Tony Teo of Enuit’s Singapore office says that things have slowed a bit there recently, aggravated by the ongoing fallout from the lockdown but, more importantly, by a series of scandals that have rocked the industry. “There have been several cases of trading houses in trouble,” he said....
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Having been deeply involved with ETRM, CTRM, and CM software since its inception, I have seen countless vendors and products come and go. Patrick and I must have seen every product out there at some point or another. One thing I have noticed in the last 25-years of...
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As we had noted in a Dec 2019 blog post covering a conversation with Aquilon Energy Services’ president Randy Wilson, Aquilon “provides an invoice settlement/reconciliation platform – called the Energy Settlements Network – primarily for gas and power market participants.” Founded in 2015, Aquilon spent its first few...
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Yagnesh Savania of IGNITE CTRM got in touch with us last week and gave us an update on how things are going. “We managed to close deals throughout the pandemic,” he told me. “It was tough though, especially in the late spring/early summer timeframe.” Things began picking up...
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CTRMCubed is one of several newer vendors that have come to market recently. Led by Simon Piercy and his vision of an affordable, cloud-based CTRM and an associated ecosystem of applications built by a variety of different providers from an app store, the product is now being actively...
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As they say, it never rains but pours, and this last couple of weeks has seen us get introduced to several new and emerging vendors. Yesterday, I spoke with Topaz Technology in London. Topaz was founded in 2015 by Jon Fox and colleagues. Jon is ex-Trafigura, and he...
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I recently checked-in with Keith Thibodeaux, Enuit’s head of sales for the Americas, to see how the firm fared during last year’s challenges and how he sees the market shaping up in 2021. As he and most others had pointed out, 2020 was certainly different from anything anyone...
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In the CTRM software space, there are always new entrants. I got introduced to a recent new entrant recently in the form of London-based Skarvi Systems and its CEO, Ramanathan Ravi. Ramanathan’s story is a familiar one to me. He is a veteran of the oil industry and...
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Recently, I wrote an article about the Redditors, Robinhood, and the impact on commodity firms. I also participated in a Commodities People webinar on the same topic. My thinking was that this new trend of retail investors driven by Reddit groups and social media would have a limited...
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Fendahl’s quiet start to 2020 did not last and the vendor ended up having a good year according to Henry Thornalley. “We kept running at full steam,” he said. “And ended up signing four new customers.” Fendahl also hired three new sales staff and has a very strong...
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