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Sourcebook

CTRM Software Suppliers


and Products

2021
Version 091321

Copyright 2021 Commodity Technology Advisory llc


2021 CTRM SourceBook

Table of Contents
Introduction ....................................................................................................................1
About the CTRM Sourcebook .......................................................................................2
Important Disclaimer ..................................................................................................5
Detailed Product Listings..............................................................................................7
Agiboo ................................................................................................................................8
Amphora ........................................................................................................................... 11
Artis Works LTD ................................................................................................................. 14
Beacon Platform, Inc. ........................................................................................................ 17
Brady - Commodities ......................................................................................................... 20
Brady - Energy ................................................................................................................... 24
Cadran Consultancy bv ...................................................................................................... 28
ComFin Software ............................................................................................................... 31
Commodities Engineering .................................................................................................. 34
Contigo Software Limited .................................................................................................. 37
CTRMCloud ....................................................................................................................... 40
CTRM Cubed...................................................................................................................... 43
CubeLogic Limited ............................................................................................................. 46
Datamine .......................................................................................................................... 49
EGSSIS – Butlers & Whizzkids ............................................................................................. 52
Eka Software ..................................................................................................................... 55
Enegen Power Systems ...................................................................................................... 58
Energy One Limited ........................................................................................................... 61
ENUIT LLC .......................................................................................................................... 64

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2021 CTRM SourceBook

Eximware, Inc. – Partner XM.............................................................................................. 67


Eximware, Inc. – XM Marketplace ...................................................................................... 70
eZ-nergy ............................................................................................................................ 73
Fendahl Technology........................................................................................................... 76
FIS - Energy Trading, Risk and Logistics Platform (formally Aligne) ..................................... 79
FIS - Kiodex........................................................................................................................ 82
FIS - XDM .......................................................................................................................... 85
Gen10 ............................................................................................................................... 88
Hitachi ABB Power Grids.................................................................................................... 91
Hivedome Limited ............................................................................................................. 94
Igloo Trading Solutions ...................................................................................................... 97
IGNITE CTRM, LLC ............................................................................................................ 100
Inatech – a Glencore Company ........................................................................................ 103
INVENSOFT TECHNOLOGIES PRIVATE LIMTED .................................................................. 106
ION Commodities - Agtech............................................................................................... 109
ION Commodities - Allegro .............................................................................................. 112
ION Commodities - Aspect ............................................................................................... 115
ION Commodities - FEA.................................................................................................... 118
ION Commodities - Openlink ........................................................................................... 121
ION Commodities – Product Portfolio .............................................................................. 124
ION Commodities - RightAngle......................................................................................... 127
ION Commodities – Triplepoint........................................................................................ 130
ION Commodities – Value Added Solutions ...................................................................... 133
Lacima............................................................................................................................. 135
Mobius Risk Group – G-Risk Carbon and ESG Analytics ..................................................... 138
Mobius Risk Group – M-Risk Risk Analytics ...................................................................... 141
Mobius Risk Group – RiskNet and Advisory ...................................................................... 144
Mobius Risk Group - RiskNet ........................................................................................... 147
Molecule Software .......................................................................................................... 150
Navitasoft ....................................................................................................................... 153
PCI (Power Costs Inc.) ...................................................................................................... 156
Previse Systems ............................................................................................................... 159

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2021 CTRM SourceBook

Quantifi ........................................................................................................................... 162


SAP SE ............................................................................................................................. 165
Topaz Technology ............................................................................................................ 168
Tradesparent ................................................................................................................... 171
Trilogy Effective Software Solutions, Inc .......................................................................... 174
W Energy Software .......................................................................................................... 177
Other Vendors ............................................................................................................180
About Commodity Technology Advisory ................................................................182

Advertisers Index
DycoTrade ...……………………………………………………………………………….. 3
ETRM Services ..….……………………………………………………………………….. 4
iRely………………………………………………………………………………………….. 5
Opportune ………….………………………………………………………………………. 6

Copyright 2021 Commodity Technology Advisory llc


2021 CTRM SourceBook

Introduction
The Commodity Technology Advisory LLC (ComTech) Sourcebook of CTRM Software is
designed to be a highly usable and rich resource of information to those seeking insights into
the capabilities and coverage of products within the ETRM/CTRM software space. It is a
starting point in the product selection process - a mid-level guide to allow the reader to develop
a long list of vendors that have high potential capabilities in terms of functional and commodity
coverage to meet the specific needs of individual commodity market participants.

This document is not intended to be a replacement for a formal selection process - CTRM
software is simply too complex to be selected properly without utilizing a methodical selection
process.

Rather, our intention in developing and publishing the CTRM Sourcebook is to inform the
reader of the wide universe of vendors and products and their capabilities at a high level.
Ultimately, the CTRM Sourcebook will allow companies seeking a new system to compile a list
of vendors that may include some that might not have otherwise been considered, or even
some that they may not have been previously aware of.

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About the CTRM Sourcebook


Each Vendor and Product listing is compiled with the same format for clarity and ease of use,
and each is comprised of:
• The name of the vendor and contact information
• Company and product information including each vendors’ submitted company and
product description
• Total installed base by licensed customer companies
• A representative list of users of the product
• A graphic showing client distribution by common industry segment
• A graphic showing the distribution of current clients by geography
• A graphical matrix providing an overview of the product's capabilities, by function
(horizontal axis), by commodity (vertical axis)
• Deployment methods of the highlighted product(s)
• Office locations and contact phone numbers
The product functionality and commodity coverage charts are easily readable and provide mid-
level information about each vendor’s product capabilities.

ComTech’s methodology for compiling the Sourcebook was to distribute a spreadsheet and
questionnaire for data collection. Most of the vendors in the space were invited to submit their
information for publication. Those that chose to participate completed and returned the
questionnaire, including identifying by commodity and function (or feature) whether their
software:
1) has an indicated capability that is in use by a current user (indicated by a green
checkmark)
2) has that capability available but is not currently used by a client (indicated by yellow
circle), or
3) does not provide that capability (indicated by red “X”) for the indicated
function/commodity combination.

Submitted information was reviewed and edited by ComTech to ensure all vendors conformed
to the same standard, and adjustments were made to some vendor responses to ensure

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2021 CTRM SourceBook

consistency among all respondents. The information submitted by the vendors was used to
complete the vendor/product listing.

For information about other vendors that may provide similar capabilities, at least in part, to
those vendors included in this 2021 CTRM SourceBook, please visit the CTRMCenter.com
resource directory.

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2021 CTRM SourceBook

Important Disclaimer
Please Note: Commodity Technology Advisory LLC cannot guarantee the accuracy of any of
information within the Vendor listings. While we have attempted to match vendor claims against
our knowledge of their market capabilities, given the dynamic nature of these markets and the
ongoing development of new capabilities to address emerging needs, none of the vendor claims
of any particular capability can be fully and accurately verified.

Additionally, given the complexity of the CTRM space generally, we cannot guarantee that the
vendors have interpreted the terminology we used accurately in preparing their responses, nor
that each vendor has applied the same approach and/or interpretation in answering our
questions. As such, this material is presented on the basis that it is indicative of the broad
capabilities of vendor’s products at the time of publication.

ComTech Advisory strongly advises users of this document to verify all capabilities directly with
the vendors and undertake requisite due diligence when selecting software.

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Detailed Product Listings

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2021 CTRM SourceBook

Agiboo
Guamstraat 8
1339 NB Almere
The Netherlands
Product:
Phone: 313 652 13131 Agiblocks
www.agiboo.com

Agiblocks CTRM Software has been developed with the Number of Licensed Client Companies: 30
single goal of making the daily practices of commodity trading Representative Clients: Farmers Business Network,
professionals more efficient. Golden Agri, Daarnhouwer

Its clean user interface is simple with fast access to key


functions. For every task, from creating a contract to
evaluating your risk, all required information is immediately
available.

It is as powerful on smartphones and tablet computers as it is


on the desktop. Agiblocks is specialized in the agricultural and
soft commodity industry.

Delivery Methods:
 Traditional License
 SaaS: Multi-Tenanted
 Hosted in Private Cloud
 Hosted in Public Cloud
 Other: License Rental

Office Locations and Phone:


 Chicago US +1 312 848 1602
 Singapore +65 945 26915

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Vendor: Agiboo Product Name: Agiblocks Version: v.3.31.13


Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not
at a client site capable of providing functionality providing that functionality
- applicable for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates
Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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Amphora
London Bridge, The News Building
3 London Bridge Street Product:
London UK SE1 9SG Symphony
www.amphora.net

Amphora is a software solution provider for commodity Number of Licensed Client Companies: 22

trading, logistics and risk management in the global oil, Representative Clients: Mercuria; Gail India; STX Group
refined, Renewables, LNG, coal, ore, metals, concentrates,
and freight marketplace.

