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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August 19th, 2010
Gary Vasey
CommodityPoint is still seeking responses from traders and consultants around non-energy commodity CTRM vendors via our survey instrument. Please do take the time to complete our survey which can be found here.
If you are a CTRM vendor please DO NOT complete the survey as your response will be diregarded. Instead – why not send it out to your customers and have them complete it???
This is a preview of
Non Energy Commodity CTRM Vendor Perception Study
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August 13th, 2010
Gary Vasey
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.
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And Now for Something Totally Different . . .
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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.
August 11th, 2010
Gary Vasey
CommodityPoint is commencing its study around data management in commodities trading & risk management departments and we need your help. We would like your input to our data management survey which you can find here. It shouldn’t take too much of your valuable time and, in return, we will get you a FULL copy of the final report.
We are seeking end users and consultant responses only. All other responses will be eliminated.
August 10th, 2010
Gary Vasey
CommodityPoint is in the process of updating the CTRM Sourcebook and will release a second version in the Fall. So far the CommodityPoint CTRM Sourcebook has been downloaded and distributed to over 7000 people in the industry. If you are a CTRM vendor that is not currently listed and would like to be included in version 2, please got to http://www.ctrmblog.com/commoditypoint-sourcebook/ to download the questions and instructions. Complete these by august 25th and return to me at gvasey at utilipoint dot com and you will be included.
This is a preview of
Version 2 of the CommodityPoint CTRM Sourcebook
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