In the past trading houses had only two options: spreadsheets or big-budget custom software development programs. Now SaaS-delivered solutions combined with Cloud Computing offer a real, cost-effective alternative. With the global economy, regulatory environment and credit shrinkage increasingly mandating formalized systems for even small trading companies, SaaS offers fast-start, turnkey solutions without up-front investment or resource demands.
Steve Hughes
President & CEO
Aspect Enterprise Solutions
Cloud-based applications — aka Software as a Service (SaaS) — have seen steady growth over the past few years and will continue to grow.
Gartner, Inc., Cloud Computing: The Next Generation of Outsourcing, Ben Pring, November 1, 2010

According to Technology Research Analyst Firm Gartner…

We are in the midst of a fundamental shift, as more enterprises start to use services enabled by cloud technologies. This will heavily impact IT services providers, who must now consider strategies for coping with profound changes in the marketplace or risk being left behind.
Cloud Computing:
The Next Generation Of Outsourcing
Ben Pring, November 1, 2010
According to Technology Research Analyst Firm Gartner…
Increasingly, hosted or SaaS-based solutions are gaining favor among end users as a means of reducing capital costs, deployment times and support overheads. While traditionally these solutions were preferred options for smaller end users or end users with limited functional requirements, as the functional capabilities of SaaS - or application service provider (ASP)-based deployments grow, the appeal to larger organizations will widen.
Magic Quadrant For Energy Trading And Risk Management Platforms
Keith Harrison and
David Furlonger
March 18, 2011
AspectCTRM was installed and working for us so fast – quickly enabling us to get a real-time understanding of profit and loss, exposures, price movements in the markets and how we can better manage risk.
Peter Malcom King
Business Development & Strategy Manager
Linetrale Oil Supply & Trading Company, Nigeria

Testimonials

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"We are trading mainly middle distillates in the Black Sea and Mediterranean. We started using AspectDSC in the middle of last year. We were happy with that and then we also added AspectCTRM to capture our trades and for proper risk management."

Nino Mendiburu, S.E.T. Select Energy GmBH, Germany

“I like the way I can customize pages the way I want, so I don’t waste time with information I don’t need. AspectDSC is very user friendly. Plus I travel 50% of the time, so the mobile service is important to me and my clients. I’m able to see where the market is to make decisions all the time.”

Mohamed-Julien Ndao, Trading West Africa, Addax & Oryx Group

George Ogbonna, Chief Operating Officer, Rocky Energy Limited, Nigeria

“Natalie (AES Acct. Rep.) is my friend. She is wonderful.

All the people at Aspect are very helpful — the customer service is great I like the BlackBerry service. It’s very important in my job as a trader. It makes my job easy with access to real time data from wherever I am.”

George Ogbonna, Chief Operating Officer, Rocky Energy Limited, Nigeria

“The Decision Support Center from AspectDSC is the perfect solution for our steel trading business. It delivers the real-time metals prices and news sources we need, along with powerful charting tools, all via the Internet. So I can access it anywhere, including on my mobile telephone.”

Tolga Teskin, Chief Executive Officer, Safir Metal Ltd., Istanbul, Turkey

“JSC Salavatnefteorgsintez considers it vitally important to receive real time information and prices from global markets of crude oil, oil products and petrochemicals. We are one of the largest Russian refining and petrochemical enterprises. AspectDSC offers a wide range of information sources which can be accessed and monitored to obtain market information we need to price our products. It includes data not only from ICE and NYMEX but also from such information agencies as Platts. Our employees find AspectDSC mobile access very convenient.”

JSC Salavatnefteorgsintez, Advisor to Deputy Financial Director on Business Process Optimization & IT Implementation, Russia

“Having worked with AspectCTRM before (formerly with Aspect client Masefield), I was assured of its capabilities. For Ambrian Energy, they were the best solution for trade capture and risk management.

Bernd Sturmheit, Ambrian Energy, London-Singapore-Hamburg

“I have used in house risk systems for two former companies, and was a part of developing those systems. As the administrator I’m pleased as Aspect does everything we need at Bominflot. We use it in offices around the world. Report Builder using OLAP provides a lot of possibilities in our reporting. It helped us move away from Excel and enables us to share data in different ways and get the same result, our daily P&L is more professional. We have people using AspectCTRM in three offices, Singapore, Houston and Hamburg and it’s being used by back office and front office staff. We’re hedging and entering paper trades for all offices.