Founded in 1997, Amphora, provides enterprise software


solutions designed and developed for companies whose
business is supply and trading. Our team includes experts
from the energy industry who help design and implement the
(Commodity Trading and Risk Management solution) CTRM
according to industry best practice.

Delivery Methods:
 Traditional License
 Hosted in Private Cloud
 Hosted in Public Cloud

Office Locations and Phone:


 Dubai, UAE
 Zug, Switzerland
 Houston, United States
 Hyderabad, India
 Singapore

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Vendor: Amphora Product Name: Symphony Version: 6.5


Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not applicable
at a client site capable of providing functionality providing that functionality
- for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates
Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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Artis Works LTD


25 EP
25 Eccleston Place Product:
London UK SW1W 9NF Folio
Phone: +44 (20) 7042 9370
www.Artis.Works

Artis Folio is a new concept of application with uses spanning Number of Licensed Client Companies: 9
multiple roles across an organisation from Management, the Representative Clients: Information not provided
Trading Desk all the way through to Fundamentals, Risk and
Credit whilst having direct links from the exchanges for live
quotes. It can be accessed with a single sign on from any
device. It allows the creation and instant sharing of multiple
data points and formulae including market curves including
true live P&L over the entire organistion, physical netbacks,
blending, ref / chem margin calculations and fundamentals
forecast.

Folio has been created with 20 years’ worth of experience


over all facets of trading. Initial customers are within the Oil
market with Folio soon being rolled out to Gas and Power,
Ags, Renewables, Metals and so on.

Delivery Methods:
 SaaS: Multi-Tenanted
 Hosted in Private Cloud

Office Locations and Phone:


 London, UK +44 (20) 7042 9370

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Vendor: ARTIS WORKS LTD Product Name: FOLIO Version: v1


Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not applicable
at a client site capable of providing functionality providing that functionality
- for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates
Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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Beacon Platform, Inc.


5 Hanover Square, 20th Floor
Suite 2001
New York, NY 10004
Product:
Phone: +1 800 893 9826 Beacon Platform
www.beacon.io

The Beacon Platform is the only commodity and energy Number of Licensed Client Companies: 25
platform to provide access to all source code within an Representative Clients: EnBW; Statkraft AG; Shell New
integrated development environment, together with front-to- Energies; Axpo US; Javelin Commodities; Quantix
Commodities
back trading and risk management applications. Beacon was
built by the team that created lasting trading and risk
technologies at some of the world’s largest banks. Their
technology platforms have stood the test of time at the world’s
premier financial institutions. Beacon makes the same level
of technology available to everyone. Beacon brings together
two of the lead engineers and co-founders, Kirat Singh and
Mark Higgins, who are responsible for the three premier
enterprise innovation platforms in the industry. The Beacon
technology builds on nearly 30 years of innovation,
refinements, and lessons learned at Goldman Sachs,
JPMorgan, and Bank of America and Merrill Lynch.

Beacon’s transparent source gives developers access to the


entire Beacon platform which enables the client –- not the
vendor –- to own the full technology stack. It’s designed to be
extended, not replaced. Beacon’s flexibility makes commodity
firms more nimble. Beacon’s development environment
enables firms to centralize all their technology and
development on one platform; develop, deploy and use new
strategies and applications quickly; and adapt to regulations
faster than before. This transparency and flexibility empower
clients to securely build, iteratively test, tweak and integrate
Delivery Methods:
proprietary models and analytics, and to extend end-user
applications easily. Beacon takes away the shared pain of  Deployed in Client's Cloud Account (i.e. AWS or Azure)

implementing new technology and lets firms focus on their


Office Locations and Phone:
own core activities. The future of commodity trading is being
 New York, USA +1 646 609 9329
built, hosted, and distributed on the cloud. Beacon delivers  London, UK +44 20 361 712 99
the benefits of cloud technology to clients, including  Tokyo, Japan +81 (0) 70 3884 4310
cybersecurity, flexibility, and scale.

Beacon helps to solve the build vs. buy challenge. Clients can
manage technology infrastructure as well as build their own
solutions in one secure environment.

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Vendor: BEACON PLATFORM, INCORPORATED Product Name: Beacon Platform Version: Continuous Daily Upgrades

Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not
at a client site capable of providing functionality providing that functionality
- applicable for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates
Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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Brady
Centennium House
100 Lower Thames Street
London UK EC3R 6DL
Product:
Phone: 44 (0) 20 3301 1200 Brady Commodities
www.bradyplc.com

Brady Technologies provides commodity management and Number of Licensed Client Companies: Information not
CTRM software solutions to empower market participants to provided
trade profitably and sustainably, today and in the future. Representative Clients: Information not provided
Brady’s heritage in this sector is unrivalled and spans over 30
years. The company helps companies facing commodities
exposure to take advantage of opportunities arising from
market volatility, increase margin and reduce operating costs.

Their customers include renowned multi-national


organisations, many of whom have been with them for over 20
years, including:
• Derivatives traders, physical traders and financial
institutions
• Miners, producers and manufacturers across base,
concentrates and precious metals
• Agri co-operatives and bulk agri physical commodity
traders

Brady solutions help to attain a clear understanding of business


performance, drive greater visibility and collaboration across
the value chain.
• In financial trading - make more informed pricing and
hedging decisions, mitigate market risk, credit exposures
and explain P&L fluctuation, for OTC or exchange-based
trading, including via CME, LME and TOCOM.
• In physical execution - manage physical positions,
inventory and transportation logistics more profitably,
Delivery Methods:
address nuances such as warrants, concentrates and
 Hosted in Private Cloud
tolling for metals and capturing the transformation
process including bulk to break bulk, grading and Office Locations and Phone:
blending in agricultural commodities.  London, UK 44 (0) 20 3301 1200
 Cambridge, UK 44 (0) 1223 479479
Brady’s team proudly includes people from the industry, such  Edinburgh, Scotland 44 (0) 131 526 3950
as ex-traders, risk managers and operational leaders. They  Geneva 41 (0) 22 869 10 00
believe in long-term collaborative relationships with their
customers, are agile in the way they do business and how they
provide customer service.

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Vendor: Brady Technologies Product Name: Brady Commodities Version: 2021.2


Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not
at a client site capable of providing functionality providing that functionality
- applicable for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates

Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
2
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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Brady
Centennium House
100 Lower Thames Street
London UK EC3R 6DL
Product:
Phone: 44 (0) 20 3301 1200 Brady Energy
www.bradyplc.com

Brady Technologies provides trading, risk management and


Number of Licensed Client Companies: Information not
logistics software solutions to pan-European energy
provided
markets. Brady’s heritage in European energy markets is
Representative Clients: Information not provided
unrivalled and spans over 30 years. Their mission is to
empower market participants to profit from trading
opportunities arising from the green energy
transition, confidently and sustainably, today and in the future.

Brady’s customers comprise some of the most renowned


energy organisations in Europe, trading on major exchanges
including Nord Pool, EPEX and ICE, as well as OTC.

Their solutions cater for Utilities, Oil and Gas majors,


Independent Power Producers, Asset Developers, Energy
Traders and Commercial Aggregators, helping to optimise
trading performance, drive greater visibility and collaboration
across the value chain.

- In short-term power trading, Brady PowerDesk is


a pioneering single data driven and dynamic SaaS
platform for traders to optimise flexible assets and grow
revenue in intraday and day ahead markets.

- In financial energy trading, Brady’s ETRM solution


supports trading in longer term structured deals including
PPAs, oil, gas, coal, emissions and FX. It helps to make
more informed hedging decisions, mitigate market risk,
credit exposures and manage P&L.

- In physical power trading operations, Brady solutions help Delivery Methods:


to address Transmission System Operator requirements  Traditional License
 Hosted in Private Cloud
to schedule and balance power efficiently across Europe,
analyse complex time-series trading data and process Office Locations and Phone:
large volumes of meter data.  London, UK 44 (0)20 3301 1200
 Bergen, Norway 47 99 09 99 98
Brady’s team proudly includes people from industry, such as  Edinburgh, Scotland 44 (0) 131 526 3950
ex-traders, risk managers and operational leaders. They  Halden, Norway 47 99 09 99 98
believe in long-term collaborative relationships with their
customers. Many have been with them for over 20 years. Brady
are agile in the way they do business and how they provide
customer service.

