I had the opportunity to review a pre-release version of Molecule’s ETRM/CTRM Transformation & Modernization report which they have published today. They compiled feedback from over 200 participants across the industry including producers, consumers and traders across a broad range of commodities. One of the key takeaways of the report is that 24% of respondents indicated a modernization initiative is currently underway, while an additional 66% indicated a modernization initiative is planned for the near future. Cost and executive buy-in were the top two modernization challenges for mid-size companies, while embedded legacy systems and executive buy-in were the top two modernization challenges for large companies. Across all respondents, 70% indicated their current system does not support all the necessary business practices, and 21% indicated their current system doesn’t support everything they trade. For trading organizations, the key drivers to modernize their risk operations are agility and analytics, as the pace of trading continues to increase. These findings are consistent with trends ComTech is observing in the market. For ComTech, the move to digitalize continues to drive investment in cloud and SaaS CTRM and related software and our forthcoming 2024 Market Sizing Study report will demonstrate this conclusively. Meanwhile, a large… continue reading