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

The Time Has Arrived For Software-As-A-Service (SaaS)
Web-Based Applications In Commodity Trading & Risk

 

 

Commodities trading and risk management (CTRM) is in a state of rapid change. The catalyst is three-pronged; a global tightening of the regulatory and corporate governance environment surrounding the buying and selling of commodities such as energy and agricultural products alongside shrinking lines of credit, coupled to a growing consensus that legacy client-server architecture, the established delivery mechanism for CTRM solutions, must make way for Web-delivered next-generation software as a service (SaaS).

This short paper aims to give an overview of SaaS CTRM, showing how it has positive implications for speed of implementation, cost of ownership, operational flexibility, trading safety, and efficiencies. The C-level decision maker will be better equipped to make a judgement about how and when his or her organization should plan a move to SaaS CTRM, and to ask informed and critical questions of contending CTRM solution vendors.

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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