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2021 CTRM SourceBook

Vendor: Brady Technologies Product Name: Brady Energy Version: 2021.2


Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not
at a client site capable of providing functionality providing that functionality
- applicable for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates

Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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2021 CTRM SourceBook

Cadran Consultancy bv
De Beek 7
3871 MS Hoevelaken
The Netherlands Product:
Phone: +31332471599 CTRM4JDE
www.cadran.nl

Cadran’s natively integrated CTRM and ERP solution Number of Licensed Client Companies: 5
Cadran’s Commodity Trading & Risk Management solution, Representative Clients: Information not provided
CTRM4JDE, is the number one software solution for commodity
traders. The solution offers an integrated CTRM and ERP process in
one single application. It enables you to manage your end-to-end
commodity trading, logistics and manufacturing processes from
contract to cash. Within one system, the physical and paper trading,
financials, logistics, sales, purchasing and manufacturing departments
can work together and make intelligent decisions. CTRM4JDE
provides one version of the truth, which helps you to analyze and act
fast, thereby improving revenue, reducing cost and eliminating risk.
Automation & Simplification
Our system is developed to automate your business processes. Our
‘Alert, Analyze, Act’ focused development strategy enables users to
spend their time efficiently. When transactions require action,
CTRM4JDE avoids users having to deal with information overloads.
Our User Experience strategy is focused around three solution layers:
the analytical view, the simplified view and the Expert view.
Empowering users to execute their tasks in a simple and effective
manner ensures efficient execution and promotes user adoption.
Position insight
Your trade position, at the heart of our solution, is always shown real-
time. Contracts, logistics, sales prices and expected costs come
together in CTRM4JDE to help you make the right decision.
Contract allocations
Following a buy or sell, our solution supports contract allocation. You
can split purchases or sales based on volumes, quality, or other
characteristics. By allocating contracts based on your defined product
specifications, you will find and execute the perfect match. In the world
of trading, nothing is final until the contract is formally executed. Unique
within our solution is that unlike any other ERP, you can change the
allocation until the contract is formally executed.
Risk Management: Mark-to-Market
The Mark-to-Market ratio helps you understand the value of your Delivery Methods:
assets. We support an automated view of your Mark-to-Market, based
on parameters that you can define yourself. Explore our Mark-to- Information not provided
Market dashboard in the live demo environment on our website.
Risk Management: Value-at-Risk Office Locations and Phone:
You want to know which part of your portfolio may be subject to  The Netherlands +31332471599
downside risk and what the value of that part is. Our Value-at-Risk
dashboard helps you understand this based on JP Morgan’s Risk
Matrix parametric Mean-VaR or based on the Modified Cornish Fisher
VaR. This allows you to set a confidence level (for example, 95%) and
then shows you the Value-at-Risk within your portfolio. Try this
dashboard on our website.
Logistic Services
Our solution helps you to plan and execute logistics to ensure an
excellent customer experience. It includes pre-contract expected
profitability calculations based on numerous variables including
logistics and storage costs.

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2021 CTRM SourceBook

Vendor: Cadran Consultancy bv Product Name: CTRM4JDE Version: V3.6


Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not applicable
at a client site capable of providing functionality providing that functionality
- for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates
Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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2021 CTRM SourceBook

ComFin Software
Klumschgasse 17
1030 Wien
Austria
Product:
Phone: +43 1 5134704 Comcore
www.comfinsoftware.com

ComFin Software is a boutique CTRM software company from Number of Licensed Client Companies: 5

the heart of Europe, based in Vienna, Austria. They have Representative Clients: PTT; Unipec (UK); Nayara Energy
specialised in the development of tailored solutions for
international trading houses, but also offer flexible out-of-the-
box CTRM products that can easily be adapted to fit very
specific needs.

Both the legacy product TheBulldog™ and its successor


Comcore™ support physical and paper trades for crude oil and
refined products, ags, metals and concentrates. The software
helps companies to streamline their trading and risk
management processes and covers activities of front, mid, and
back office. The rights management, centralised encrypted
trade database, trading limits, and flexible reporting ensures
full compliance. Together with other crucial functionality the
systems assist in maximising profits by automating processes
and highlighting potential financial risks.

ComFin Software has been serving international trading


houses since 1998.

Delivery Methods:
 Traditional License
 Hosted in Private Cloud
 Hosted in Public Cloud

Office Locations and Phone:


 Austria +43 1 5134704

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2021 CTRM SourceBook

Vendor: ComFin Software Product Name: Comcore Version: 1.3


Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not applicable
at a client site capable of providing functionality providing that functionality
- for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates
Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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2021 CTRM SourceBook

Commodities Engineering
Chemin du vieux-puits 15
1228 Plan-les-Ouates
Switzerland
Product:
Phone: +41 (22) 575 33 24 BALSAMO
www.commoditiesenegineering.com

Commodities Engineering is a well-established and trusted Number of Licensed Client Companies: 8


provider of CTRM solutions for Producers, Traders and Representative Clients: Ocean Partners; GMI –
Consumers alike. Greenwich Metals; WercoTrade AG; Penfold; Zopco;
Manatrade
Designed by a team of commodities experts with extensive
experience of the markets, ‘Balsamo’ is a fast, reliable,
scalable, efficient and user-friendly CTRM which applies the
latest technologies allowing users to manage the full workflow
of demanding and complex commodities.

Balsamo has a unique core engine and can handle any kind of
commodity providing precise and infinite granularity for
valuations, risk analysis as well as rapid real-time calculations.
Balsamo’s true field of excellence is dealing with complex
materials such as Concentrates, Industrial Minerals, Minor
Metals, Precious Metals, Scrap.
Balsamo is capable of swiftly and easily calculating
payable/penalty contents using business rules which can be as
complex or simple as required; for example treatment charges,
refining charges, price participation, price sharing, escalators
etc. Business Rules can be quickly created and applied within
the system by the client or by CE ensuring continuation of the
workflow without any delays.
Balsamo’s proven handling of the most complex commodities
means that it is capable of supporting other commodity types
with ease.

Balsamo includes Trading, Treasury, Accounting, Risk,


Logistics and Market Data modules, making it more than just a
CTRM; it is a complete Commodities Management System for
End-to-End management of trades and related risks.
The powerful and adaptable processing by Balsamo supports
real-time and end-of-period P&L, Mark to Market plus risk
calculation. Fully integrated BI tools deliver complex position, Delivery Methods:
P&L reports and risks cards.  Traditional License
The system comes with a full set of standard reports enabling  SaaS: Multi-Tenanted
 Hosted in Private Cloud
users to make trading/financing decisions more speedily and
efficiently, however, client specific reports can easily be Office Locations and Phone:
created as required.
 Switzerland +41 (22) 575 33 24
Documents based on pre-set templates can also be generated
by the system: for example invoices, weight & assay
certificates, contracts, certificates of origin etc.
The Commodities Engineering team have implemented CTRM
solutions for various producers, traders and consumers
worldwide. The company is now beginning its second phase
of growth, with the main focus on acquiring larger clients and
expanding offices in the Americas and Asia.

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2021 CTRM SourceBook

Vendor: Commodities Engineering Product Name: BALSAMO Version: V2


Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not applicable
at a client site capable of providing functionality providing that functionality
- for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates
Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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2021 CTRM SourceBook

Contigo Software Limited


Radcliffe House, Blenheim Court
Solihull
UK B91 2AA
Product:
Phone: +44 (20) 845 838 6848 enTrader
www.contigosoftware.com

Contigo Software Limited is a vendor of ETRM solutions Number of Licensed Client Companies: 31
across the UK and Europe. Representative Clients: HOFOR; Yorkshire Gas and
Contigo uses modern technology to deliver configurable Power; Eniig (now Norlys); InterGen; SSE; Ecotricity
software solutions for all points in the energy value chain,
including generation, wholesale and retail trading. Its
solutions enable central and far-reaching control and
management of the entire energy portfolio.
Contigo has a modular product suite which provides
sophisticated solutions, managing the full trade lifecycle,
portfolio management, P&L, risk analytics, regulatory
reporting, VaR (delta normal and Monte Carlo are available)
and settlement.
Contigo provides an award-winning web-based ETRM system
offered in the cloud or deployed. Its ETRM solution is a multi-
commodity, multi-user, time-series-based system that
supports the full trade lifecycle from deal capture and risk
management through to settlement processes.
The system manages gas, power, carbon, emissions and
other certificate portfolios. In addition, the system manages
energy notifications and nominations. Scheduling is managed
through its sister company, eZ-nergy, with native connectors
to Contigo products.
Trades executed on exchange and broker venues are
straight-through processed (STP) into the system. STP and
OTC trades are managed natively down to low-level
granularity with near real-time reporting capabilities to support
critical decision making and intraday trading.
The system accurately provides open and closed positions on
demand and offers flexible reporting via an ODATA connector
to plug in a Power BI dashboard.
The system has pre-configured standing data providing 'out-
of-the-box' configuration and functionality, allowing rapid Delivery Methods:
implementation times.  Traditional License
Contigo products support SOAP and REST APIs and can be  Hosted in Private Cloud
easily integrated with in-house or third-party systems.  Hosted in Public Cloud
Contigo is part of the Energy One Group, which is an ETRM Office Locations and Phone:
software house based in Australia. Energy One is an
 Solihull, UK +44 (0) 845 838 6848
Australian stock-exchange (ASX) listed company and it has
more than 50% market share of the wholesale energy trading
in that market. Established for over 15 years, the company
offers a similar and complementary product range to Contigo
in Australasia.
Also part of the Energy One Group is eZ-nergy, a French
software company that supplies software and services across
Europe. Contigo partners with eZ-nergy to provide a complete
range of solutions serving the European power and gas
markets.