Jens Treckmann, Risk Manager, Bominflot, Germany

“As trade volumes grow, it’s vital that we have the best tools available to support our traders in making decisions. Moving from AspectDSC to AspectCTRM Lite to the AspectCTRM Standard Edition has been a natural progression for us. AspectDSC has already proven itself as a reliable real-time and historical source of market information. By starting with AspectCTRM Lite we were able to gain a real-time view of trade risk and exposure which eliminated the danger of manual errors. And now we’re expanding on those capabilities to do even more. West Africa is a vibrant market, but to be successful it requires us to have end-to-end visibility of inventory and an ability to share that knowledge enterprise-wide”

Jerome Arbert-Engels, Ovlas, Operations, Monaco

“I use AspectDSC on BlackBerry. I travel a lot and it gives me my real-time ICE gasoil futures that I need. It’s very simple and concise, and Aspect’s customer service is very nice.”

Sean Ogunbambo, General Manager, Fargo Petroleum & Gas, Nigeria

“We knew we were joining a discerning group of users so the new confidence and accuracy with which we can trade thanks to AspectCTRM have merely confirmed our expectations. Having experienced a range of traditional, client-server systems, what really impressed was the super-fast and pain-free implementation. Moving from spreadsheets to real-time online was a major change and we were expecting it to temporarily adversely affect our business. In the event the cut-over was super-fast and very easy, showing that Aspect as a company has really thought hard about how this technology can be made to deliver positives right from the off.”

John Spencer, Director of Trading, Lemvig, Switzerland

“AspectCTRM is a solution that’s reaching critical mass with so many deployments throughout our industry in both the northern and southern hemispheres. We created our trading operation with some very experienced people, all of them with strong networks of contacts and agents, and all of them with previous experience of different trading support solutions. We agreed we wanted a solution that we had used before, and in which we had confidence. For our operation, and clearly for many other trading houses too, AspectCTRM is best of breed and helps us manage bulk information and mark to market profit and loss in a way that minimizes risk.”

I S Hwang, Director, OiLive

“AspectDSC offers great value but the real bonus is the flexibility which we lacked before. Web-based means we can track prices via a standard Internet connection or PDA. “

Feedstocks Manager, SABIC UK Petrochemicals

“We looked at a number of alternatives but felt that Aspect’s SaaS approach was the best fit with our needs. It’s proved highly affordable, very fast to implement and it’s enabling us to more accurately monitor our exposure and manage the business more effectively. Having talked to other Aspect users, we’ve confidence in the solutions’ ability to support us with additional functions as we continue to grow.”

Abdul Majid Mohd Yusoff, Managing Director, MasOil, Malaysia

“The Aspect tools are intuitive, easy to use and highly interactive. Also it’s very probable that when students go on to get jobs as traders they’ll be using Aspect for real with their employers.”

Charles Daly of Channoil Consulting/Education, UK

“Control and transparency are the keys to any successful trading operation. Here are the building blocks without which one cannot establish proper corporate governance and best practices. When I joined TNK one of my first priorities was to implement a new system of operations control through ASPectCTRM, which now, in my opinion, is the best in the market. It allows tracking of movements at any time: what was sold, who the seller and buyer were, and what the market situation was at that moment, and all this marked-to-market. Transparency is one of the keys to making the right decisions, absolutely vital in a competitive market in which one tries continuously to optimize results.”

Jonathan Kollek, VP of Sales, Trading & Logistics, TNK-BP

“AspectCTRM was installed and working for us so fast – quickly enabling us to get a real-time understanding of profit and loss, exposures, price movements in the markets and how we can better manage risk. It’s a cornerstone of our plans to grow our presence in neighboring states such as Abidjan(CIV), Ghana, Republic of Benin, Cameroon, Liberia, Congo and Angola.”

Peter Malcom King, Business Development & Strategy Manager, Linetrale Oil Supply & Trading Company, Nigeria

“For the functionality we need AspectCTRM offered the best solution for the lowest cost of ownership. We particularly like that it’s also very flexible and fits in with how we work. Indeed we expect soon to be integrating it with our existing loading management system, giving us yet more control.”

Emmanuel Egyei-Mensah, Director of Trading, Cirrus

“Having looked around for some time, it was clear that Aspect is the only company who can offer our business a full function CTRM platform, which we can access from any location at a price which fits our budget and return on investment model. They were very helpful and demonstrated excellent knowledge of our business. I look forward to working with them to leverage the power of AspectCTRM to help make our business more streamlined, efficient and effective. I would recommend small and medium enterprise commodity companies talk with Aspect Enterprise Solutions”

Harvey Puaar, Director of European Operations, Ambassador Lushbury Group

“AspectCTRM was the best option for us. It matched our requirements exactly and we were already familiar with AspectDSC so it was so easy to move across. The mobile access is important to us as we travel a lot and need to share data wherever we are. With Aspect we can aggregate our activities across the company in real-time.”

Kwasi Deh, Head Of Commercial at Chase Petroleum