The CTRM Blog

Several months ago at E-World in Essen I was introduced to Mr. Rajeev Bhatt of eOpt Solutions. eOpt are based in Germany and describe themselves as “a unique products and services company, that offers smart solutions in the Energy Trading and Risk Management space.” Founded in late 2008 by a small group of energy industry professionals who had spent several years at the forefront of energy and technology, eOpt saw opportunities to provide specialist software tools and consulting in and around the periphery of traditional CTRM software. By focusing on areas where CTRM software can often be weak, Mr. Bhatt was confident that eOpt had found a good business opportunity.

Today I was updated by Mr. Bhatt on the company’s progress to date. The company is 5 strong and is in the process of adding a 6th person with a target of doubling its staffing by the end of 2011. It has four clients; 1 in the Netherlands and three in Germany and is hoping to add two more over the summer in the UK and Italy. It is focused on the trading side of energy in areas such as forward curves, pricing and risk tools for complex energy portfolios as well as developing bespoke solutions for customers.

Its software products are marketed under the brand name PriceHub which includes;

– e·Pool Market Price Data Management
– e·Curve The Energy Forward Curve
– e·Price Energy Contract Pricing
– e·VaR Innovative approach to Risk Management and Control
– e·Stress
and e·IVaR.

eOpts view of the market is similar to our own. We too observe niche areas of functionality where CTRM software does not and cannot always offer the necessary depth and focus that users require and we observe many smaller companies such as eOpt offering expertise in those areas. In particular, CommodityPoint research around risk management software at the end of 2009 (available for free download here clearly demonstrated that the industry lacks real tools to perform coherent risk assessment on portfolios that include physical energy assets and other complex energy instruments. eOpt are helping to address this weakness in the market and we expect to see them grow rapidly as a result.

More information on eOpt can be found at its new website.

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