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2021 CTRM SourceBook

Vendor: Contigo Software Limited Product Name: enTrader Version: 8.3


Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not applicable
at a client site capable of providing functionality providing that functionality
- for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates
Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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2021 CTRM SourceBook

CTRMCloud
595 Market Street
Suite 2430
San Francisco, CA 94105
Product:
Phone: 001 628 888 2508 CTRMCloud
www.ctrmcloud.com

Company Overview Number of Licensed Client Companies: Information not

CTRMCloud™ is transforming the commodity trading provided

landscape by simplifying once-complex trading and risk Representative Clients: Information not provided
management software. By offering CTRM-as-a-Service,
CTRMCloud offers a pay-as-you-go model with a cloud-native
solution that is quickly and efficiently deployed, equipping
organizations with real time decision support and intraday
reporting across the entire commodity value-chain.

CTRMCloud was established in 2016, with presence in San


Francisco, New York, Chicago, Paris and London.

Product Overview

CTRMCloud™ delivers the benefits of a modern, cloud-native


solution including rapid implementations, continuous product
enhancements, high performance, scalability, better user
experience – all at a significantly lower TCO.

The CTRM-as-a-Service platform utilizes a microservices


based architecture to enable modular deployment for point
solutions, ready to scale with your business requirements. At
the same time, it has the breadth and depth of the functionality
and the robustness required to serve as an enterprise wide,
end-to-end CTRM solution for large, global companies with
complex business problems.

Delivery Methods:
 SaaS: Multi-Tenanted

Office Locations and Phone:


 San Francisco, CA US 001 628 888 2508

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2021 CTRM SourceBook

Vendor: CTRMCloud Product Name: CTRMCloud Version: 2


Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not
at a client site capable of providing functionality providing that functionality
- applicable for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates

Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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2021 CTRM SourceBook

CTRM Cubed
Lake View House
Wilton Drive
Warwick UK
Product:
Phone: +44 (0)1926 675933 TradeCube
www.ctrmcubed.com

TradeCube from CTRM³ simplifies E/CTRM operation with an always- Number of Licensed Client Companies: Information not
on SaaS service, delivered on a cost-effective pay-as-use basis. provided
TradeCube is designed to be simple to implement and simple to Representative Clients: Information not provided
operate. Environments are set up instantly without the need for
infrastructure or hardware. Upgrades are provided with zero
downtime and zero effort to the client.
Admin functions are self-service through the browser interface, and
the self-service concept is enhanced by a secure REST API which
enables straightforward integration to cloud, intranet and other
microservices. The platform includes a Web Services component
allowing data to be selected and passed to external systems (for
example for custom reporting). Event driven Webhooks allow actions
to be run automatically when data is updated. Sample open-source
code examples for both Web Services and Webhooks are available
to clone or fork on GitHub.
Power by Microsoft Azure, the multi-tenanted platform rethinks the
approach to CTRM. Aimed at businesses of all sizes that need an
easy-to-use CTRM, TradeCube delivers without the stress, hassle,
time, and cost of a major project implementation.
TradeCube comes pre-configured with a range of useful standing
data, such as counterparties, exchanges and products to make
getting started even quicker. The service includes support for a full
spectrum of commodities.
The Data Analytics component adds flexible cube analysis and
reporting, enabling big data analysis of portfolio metrics without the
need for separate reporting tools or analysis products. Drill up and
down key metrics including Profit and Loss, Mark-to-Market and
Value-at-Risk over any portfolio or timescale with the built-in
CubeViewer component.
Metrics are collated into a KPI dashboard customisable by each user,
to present key charts and trends and the main page, providing an
instant overview of the trading and portfolio.
Admin users can clone, backup, restore and configure environments
with a single click; perfect for setting up training or testing Delivery Methods:
environments. Specialist IT staff are not needed as the infrastructure,
servers, databases, and installation are all included in the service. Information not provided
Auto-updates keep the system updated and upgraded periodically
and are also included at no extra cost. Office Locations and Phone:
Best of all, TradeCube comes with no commercial risk. The service
 Warwick, UK +44 (0)1926 675933
allows an instant environment setup with a 30-day free trial, no long-
term commitments, or complex contracts.
Transparent pricing means clients only pay for what is needed
through a low per-user per-month service fee, alongside
straightforward SaaS terms. Uptime is guaranteed through service
charge rebates for any month not meeting the uptime SLA.
Extensibility is provided through the online store providing additional
plug-ins, components, modules, data services, and third-party
services.
Sign up for a free 30 day no commitment trial at https://tradecube.io

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2021 CTRM SourceBook

Vendor: CTRM Cubed Product Name: TradeCube Version: 2021.19


Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not applicable
at a client site capable of providing functionality providing that functionality
- for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates
Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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2021 CTRM SourceBook

CubeLogic Limited
10 York Road
London
SE1 7ND
Product:
Phone: +44 208 1488277 RiskCubed
www.cubelogic.com

Our vision is to be a technology leader enabling timely risk analysis Number of Licensed Client Companies: 45
to mitigate exposure and maximise returns on marketing and trading
activity in energy, commodity and financial markets. We constantly
Representative Clients: Uniper; PetroChina; Suncor
strive to provide forward looking tools and indicators, allied to building
a world class professional services delivery capability, to support our Energy Services; Anglo American
clients in the implementation of this vision.
Cubelogic provide enterprise wide, cross asset class risk
management solutions for all exposures generated by trading
physical energy/commodities and financial derivatives. CubeLogic
differentiates itself by leveraging Business Intelligence (BI) natively
within its flagship Risk3 platform, as well as proven integration
technologies, reference data management and business process
automation to enable clients to consolidate, analyse and mitigate risk
in the most effective and efficient manner possible. Utilising ultra-fast
and flexible multi-dimensional reporting and analytics cubes Risk3
provides powerful, self service BI visualisation and reporting
capabilities out of the box.
Leveraging proven integration capabilities and prebuilt APIs, Risk3
complements single or multiple ETRM systems environments to
consolidate and aggregate positions and exposures, and provide a
simplified, holistic and risk centric view across the enterprise. With
flexible deployment options from on-premise to single tenant SaaS
hosted on Microsoft’s Azure cloud, Risk3 can drive timely and fully
consolidated assessments of Group wide credit, market and
compliance risk.
CubeLogic specialises in managing three areas of risk:
• Credit risk – measuring, managing and mitigating counterparty
risk with KYC and customer onboarding, credit assessments and
scoring, limits and exposure management, agreement and
collateral management, and credit analytics such as Collateral
Adjusted Exposure, Expected Loss and Potential Future
Exposure
• Market risk – capture, aggregation, analysis and reporting of
trade positions and P&L across multiple trading books, business
lines and portfolios. The calculation and management of key
market risk metrics such as parametric, historical and MC VaR,
Greeks and sensitivities, stress testing and what if analysis
across both linear and complex portfolios with optionality.
• Compliance risk – an orders and trades transaction surveillance Delivery Methods:
and position limits management solution pre-integrated with
market data and exchange connectivity with a leading-edge data  Hosted in Private Cloud
analytics engine designed specifically for trading both physical  Hosted in Public Cloud
products and financial derivatives in the energy and commodity  Single Tenant SaaS or On-premises
markets. Compliance with REMIT, MAR and commodity
exchange regulations through dual layered analysis of market Office Locations and Phone:
abuse patterns and indicators such as physical withholding,
 Houston, US +1 (832) 498 6374
capacity hoarding, cross market and settlement/market price
manipulation.  Berlin, Germany +49 30 773 20 700
With over 45 clients across the energy value chain, our clients rely on
 Bangalore, India +91 (0)80 48530829
Cubelogic to solve the business challenges of fragmented data and  Singapore +65 68095034
systems environments; limited visibility and control over risk; lack of  Swansea, Wales
timely and accurate reporting; dependence on manual risk processes;
inability to scale operations to support business growth and desire to
avoid reputational and financial damage from compliance breaches.

