, August 2010

The Commodity Business Awards (CBAs) reward talent and excellence throughout the commodity markets ... whether that's in the physical and/or financial arena, in trading, risk management, structuring, finance, research, advisory, logistics, legal or specialist technology.

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Comdaq Metals reports strong trading figures

London, 23 August 2010

Comdaq Metals Ltd, the over-the-counter (OTC) broker and online trading platform for Precious and Platinum Group Metals (PGMs) today reports an eight per cent increase to 31-03-10 and a further twenty seven percent year-on-year increase in gross revenue for the first four months to 31-07-10.

Read more: Comdaq Metals reports strong trading figures

Ginga goes electronic for coal trading with Trayport

London, 23 August 2010

Ginga Petroleum Pte Ltd., a company offering broking services for the energy markets from Singapore, today announced it has gone live with a trading screen for its coal brokers using Trayport’s GlobalVision Broker Trading System.

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RTS offers access to SMX trading platform

Singapore, 19 August 2010

RTS Realtime Systems Group (RTS), a leading global trading solutions provider, announced today that the firm will provide connectivity and low latency access to the Singapore Mercantile Exchange ( SMX) from its first day of trading, which will be 31 August 2010.

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Allegro expands ETRM power functionality

London, 19 August 2010

Allegro Development Corporation, the leading provider of energy trading and risk management (ETRM) software, announced today the release of Power 8.1, a component of the Allegro 8 platform that streamlines and optimizes power trading and operations.  The expanded functionality includes European power scheduling enhancements, valuation and load shape enhancements, improvements to trading, balancing, and eTag capabilities, and further system performance improvements with grid computing.

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Eka & Black Hawk combine to serve metals processing community

Bangalore, 16 August 2010

Eka Software Solutions, a leading provider of Commodity Trade and Risk Management ( CTRM) software will partner with Black Hawk Resources, a provider of procurement services and commodity product sales. The partners will offer a combined solution of Black Hawk expertise with Eka’s software.

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And Now for Something Completely Different ...

From somewhere you've never heard of in the Czech Republic, 12 August 2010

Being a CommodityPoint analyst has its moments. It would seem that few of my friends and relatives can actually grasp what it is I do for a living and so they politely ask me how is business and nod wisely as I reply. Quite honestly, it is difficult to explain to almost anybody what I do for a living but I can tell you this—I love it!

First, Commodity Trading and Risk Management ( CTRM) is quite a small area to specialize in, so you end up tending to know almost everyone involved. It's a community and as a friend of mine told me at a trade show recently, you don't check name badges for names, but just to make sure who they are working for this month! But what do I actually do? Essentially, I try my very best to keep up with what is going on in the industry—particularly as it relates to CTRM and associated software and technologies. This doesn't make me a technology geek, however, as I also have to understand the business context in which this all occurs.

Read more: And Now for Something Completely Different ...

SUEK AG selects Allegro ETRM system

Zurich, 12 August 2010

Allegro Development Corporation, a leading provider of energy trading and risk management (ETRM) solutions, announced today that SUEK AG has chosen Allegro 8 to manage its coal trading operations.  SUEK AG, the largest coal supplier from Russia, will implement Allegro’s fully integrated software to effectively manage positions, physical logistics, hedging strategies, compliance, and risk.

Read more: SUEK AG selects Allegro ETRM system