The CTRM Blog

Michael Coleman, CEO of Hyper Rig, sees lots of opportunity for his company as trading firms try to get a better grip on their businesses with an eye on forthcoming and new regulation. “The banks are way ahead of energy firms such as large utilities in their thinking about risk management and are pushing towards intra-day risk reporting.” he told me this morning. “On the other hand, many large utilities would like to get to better than monthly risk reporting.” Coleman sees that many larger trading firms are hindered by their portfolio of systems which lack the scalability and processing power to provide the business with the numbers they need on demand and those systems, he says, are very often bottlenecks that provide an added set of operational risks to be managed. No where is that more apparent than at utilities and producers where CTRM solutions often lack the sophisticated asset models they require forcing them to run those models off system which, in turn, increases the problem of aggregating risks across the business.

These days, risk management is high on most trading firms’ agendas. That is risk management in both the broadest and narrowest sense. Increased oversight, regulation and both the rapid evolution and increasing speed of markets is driving this need. In a climate of price volatility, volumetric uncertainty, innovation in deal structures, changing regulations and globalization, effective risk management and the ability to respond to valuation challenges and portfolio optimization opportunities are pre-requisites to profitability for organizations that deal in commodities.

Risk Management Problems

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.

Many Thanks,

I first met Richard Quigley, CEO of Datagenic a few months back at the Essen E-World Conference and Tradeshow. He was very keen to catch my attention and talked with passion about his business and products. Recently, I caught up with Richard again by phone to discuss with him data management and associated issues around commodity trading and risk management. Here is what I learned.

Can you briefly introduce DataGenic and its history as a supplier of data management solutions?

I spoke to Richard Quigley this morning, CEO of DataGenic. DataGenic is a leader in data management solutions offering Genic DataManager, an end-to-end software solution for the integration, cleansing, enrichment and distribution of all types of data. Richard told me that they are readying a new release of its software that pushes “the boundaries of data management” in GDM v. 3.0. Its due out in a matter of weeks apparently.

Some of the areas of improvement and innovation in the next release include;