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2021 CTRM SourceBook

Vendor: CubeLogic Limited Product Name: RiskCubed Version: 8


Functionality is deployed and in production Not Deployed, but system is capable System is not currently capable of Not Applicable - Functionality not applicable
at a client site of providing functionality providing that functionality
- for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates
Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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2021 CTRM SourceBook

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2021 CTRM SourceBook

Datamine
Hanover House, Queen Charlotte Street
Queen Charlotte Street
Bristol UK BS1 4EX
Product:
Phone: +44 1749 683 350 MineMarket
www.minemarketctrm.com

MineMarket incorporates the full value chain from material Number of Licensed Client Companies: 28
management through contract execution to back office Representative Clients: IXM; Ma’Aden Gold & Base
accounting, giving a complete end-to-end solution and line of Metals; Advaita Trade; Glencore Operations Australia Pty
sight through all departments. Ltd; BHP Nickel West; BHP Iron Ore Ltd

Traders and operators are enabled to confidently transact


quickly in their volatile environment when using MineMarket.
Validated, real-time data permits proactive decisions to
optimise any risk or opportunity. To deal with uncertainty and
complexity, MineMarket provides clear visibility on the
performance across all departments, enabling hedging to
balance risk and match against instant financial valuations.
With markets becoming more turbulent, Finance and
Accounts rely on MineMarket to have full alignment of
accounting and physical stock, improving financial capabilities
and asset reconciliations.

Want to know more? Email sales@dataminesoftware.com to


learn how to help optimise your trading business.

Delivery Methods:
 Traditional License
 Hosted in Private Cloud
 Hosted in Public Cloud

Office Locations and Phone:


 Brisbane, Australia +61 7 3248 0000
 Johannesburg, South Africa +27 11 772 7960
 Montreal, Canada +1 (514) 695 0352
 Moscow, Russia +7 495 357 27 08
 Belo Horizonte, Brazil +55 31 3519 2300

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2021 CTRM SourceBook

Vendor: Datamine Product Name: MineMarket Version: 5.4.6


Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not applicable
at a client site capable of providing functionality providing that functionality
- for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates
Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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2021 CTRM SourceBook

EGSSIS – Butlers & Whizzkids


Korte Keppestraat 7
bus 32A
9320 Erembodegem, Belgium
Product:
Phone: 0032 24 56 17 10 egssPort Gas & Power
www.egssis.com

EGSSIS is a service provider for European Gas and Power Number of Licensed Client Companies: 55
markets. We aim to be the best you can get and our SaaS
Representative Clients: Wintershall DEA; Gasum; Essent;
platform offers the most comprehensive solution to help
Orsted; E.on; EDF Edison
operations & dispatching teams achieve operational
excellence!

EGSSIS are Butlers & Whizzkids; these ‘mascots’ of EGSSIS,


Timo the butler and Tim the Whizzkid, embody the key values we
want to see in our employees: serving our clients any time of the
day like a reliable butler, and offering smart solutions and insights
like a real whizzkid.

Since 2008 we offer SaaS solutions for market access &


communication, and gas & power operations such as nomination,
balancing, matching, etc. Our software solutions are
complemented by an experienced 24/7 operations desk that can
take over dispatching out-of-hours or 24/7.

In short EGSSIS offers companies a modern, robust, and open


SaaS platform that will stand the test of time and grow with your
company’s needs:

• easily integrated via APIs and webhooks with ETRM, Back-


office, forecasting, etc.
• reliable with 99%+ uptime and full redundancy
• highest IT security standards: ISAE3000 Type I certified
since 2020 and ISO27001 certified by Q4 2021
Based on feedback of our 55+ customers they choose us not only
for the innovative solutions, but also for our way of working:

1. Our 25+ years of experience & knowledge sharing to help


you optimize your portfolio
2. Openness to work with the customer to co-develop new
solutions and co-create features
3. The whole organization from operations to business analysis
Delivery Methods:
and IT development works in an agile way, allowing us to
quickly set-up and roll-out new grids  SaaS: Multi-tenanted
You can see for yourself what our customers are saying on our  Hosted in Private Cloud
YouTube Testimonials page:
Office Locations and Phone:
https://www.youtube.com/watch?v=oL3qiRxLZWg&list=PL76IA
WTvdxIXwxR-Tx7Aj09zLFepjOgS4  Kassel, Germany 0049 561 94 039 006
 Aalst, Belgium 0032 24 56 17 10
To summarize: EGSSIS keeps it simple. We want to serve you
with innovative IT solutions that will keep your gas & power
operations running flawlessly. Our Butlers & Whizzkids are
available 24/7 to help you across any bump in the road. We look
forward to learning how we can help your business thrive in the
European energy markets.

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2021 CTRM SourceBook

Vendor: EGSSIS - Butlers & Whizzkids Product Name: egssPort Gas & Power Version: 4.37.0
Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not applicable
at a client site capable of providing functionality providing that functionality
- for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates
Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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2021 CTRM SourceBook

Eka Software
101 Merritt 7
Suite 300
Norwalk, CT 06810
Product:
Phone: 203 810 4250 Eka CTRM
www.ekaplus.com

Eka Software Solutions is a leading global provider of Number of Licensed Client Companies: 115
innovative cloud-based solutions for helping clients overcome Representative Clients: Cargill; Rio Tinto; Enmax; Vale;
complex challenges in trading and risk, supply chain, E- Boliden; COFCO
Sourcing, Sustainability, and financial management. Built to
accelerate customer’s digital journey to the cloud, Eka’s
forward-thinking approach has been proven to help
companies efficiently and profitably meet the challenges of
complex and volatile markets with faster, data-powered
decision making and highly capable risk management.
Eka earned its global reputation on its Cloud Platform, which
helped over 100 clients worldwide to digitize mission critical
Trading & Risk and supply chain processes. Its cloud platform
is a unique solution that frees businesses across industries to
be more dynamic and efficient. It provides them with the
flexibility to meet specific business needs and adapt to new
challenges as they arise. Eka's cloud platform is designed to
maximize return on investment, as customers can select only
the applications required for their specific business needs.
The implementation time also sets new benchmarks in the
industry – taking just weeks instead of months or years to be
fully operational. Furthermore, Eka’s platform can be easily
expanded with additional applications as required, meaning it
can grow with the business and always be in line with
changing strategies or new innovations.
Riding the disruptive wave of digital momentum, throughout
2020 Eka continued to grow as it onboarded new customers
in commodity management who want to adopt cloud solutions
to stay ahead in the ever-volatile markets. Over the past
several months Eka successfully implemented complex
global, enterprise solutions for customers, helping these firms
accelerate their digital transformations across agriculture,
energy, CPG, and metals and mining businesses.
Following a strong start to the year, Eka is rapidly expanding Delivery Methods:
its cloud platform and harnessing its expertise in delivering  SaaS: Multi-tenanted
agile SaaS platforms to modernize crucial enterprise  Hosted in Private Cloud
functional areas with the roll-out of E-sourcing a sustainability  Hosted in Public Cloud
reporting solution and a new treasury product. The company
is also growing its global team to diversify into new functional Office Locations and Phone:
business areas, broader industries, and geographies.  Calgary, Canada 403 237 7740
The rapid enhancements and additions of new functional  Bangalore, India 91 80 4081 9200
capabilities reflects Eka’s client success and significant  Richmond, UK 44 1372 824776
investment in its Cloud Platform aimed at helping its  Singapore 65 9069 1552
customers to adopt new automated ways of working, better  Adelaide, Australia 618 8444 5900
connectivity across the supply chain, more streamlined
connectivity across vendor and supplier networks, and
utilization of agile systems.

