March 8th, 2010
Gary Vasey
Last week, David Steele (President of UtiliPoint International, Inc.), Patrick Reames (MD, CommodityPoint, Americas), Mark Tredway (Director of Business Development, CommodityPoint) and myself spent a couple of days in Prague doing some business. The weather, although cold, was actually quite nice and we did manage to get some sight seeing in too ably directed by John Mohr (CEO, CFO2GO – our local accounting firm). Here are a few pictures of Prague and ourselves ….
Reames, Steele, Vasey and Tredway by the Prague Astrological Clock
Read the rest of this entry »
Advertising Links
- OTC Stock
- OTC Stock
March 8th, 2010
Gary Vasey
Late last year, I spoke at and chaired a roundtable discussion at the Energy Risk Conference in Prague, Czech Republic. One of the roundtable participants was Mr. David Kučera, General Secretary of the Prague Power Exchange (Power Exchange Central Europe, a.s.) and I was fascinated to learn something of the challenges and hurdles he and his colleagues had gone through (and may yet still face) in working to create an exchange here in Central and Eastern Europe. As a result, I asked him if he could spend some time again with me answering some questions that I thought would be of interest to our readers. He readily agreed and here is the core of that interview.
Dr. Gary Vasey: How did the Power Exchange get started and what were the objectives behind its formation? Read the rest of this entry »
March 1st, 2010
Gary Vasey
Sometime around the middle of the month, CommodityPoint will issue the first version of our CTRM Vendor and Product Sourcebook. We anticipate this becoming the tool of choice for those seeking to find CTRM software. It will of course be entirely FREE and available from our websites. Meanwhile, here is what a vendor listing will look like in the new product…
Sample Sourcebook Listing
Read the rest of this entry »
February 25th, 2010
Gary Vasey
Triple Point announced that Hess Corporation has selected its Commodity XL for Oil(TM) product to manage its supply, trading, risk, and logistics for crude oil and refined products. Meanwhile, Brady also announced that it had signed The Mitsubishi Corporation, Tokyo, in 2009 to extend the use of Brady’s trading and risk technology to include all of the corporation’s global trading of both physical and derivative precious metals. Finally Aspect Enterprise also announced a year of record sales and profits during 2009 mark the start of 2010 – its 10th anniversary year. Among its sales in 2009 was a major contract from a multinational group which chose AES’ AspectETRM solution initially for its petroleum desk in London, then rolled it out in the US and the Far East before adding metals trading at the year end. Other signings included companies in Malaysia, Singapore and Switzerland, together with 4 in the rapidly expanding West African market. There was also significant new business from bunkering companies in Asia and Germany.
February 24th, 2010
Gary Vasey
Sounding like a character from StarWars, the WOCU is the World Currency Unit, a derivative of the exchange rates of the world’s top 20 economies (as measured by GDP).
The Wocu was apparently conceptualised in 1996, and after much research and discussion over the next decade, whilst the concept was tested for volatility and other characteristics, a detailed plan for the advancement of the Wocu was drawn up; it was introduced in 2009. The Wocu is an apolitical derivative of the exchange rates of the world’s top 20 economies as measured by GDP. The algorithm is weighted in line with these GDPs, resulting in a demonstrably less volatile currency unit. It is re-weighted by the WDX Institute every six months, following the publication by the IMF of its GDP figures. Prices for Wocu currency pairs can be seen on the WDX website, www.wocu.com.
Read the rest of this entry »
February 22nd, 2010
Gary Vasey
Coming up on quite a busy period here in the Czech Republic. At the end of this week, CommodityPoint will move its office to the prestigious International Business Center in Brno where we will be much better equipped for client visits and the addition of further staff during the year.
International Business Centre - Brno
Read the rest of this entry »
February 19th, 2010
Gary Vasey
This interview is the second in a series of interviews with major consultancies in the Commodities Trading & Risk Management area. I had the opportunity to visit with David Edwards of UK-based Baringa Partners and ask him a few questions about his firm and the commodities trading and risk management industry in Europe.
Read the rest of this entry »
Posted in 
Tags: 
