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

Managing Risk: It's Everyone's Business

 

 

 

 

 

This 2-page article was featured in Oil Price Information Service's (OPIS) annual risk management guide. In today's fast-moving, risk-loaded trading environments, the management of risk is a critical success factor for any successful trading business. Risk management covers the management of a number of risk factors such as:

  • Price
  • Counter-party credit
  • Currency
  • Operational
  • Volumetric
  • Valuation
  • Technological
  • Modeling
  • Geography
  • Business Processes

Managing the full spectrum of risk is a holistic corporate-wide activity that takes place in a realtime environment. This supplement reveals the costly impact and risks associated with not managing these risks, and the competitive financial advantages of effective enterprise-wide risk management.

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We just got in 8 weeks what has eluded us for 8 Years!
The CEO of one of our customers in Asia, about their quick CTRM implementation time and ability to leverage real-time P&L with AspectCTRM