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2021 CTRM SourceBook

Vendor: Eka Software Product Name: Eka CTRM Version: 10


Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not applicable
at a client site capable of providing functionality providing that functionality
- for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates
Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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Enegen Power Systems


Suite 2, Pure Offices
Port Way, Port Solent
Portsmouth PO6 4TY, England
Product:
Phone: +44 02 394 317620 ATOM & Genstar4
https://enegen.co.uk/

Enegen Power Systems is a leading U.K. based provider of Number of Licensed Client Companies: 16
scheduling, wholesale and Balancing Mechanism dispatch and
Representative Clients: SSE; Drax Power; VPI; Intergen;
commercial optimisation software that works seamlessly with its
adaptive portal platform to provide a complete optimisation, dispatch
Erotricity; Exelon
and reporting system for the energy sector. Together with its
ecosystem of partners, Enegen is uniquely positioned to deliver a
turnkey solution for anyone looking to enter the UK electricity market.
Commercial optimisation, trading, trade management (ETRM), risk
reporting, scheduling, dispatch, asset control, Elexon settlements and
asset/third party asset reporting, all come together in Enegen’s
software to provide one joint solution.
ATOM
The dramatic evolution of the decentralised electricity generation
market continues to present new opportunities and challenges for
participants. Opportunities exist for asset operators, generators and
aggregators of portfolios of production and consumption assets to
trade power availability on the EPEX day ahead and intraday
exchanges and participate in the balancing mechanism market. With
the move towards smaller, geographically dispersed, distribution
connected assets, the scheduling of trades across a large portfolio of
assets of various technology types becomes ever more complex and
challenging whilst delivering opportunities for further trading.
ATOM is a powerful software solution that addresses the challenges
of trade optimisation and asset scheduling and is available as a cloud
solution, on-premise or hosted by Enegen Power Systems.
ATOM tracks market prices and asset running costs to deliver a real
time period or EFA block display of buy and sell trading opportunities
on the day ahead and intraday exchanges supporting automatic
submission of offers to EPEX and cross trading of profitable
opportunities.
ATOM provides the flexibility to enable traders to organise and group
their asset portfolios as required including trading books, customer
groups, GSP groups, BMUs and the assets themselves.
ATOM supports the creation and maintenance of asset properties,
characteristics and scheduling rules and the import or calculation of
the asset’s short run marginal costs. Delivery Methods:
ATOM provides real time displays of availability and scheduled
 Traditional License
position at any level. It allows offers to be submitted to EPEX and the  Hosted in Private Cloud
Balancing Mechanism and supports algorithmic scheduling of traded
position and orders across assets based on scheduling and market
rules. Office Locations and Phone:
Genstar4  Portsmouth, England +44 02 394 317620
Entering the UK Balancing Mechanism typically requires accredited
and approved software. Genstar4 has been supporting organisations
with their UK Balancing Mechanism entry and participation for over
twenty years and is now the preferred system by 40% of the UK power
generation market. Genstar4 helps traders balance their portfolios
and generators, aggregators, VLPs and asset operators to participate
in the balancing mechanism and interact with National Grid ESO via
EDT, EDL or Wider Access as well as reconcile industry Settlement
disputes, manage credit position and provide ECVN submissions.

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2021 CTRM SourceBook

Vendor: Enegen Power Systems Product Name: ATOM & Genstar4 Version: V2 & V4
Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not applicable
at a client site capable of providing functionality providing that functionality
- for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates
Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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Energy One Limited


L13, 77 Pacific Highway
North Sydney
NSW 2060 Australia
Product:
Phone: +61 2 8916 2200 Energy One
www.energyone.com Wholesale Suite

Energy One Limited is a supplier of software products and Number of Licensed Client Companies: 70
services to wholesale energy, environmental and carbon Representative Clients: AGL; EnergyAustralia; Alinta
trading markets.

Listed on the Australian Stock Exchange since 2007, but with


more than 15 years of market experience, the Energy One
Group of Companies has a track record of providing practical
solutions to Australasian and European companies operating
in the wholesale energy marketplace.

The Australaisan business (trading as Energy One Limited)


provides a product suite and services for the trading and
facilitation of wholesale energy (such as gas and electricity),
energy commodities and energy derivatives. This includes
functionality for market analytics, the capture and settlement
of contracts for hedging, trading and risk management
purposes as well as a large array of wholesale operations
needs such as scheduling, balancing, trading and
nominations of electricity (power), gas, pipeline logistics and
environmental compliance management.

The Company's suite of solutions is made available via SaaS


and private cloud and the technology is utilised to trade
approximately 50% of Australia's national energy market by
energy generators, retailers, gas producers, gas shippers,
large scale energy users and energy traders to manage their
entire wholesale trading portfolio, across multiple markets and
geographies. Delivery Methods:

The Energy One group also incorporates Contigo Software  SaaS: Multi-tenanted
 Hosted in Private Cloud
Limited; a leading, UK-based ETRM (energy trading and risk  Hosted in Public Cloud
management) software provider to UK and EU energy  On Premises

companies. In 2020 the Group was joined by eZ-nergy, a Office Locations and Phone:
leading supplier of trading and scheduling capability to the  Melbourne, Australia +61 2 8916 2200
European market.  Brisbane, Australia +61 2 8916 2200
 Adelaide, Australia +61 2 8916 2200
The Energy One Group now has more than 200+ customer
installations in 15 countries and is a leading independent
global supplier of wholesale energy trading software solutions

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2021 CTRM SourceBook

Vendor: Energy One Limited Product Name: Energy One Wholesale Suite Version: NA
Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not
at a client site capable of providing functionality providing that functionality
- applicable for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates

Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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ENUIT LLC
1001 Texas Avenue
Suite 800
Houston, TX 77002 USA
Product:
Phone: +1 281 456 3690 ENTRADE®
www.enuit.com

Enuit is an award-winning provider of enterprise risk management (ETRM Number of Licensed Client Companies: 41
/ CTRM and CM) solutions for energy and commodities trading companies
worldwide supporting every commodity, every feature, and every user in Representative Clients: Mitsubishi; Mitsui; CNOOC;
one place on one platform.
UET; Texla; Biourja
Founded in 2008, ENUIT is driven by a single aspiration: To bring to
market affordable, highly functional, commodity trading management
software. ENUIT has realized its vision in its flagship product, called
ENTRADE®, which tracks transactions through the entire transaction life
cycle: From done deal through sent bill.
Whether trading natural gas, NGLs, LNG, crude oil, Refined Products,
Various Metals, Concentrates, Coal, or any other commodity, Enuit's
award winning solution ENTRADE® has features and functions to improve
every aspect of trade management activity for each commodity type.
ENTRADE® has an advanced analytical pricing engine to decompose
embedded risks in even the most complicated price formulas imaginable.
And, it correctly calculates settlement values for priced-in deals.
So, whether a business trades physical or financial commodities,
purchases or sales, buy-sells or exchanges, ENTRADE® will correctly
report risk exposures and generate both estimated and final invoiceable
settlements.
ENTRADE® has all the functions needed to run a commodity trading
business. It helps with:
• Negotiating and recording deals
• Scheduling physical commodity movements
• Tracking primary and secondary costs
• Monitoring inventory levels and costs
• Actualizing deal volumes
• Valuation of deals
• Calculating settlement amounts
• Generating invoices
• Monitoring all business- and market-related risks
• Providing useful reports for all aspects of business
ENTRADE® also has enhanced features to manage the logistics of
physical trading, tracking all primary and secondary costs and fees from
the point of original purchase through various stationery and in-transit
inventories all the way to the point of delivery.
It doesn’t matter how product moves from one point to another, whether
by Truck, Rail, Pipeline, Barge, or Vessel. ENTRADE®’s scheduling
functions and reports accumulate the primary and secondary, estimated
and actual costs, and estimated and actual volumes as product moves
downstream through the supply chain.
ENTRADE® has reporting capabilities unparalleled by any other vendor
of similar software. It is delivered with many standard reports out-of-the-
box. No customization or expensive setup is required to generate
comprehensive reports which will allows full management of business
operations. Delivery Methods:
Some of the reports that come out-of-the-box are:
• Volumetric positions  Traditional License
• PNL  SaaS: Multi-Tenanted
• Inventories
• Storage, in-transit, exchanges, processing  Hosted in Private Cloud
• Estimated and Actual volumes and costs  Hosted in Public Cloud
• Movement documents
• Deal confirmation letters and Contracts
• Payables and Receivables Office Locations and Phone:
• Market Risk Exposure
• Mark to Market Calculations  London +44 7870 264 876
• Option Pricing Model Results
• Value at Risk: Historical, Monte Carlo and Delta-Gamma
 Beijing +86 189 1020 3018
ENTRADE® also has best-in-class ad-hoc reporting capabilities which  Singapore +65 6970 9635
can turn any SQL statement into Excel-like pivot reports in minutes.  Tokyo +81 3 5533 8682
Enuit provides its customers with ENTRADE®’s data model so that they  India +91 99860 88650
know where their data is stored.
It is just another important benefit of being an ENUIT client, a point not
usually considered in the ETRM CTRM vendor selection process.
Enuit sees its clients as business partners. They succeed when their
clients are successful.

