I recently spoke with the founders of a newly launched recruitment firm in the form of Commoditas Partners – Carl Vellenoweth, Manager Director and Chris Scott, Director. Commoditas Partners was recently created to ‘revolutionize’ the CTRM recruitment market and they are based in 2 locations in London, the...
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Paris-based Logaviv has been in business over 20-years and got its start developing software for commodity brokerage management for a physical broker client. In 1994, when the exchange opened in Paris, the company also began to develop market data and risk management services and also built a software...
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On the 21st January a surprise announcement entered my email. It was from Dycotrade’s Managing Director, Mr. Ouko Reitsema regarding a merger with TKF Mercator. I was surprised on two levels by this announcement as (1) I will be honest and say that despite tracking the CTRM space...
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Last week, I caught up with Austrian ETRM software vendor – ComFin – and I spoke with Mr. Gerald Neher (CEO) and Mr. Daniel Gallar (Bus. Dev.). The most interesting piece of news was ComFin’s recent win and addition of a new global client on TheBulldog platform. The...
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With the recent acquisition by ION, it appears that the management team at Triple Point is quickly evolving. Peter Armstrong, the company’s founder and CEO, left when the deal with ION was done; soon after, Oni Chukwu, SVP and CFO was gone. Now it appears that Greg Taylor,...
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I had the chance to drop in on a SAS event this week and get a view of their latest technology around data visualization. Most of the market has been aware for some time of SAS’s ability to aggregate massive amounts of data from large number of sources,...
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While no press announcements have been forthcoming from either Triple Point or Ion, the acquisition of Triple Point by Ion Investments has been consummated. The Westport CT (home of Triple Point) newspaper says the deal was announced last Saturday (though you’d be hard pressed to find that announcement...
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EKA Software Solutions, with the recent announcement of their investment in Australia-based Matrix Group, has now built a base of products, personnel and revenues that has separated the company from the mid-tier physical-capable CTRM vendor pack and moved them into a select group of vendors – those with...
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Moody’s released their rating of the new debt being taken on in Ion’s acquisition of Triple Point…pretty much sealing this transaction as a done deal, even if not officially announced yet. Some interesting tid bits from the rating narrative: “The Caa1 Corporate Family Rating reflects Moody’s expectations for...
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Its being widely reported, both in the press and through the grapevine, that the buyer for Triple Point is ION Trading. ION is a Dublin-based software vendor whose products have been primarily focused on the financial services space. They have been an active buyer of solutions in the...
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