Archive for the ‘TRM Vendors’ Category

Hivedome – Busy Bees!

August 23rd, 2010 Gary Vasey

I spoke to Vic Thomas this morning at hivedome.net. Hivedome is another CTRM vendor that we discovered only recently offering CTRM solutions primarily in the Ags space but also in other commodities. Founded in 1983, Hivedome has 10 employees in the UK and a rich set of functionality. Mr. Thomas described all 10 employees as “consultant/developers” and the company as primarily a software house developing solutions for its clients and, for a small vendor, it has an impressive array of clients including Cargill, Tate & Lyle, EDF Mann, Luis Dreyfuss and more.

Mr. Thomas told us that its client base includes the whole range of commodity traders and described the product, ITAS, as a fully integrated, multi-company, multi-currency trading, administration and accounting system. The integrated nature of ITAS allows all input to be automatically available to all users. This automation allows all departments to maintain real-time administrative and planning control over their area of responsibility.

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Allegro Inks Significant Coal Deal

August 12th, 2010 Gary Vasey

Allegro Development have today announced the signing of  SUEK AG who will use its Allegro 8 platform to manage their Coal trading operations. SUEK is the largest supplier of Russian steam coal to the international market, delivering coal to more than 30 countries worldwide.   The company supplies more than 30% of Russia’s energy coal and approximately 30% of the coal Russia exports. In addition to mining Russian coal, the company also trades coal from Australia, Indonesia, Columbia, and South Africa.

Allegro are establishing quite a beachhead in the coal industry having Peabody Energy (#1 coal producer in the US) and Arch Coal (#3 coal producer in the US), among others, already utilizing its solution. Perhaps just as significant is that this is a major European customer for Allegro.

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Aspect Enterprise Solutions Affrims its ‘C’ Intent

July 30th, 2010 Gary Vasey

In an announcement issued yesterday, aspect Enterprise Solutions (AES) affirmed its movement from ETRM to CTRM. AES have extended its products coverage from just oil to include natural gas, marine fuels, biofuels, coal, emissions, metals, steel, agriculture and softs over the last 10-years according to the announcement. It also announced the appointment of Rob Hamilton as global sales director for metals trading and risk management. Hamilton was apparently previously with Brady PLC.

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Constellation of Energy Solutions

July 21st, 2010 Gary Vasey

Another vendor we recently ‘discovered’ is Constellation of Energy Solutions in Moscow. In fact, they emailed us and last week we got acquainted over the phone.

Constellation have developed an Energy Trading solution called Sozvezdie specifically targeting Russian power markets and generation and wholesale companies operating there. They also implement and support the product and provide consulting services to market participants. The company has grown since 2006 steadily and has around 30 clients and 40 staff. Its software, Sozvezdie, is now the main ETRM platform used in Russia with more than 60% of the market including 2 of the 3 foreign investors – E.On and ENEL. In fact, 27% of energy traded in Russian wholesale markets is processed with Sozvezdie.

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Thirty Years and Still Standing

July 16th, 2010 Gary Vasey

Occasionally, CommodityPoint discovers new CTRM vendors that we had been unaware of. Just recently, we discovered CMStrade in Switzerland. In fact, CMS trade have been in the industry around 30-years and have had over 150 customers for its software in that time. Today, it has around 25 customers and less than 10 staff operating out of Lausanne. I spoke with Mr. K. Mizan-Bertola about the company and its products this week and even took a demonstration of the software.

CMStrade rewrote its applications in native C++ a few years ago utilizing object orientation throughout the application. The result is that it looks like no other CTRM software I have ever seen but the functionality is impressive. The technology utilized means that the application is truly real-time throughout and performance is quick too. Unlike many CTRM solutions, it really is cross commodity and just about every commodity I could think of plus one or two more I couldn’t were included. Although it looks remarkably different users have complete control over what they see on a screen by building ‘maps’ or essentially custom screens which combine multiple windows or forms. You actually have to see it to grasp how powerful and unique a concept this is.

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Triple Point Continues its Momentum

July 14th, 2010 Gary Vasey

Triple Point says that it signed 20 new license deals in Q2 2010 of which 50% were with new name customers helping the company to a 31% growth in revenues for the quarter and a 60% growth in EBITDA. Among the new licenses during the quarter, it has announced OGE Energy Resources, Prime East Shipping, Su-Raj Diamonds, Petredec, Louis Dreyfus Highbridge Energy, Incitec Pivot and CIMA Energy.

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eOpt Adds Value

July 13th, 2010 Gary Vasey

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.

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