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2021 CTRM SourceBook

Vendor: ENUIT LLC Product Name: ENTRADE® Version: 7


Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not applicable
at a client site capable of providing functionality providing that functionality
- for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates
Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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2021 CTRM SourceBook

Advertisement

Copyright 2021 Commodity Technology Advisory llc 66 | P a g e


2021 CTRM SourceBook

Eximware, Inc.
2777 Summer Street
Stamford, CT 06905
Product:
Phone: +1 203 890 9357 Partner XM
www.eximware.com

Eximware, Inc. is a northeast, USA-based Commodity Number of Licensed Client Companies: “many dozens”
Management Software company. Founded in 2000, Representative Clients: Information not provided
Eximware is a pioneer with the very first subscription-based
Cloud CTRM platform. For over 21 years, Eximware has
been serving global commodity entities and participants in
export, trading and importing and final processing.

Eximware’s solutions are positioned as, domain-specific, bolt


on complements to a corporate accounting or ERP systems
with which the company integrates. The Company offers two
core platforms which can be deployed independently or
integrated. XM Marketplace (before the trade) is a Source-
to-Procure platform which streamlines the
price/product/volume discovery process for high volume
agricultural and food processor. Partner XM (after the trade)
is a back-office system that can be configured as a traditional
Trading Platform for Importers and Traders or as a Procure-
to-Consume Platform for Final processors.

Eximware’s product are multi-commodity, and the company is


particularly strong in the agricultural commodity space, coffee
in particular. Industry standard workflows are included in the
company’s core solutions. Core features include: Contract
Management; Logistics/Traffic; Title Documents;
Futures/Options; Quality Control and Sampling; and much
more.

Eximware’s intended market positioning is a sophisticated, Delivery Methods:


scalable platform at an affordable price point. In addition, as  SaaS: Multi-Tenanted
a Cloud provider from day one, Eximware’s platforms are
Office Locations and Phone:
highly scalable for small, mid-sized and large entities
 Stamford, CT +1 203 890 9357
engaged in the commodity trade value chain.

The company products are proven and the company


considers customer service and support as important to
properly serve very demanding global clients. Please learn
more at www.eximware.com or email info@eximware.com.

Copyright 2021 Commodity Technology Advisory llc 67 | P a g e


2021 CTRM SourceBook

Vendor: Eximware, Inc.. Product Name: Partner XM Version: 4


Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not applicable
at a client site capable of providing functionality providing that functionality
- for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates
Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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Eximware, Inc.
2777 Summer Street
Stamford, CT 06905
Product:
Phone: +1 203 890 9357 XM Marketplace
www.eximware.com

Eximware, Inc. is a northeast, USA-based Commodity Number of Licensed Client Companies: “many dozens”
Management Software company. Founded in 2000, Representative Clients: Information not provided
Eximware is a pioneer with the very first subscription-based
Cloud CTRM platform. For over 21 years, Eximware has
been serving global commodity entities and participants in
export, trading and importing and final processing.

Eximware’s solutions are positioned as, domain-specific, bolt


on complements to a corporate accounting or ERP systems
with which the company integrates. The Company offers two
core platforms which can be deployed independently or
integrated. XM Marketplace (before the trade) is a Source-
to-Procure platform which streamlines the
price/product/volume discovery process for high volume
agricultural and food processor. Partner XM (after the trade)
is a back-office system that can be configured as a traditional
Trading Platform for Importers and Traders or as a Procure-
to-Consume Platform for Final processors.

Eximware’s product are multi-commodity, and the company is


particularly strong in the agricultural commodity space, coffee
in particular. Industry standard workflows are included in the
company’s core solutions. Core features include: Contract
Management; Logistics/Traffic; Title Documents;
Futures/Options; Quality Control and Sampling; and much
more.

Eximware’s intended market positioning is a sophisticated, Delivery Methods:


scalable platform at an affordable price point. In addition, as  SaaS: Multi-Tenanted
a Cloud provider from day one, Eximware’s platforms are
Office Locations and Phone:
highly scalable for small, mid-sized and large entities
 Stamford, CT +1 203 890 9357
engaged in the commodity trade value chain.

The company products are proven and the company


considers customer service and support as important to
properly serve very demanding global clients. Please learn
more at www.eximware.com or email info@eximware.com.

Copyright 2021 Commodity Technology Advisory llc 70 | P a g e


2021 CTRM SourceBook

Vendor: Eximware, Inc. Product Name: XM Marketplace Version: 3


Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not applicable
at a client site capable of providing functionality providing that functionality
- for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates
Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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2021 CTRM SourceBook

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2021 CTRM SourceBook

eZ-nergy
24 rue de l’Est
45020 Paris France
Product:
Phone: 0033 1 84 17 85 49 eZ-Ops
www.ez-nergy.com

eZ-nergy offers solutions to make energy trading easy. Number of Licensed Client Companies: 60
European energy markets participants use eZ-Ops solution Representative Clients: Total Gas& Power; MFT Energy;
and our 24/7 service layer to handle fully automated day- Enercity AG; Swissgrid; In Commodities; ENI Gas & Power
ahead and intraday operations. eZ-nergy is now part of
Energy One Ltd group with its sister company Contigo
Software.

eZ-Ops

eZ-Ops is a web solution offered as a service (SAAS). No


hardware required.

Key functionalities are:

• physical position management

• nomination and scheduling for power and gas


European operators (TSOs, VTPs, SSOs)

• day-ahead automated trading (EPEXSpot, NordPool)

• algorithmic intraday trading (EPEXSpot, NordPool)

• power production assets scheduling

• REMIT reporting (via eZ-nergy RRM entity)

Hosting and maintenance are provided by eZ-nergy. Every


modification implemented by operators (TSOs, VTPs, SSOs,
Exchanges) are handled by eZ-nergy. Market participants
focus on their strategy, not on the communications or IT tools.

eZ-nergy also offers a full REST API that enables


straightforward and full integration of position management,
nomination and scheduling, automated and algorithmic Delivery Methods:
trading with any third-party tools.  SaaS: Multi-Tenanted
eZ-Ops offers high availability, redundant and secured
Office Locations and Phone:
infrastructure
 Paris France 0033 1 84 17 85 49
24/7 energy trading service

As additional service, eZ-nergy trading and scheduling team


acts 24/7 on behalf of customers as a neutral and
independent entity. Operation periods are flexible (214/7, out
of office hours, weekends…). eZ-nergy team balances
portfolios on energy markets (OTC, exchanges), handles
nomination and matching processes and dispatches power
production and demand responses assets on behalf of
customers.

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2021 CTRM SourceBook

Vendor: eZ-nergy Product Name: eZ-Ops Version: 3


Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not applicable
at a client site capable of providing functionality providing that functionality
- for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates
Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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Fendahl Technology
Fendahl International DWC LLC
Dubai World Central
Dugai, UAE
Product:
Phone: +44 (0) 203 503 0580 Fusion CTRM
www.fendahl.com

Fendahl is a specialist provider of CTRM (commodity trading Number of Licensed Client Companies: 49
& risk management) software solutions to commodity trading
organizations. A rapidly growing global software company we Representative Clients: BAPCO; Bluequest Resources;

have a dedicated team of over 150 staff with offices in the BW LPG; South 32; Largo Resources; Seaboard Corporation

Americas, Asia, and EMEA, serving an ever-growing global


client base across multiple commodity segments. Fendahl
offices are located in the London, UK; Houston, USA; Dubai,
UAE and Nagpur, India.

Fendahl’s Fusion CTRM solution is leading the next


generation of CTRM solutions, setting new standards for;
ease of use, flexible functionality, end user performance,
scalability, reliability, and provides the lowest cost of
ownership in the industry.

The Fusion solution is designed to be an enterprise solution


covering needs of front, middle, and back office. Fusion
supports the entire lifecycle of a financial or physical
commodity transaction, from deal execution through to cash
settlement.

Fusion is the only CTRM solution that delivers; CTRM


functionality, market data management, and advanced
business intelligence functionality within a single integrated
modular software platform. Fusion’s advanced workflow
manager, document controller, risk management tools, credit
controller and reporting tools all combine to allow you to
automate more business processes, keep an eye on
secondary costs, see P&L in real time and much more.

