Many of the vendors in the CTRM and CM software space use LinkedIn for product marketing. Recently, I noted some short announcements there by ION Commodities and so I followed up and talked briefly with Yags Savania, head of EMEA sales at ION. All in all, it seems that ION is quite active and closing deals. One recent official announcement over the wires is just the tip of the iceberg. That announcement confirmed that Linetrale LLC had selected ION’s commodities trading and risk management solution Aspect. “With Aspect’s market coverage, Linetrale LLC will be empowered to achieve its goal of becoming a global supplier of liquified natural gas (LNG),” the announcement stated. Posted on LinkedIn there have been several other announcements including that UK-based Hyphen Trading Ltd had also selected Aspect – ION’s SaaS CTRM – to manage its Base Metals trade and risk management. Additionally, CORAL ENERGY, the international commodity trading group, had deployed Aspect as one of its key technology solutions for its global operations. However, in talking with Yags Savania at ION, it seems that ION has signed several other deals so far this year across ION’s CTRM portfolio. These, he told me, included a gasification terminal and natural gas… continue reading
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