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Technology Markets & Commodity News | Technology News, Prices and Trading

LME Clear selects Citi, Bank of America Merrill Lynch and J.P. Morgan to support self-clearing platform

London, 14 March 2013

The London Metal Exchange (LME) has selected Citi, Bank of America Merrill Lynch and J.P. Morgan as key providers of financial infrastructure to LME Clear, its self-clearing platform. Citi will facilitate the LME Clear Secure Payment System. It will provide concentration bank services, processing receipts from members’ settlement banks. Citi will also offer custodian services for the holding of fixed income collateral from members.

Read more: LME Clear selects Citi, Bank of America Merrill Lynch and J.P. Morgan to support self-clearing...

Renewable Energy Group selects Eka CTRM technology

Norwalk, 13 March 2013

Renewable Energy Group (REG), a leading North American biodiesel producer with nationwide distribution and logistics systems has selected Eka Software Solutions, a global provider of commodities trading and risk management technologies (CTRM), to help better manage their risk, positions and U.S. renewable fuel standard (RFS2) activity.

Read more: Renewable Energy Group selects Eka CTRM technology

Contigo secures investment finance for further expansion

London, 12 March 2013

Following seven successful years, energy software developer Contigo has completed the first phase of its strategic development and is now looking to further expand into international markets. The firm will also switch focus from product development to solution delivery. This will require an increase in headcount, creating up to six new roles in the year ahead, to enable more time to be invested in exploring new market opportunities and expand its existing customer base.

Read more: Contigo secures investment finance for further expansion

Brady plc Revenues up 47%

London, 11 March 2013

Brady plc today announced reports on what has been a significant year both from a financial and operational perspective. With revenues and EBITDA up 47% and 52% respectively and a substantial increase in underlying profitability, this set of results is a further year of growth and gives the Group an impressive five year compound average growth rate of 38%.

Read more: Brady plc Revenues up 47%

New levels for the UK carbon tax

London, 5 March 2013

The UK's carbon tax is set to almost double again in its third year of implementation after prices within the European Union emissions trading system  plummeted to an all-time low. The tax, known as a carbon price support, may be set at GBP18.29 a metric tonne for the financial year 2015-16, according to an estimate by IHS CERA on the basis of the Treasury's methodology and their December inflation rate assumptions.

Read more: New levels for the UK carbon tax

OpenLink takes top spot in Risk Technology Rankings 2012

London, 31 January 2013

OpenLink Financial LLC, the global leader in Transaction Lifecycle Management (TLM) software, announced today that it has achieved the top spot for front-to-back commodities trading systems in Risk Magazine’s 2012 risk technology rankings.

Read more: OpenLink takes top spot in Risk Technology Rankings 2012

Surveillance technology essential as energy market comes under regulatory scrutiny

London, 31 January 2013

b-next, the specialist provider of market abuse surveillance, insider dealing and compliance software solutions, is seeing a significant increase in demand from energy market participants for its surveillance and compliance systems. Several new regulations aimed at the prevention of market abuse and insider trading are currently entering into force, which will apply levels of regulatory oversight not seen before in the energy markets. b-next’s scalable CMC platform is attracting considerable interest as it provides energy firms with practical ways to ensure that their activities are compliant with the new regulations.

Read more: Surveillance technology essential as energy market comes under regulatory scrutiny

Brady: strong revenue growth and record contract wins

London, 23 January 2013

Brady plc, a leading global provider of trading, risk management and settlement solutions to the energy, metals, recycling and commodities sectors, expects to report EBITDA excluding exceptional costs of approximately £5.2 million, 40% ahead of 2011. Adjusted EPS are expected to be approximately 5.7p, in line with market expectations. Revenue growth in 2012 was approximately 47%, supported by the acquisitions of Navita, syseca and SAI in 2012.

Read more: Brady: strong revenue growth and record contract wins

Sadoff Iron and Metals Company selects Brady Recycling

Brady plc, a leading supplier of trading and risk management solutions for metals, recycling, energy and soft commodities, announced today that Sadoff Iron & Metal Company, a leading Midwest US recycler of non-ferrous metals and ferrous scrap, auto salvage yards and  electronics recycling, has selected Brady Recycling to manage its enterprise information technology requirements across its eight facilities, located in North America.

Read more: Sadoff Iron and Metals Company selects Brady Recycling

SunGard Acquires XcitekSolutionsPlus, LLC

Wayne, PA, 7 January 2013

SunGard has acquired XcitekSolutionsPlus, LLC (XSP), a leading provider of end-to-end, automated corporate actions solutions. The acquisition, the terms of which were not disclosed, is not expected to have a material impact on SunGard’s financial results. XSP offers a range of deployed, hosted and SaaS-based solutions that help automate the corporate actions processing lifecycle, including data sourcing and cleansing, position monitoring, notification and response and entitlement processing.

Read more: SunGard Acquires XcitekSolutionsPlus, LLC