Fendahl offers customers flexible deployment and licencing Delivery Methods:

options. Fusion CTRM can be deployed on the cloud, as a  Traditional License


 SaaS: Multi-tenanted
hosted solution or as a traditional in-house solution. Fusion’s  Hosted in Private Cloud
flexible design and modern build techniques allows for rapid  Hosted in Public Cloud

deployment and single roll-out upgrades. Fendahl offers two Office Locations and Phone:
licencing models perpetual licencing and SaaS licencing  Dubai, Headquarters
depending on the customers’ requirements.  United Kingdom
 United States
Our customers produce, refine, market, ship and trade
 Singapore
globally. They rely on Fendahl’s expertise in these key  Nagpur, India
physical and financial markets: Oil, Gas, Petrochemicals,
Metals and Mining, Coal, Road & Marine Fuels, Biofuels, and
Agriculture/Softs.
Copyright 2021 Commodity Technology Advisory llc 76 | P a g e
2021 CTRM SourceBook

Vendor: Fendahl Technology Product Name: Fusion CTRM Version: N/A


Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not applicable
at a client site capable of providing functionality providing that functionality
- for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates

Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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2021 CTRM SourceBook

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2021 CTRM SourceBook

FIS
Headquarters: Jacksonville, Florida Product:
FIS Energy Trading, Risk and Logistics
Platform (former Aligne)
Phone: +1 877 776 3706
www.fisglobal.com

FIS is a global leader in technology, solutions and services for Number of Licensed Client Companies: Approx. 80
merchants, banks and capital markets that helps businesses and
communities thrive by advancing commerce and the financial world.
For over 50 years, FIS has continued to drive growth for clients
Representative Clients: Avangrid Renewables; Eneco;
around the world by creating tomorrow’s technology, solutions and EDF UK; EDF Lumius; MVV; ENOVOS
services to modernize today’s businesses and customer experiences.
By connecting merchants, banks and capital markets, energy and
commodity markets we use our scale, apply our deep expertise and
data-driven insights, innovate with purpose to solve for our clients’
future, and deliver experiences that are more simple, seamless and
secure to advance the way the world pays, banks, trade and invests.
Key areas of growth include digital, data analytics, and cybersecurity,
modernization and innovation strategy.
FIS strategy is guided by modern design principles of client-centric,
platform-oriented, and continuous improvement drive the way we
develop solutions, enable, and deploy technology, and ultimately,
support our clients. Creating open APIs and component-based
solutions allows FIS to build capabilities once and leverage across
many solutions – including both FIS and third-party technology –
which drives speed-to-market for clients and allows them to take
advantage of the most modern solutions and tools at any time. FIS is
focused on delivering cloud-native solutions, that are secure,
scalable, and available on-demand and driving rapid and seamless
integration across solutions, unifying user interfaces and client
experiences, deepening end-to-end processing and modernizing
client support.
FIS’ growth strategy for the Energy & Commodities solutions include
3 main parts. (I) Solution vs. product approach: FIS tailors solutions,
depending on the segment and the relevant business processes of
the client, with a set of best-in-class FIS products, (II) FIS is covering
every need around energy and commodities trading: we support an
extended deal lifecycle starting from market data and pre-trade
analytics to the entire trading value chain (front-to-back) up to the
logistics management for various commodities, as well as integrating
and providing financial systems such as treasury among others and
(III) FIS provides offerings tailored to client size, business model and
organizational structure: various licensing models (e.g. upfront, term,
subscriber, SaaS) as well as different deployment options (e.g. on-
premise, public and private cloud). We also offer BPO/BPaaS to
optimize the TCO for our clients.
FIS Energy Trading, Risk and Logistics Platform (former Aligne) is
highly configurable, flexible and modular multi-commodity solution
that integrates physical and financial trading, risk and operational Delivery Methods:
control with credit, fuels procurement, power and gas logistics,
 Traditional License
emissions, back office, treasury and finance and advanced analytics.
It is the flagship product for Energy businesses.  Hosted in Private Cloud
 Hosted in Public Cloud
Key Features:
 Hybrid Cloud (public cloud with FIS security and
− Enable trading for energy commodities, weather, emissions, automation layer)
heat, freight, metals, FX and derivatives
− Meet current and future regulatory requirements, such as
Office Locations and Phone:
those imposed by Dodd-Frank and related European* actions
(requires an ad-on XDM module)  Houston TX, USA
− Perform straight-through processing from deal capture to risk
 Pune, India
management and back office
− Manage A/R, A/P and all economic aspects of a deal including  Belgrade, Serbia
brokerage/third-party fees  Frankfurt, Germany
− Support power, gas, LNG and coal logistics  London, UK

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2021 CTRM SourceBook

FIS Energy Trading, Risk and Logistics


Vendor: FIS Product Name: Platform (former Aligne) Version: 2021.2
Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not applicable
at a client site capable of providing functionality providing that functionality
- for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates
Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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FIS
1 New York Plaza
New York, NY Product:
Kiodex Risk Workbench, Kiodex Real Time
Phone: +1 646 445 1000
www.fisglobal.com

FIS is a global leader in technology, solutions and services for Number of Licensed Client Companies: Approx. 90
merchants, banks and capital markets that helps businesses and
communities thrive by advancing commerce and the financial world. Representative Clients: Information not provided
For over 50 years, FIS has continued to drive growth for clients
around the world by creating tomorrow’s technology, solutions and
services to modernize today’s businesses and customer experiences.
By connecting merchants, banks and capital markets, energy and
commodity markets we use our scale, apply our deep expertise and
data-driven insights, innovate with purpose to solve for our clients’
future, and deliver experiences that are more simple, seamless and
secure to advance the way the world pays, banks, trade and invests.
Key areas of growth include digital, data analytics, and cybersecurity,
modernization and innovation strategy.
FIS strategy is guided by modern design principles of client-centric,
platform-oriented, and continuous improvement drive the way we
develop solutions, enable, and deploy technology, and ultimately,
support our clients. Creating open APIs and component-based
solutions allows FIS to build capabilities once and leverage across
many solutions – including both FIS and third-party technology –
which drives speed-to-market for clients and allows them to take
advantage of the most modern solutions and tools at any time. FIS is
focused on delivering cloud-native solutions, that are secure,
scalable, and available on-demand and driving rapid and seamless
integration across solutions, unifying user interfaces and client
experiences, deepening end-to-end processing and modernizing
client support.
FIS’ growth strategy for the Energy & Commodities solutions include
3 main parts. (I) Solution vs. product approach: FIS tailors solutions,
depending on the segment and the relevant business processes of
the client, with a set of best-in-class FIS products, (II) FIS is covering
every need around energy and commodities trading: we support an
extended deal lifecycle starting from market data and pre-trade
analytics to the entire trading value chain (front-to-back) up to the
logistics management for various commodities, as well as integrating
and providing financial systems such as treasury among others and
(III) FIS provides offerings tailored to client size, business model and
organizational structure: various licensing models (e.g. upfront, term,
subscriber, SaaS) as well as different deployment options (e.g. on-
premise, public and private cloud). We also offer BPO/BPaaS to
optimize the TCO for our clients. Delivery Methods:
Kiodex is a multi-commodity, multi-currency trading, risk  SaaS: Multi-tenanted
management and compliance management system deployed as a
multi-tenant, SaaS depolyed solution. It is a complete solution that Office Locations and Phone:
provides: real time trade capture; fully integrated market data; fully
configurable suite of reports; fully integrated, commodity specific  London, UK +44 (0) 208 081 2000
pricing models; and fully integrated hedge accounting functionality. In  Singapore +65 6308 8000
addition, the solution offers real time position keeping, account
 Houston TX, USA
valuation, P&L, and initial margin calculations, and provides
compliance based alerts on those metrics, such as exchange or  Pune, India
MIFID position limits.  Belgrade, Serbia
Institutions are using Kiodex in use cases including, but not limited to:
Tracking hedge coverage of forecast consumption of physical raw
materials, and hedge performance; monitoring trading desk P&L, and
counterparty credit exposure; and ensuring firms remain compliant
with commodity trading regulations.

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2021 CTRM SourceBook

Vendor: FIS Product Name: Kiodex Risk Workbench, Kiodex Real Time Version: 2021 Q3-1
Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not
at a client site capable of providing functionality providing that functionality
- applicable for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates

Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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FIS
Headquarters: Jacksonville, Florida Product:
FIS Energy Portfolio Manager
Phone: +1 877 776 3706 (former XDM)
www.fisglobal.com

FIS is a global leader in technology, solutions and services for Number of Licensed Client Companies: 13
merchants, banks and capital markets that helps businesses and
communities thrive by advancing commerce and the financial world.
Representative Clients: Gasterra; OpenEP; GULF
For over 50 years, FIS has continued to drive growth for clients
around the world by creating tomorrow’s technology, solutions and
services to modernize today’s businesses and customer experiences.
By connecting merchants, banks and capital markets, energy and
commodity markets we use our scale, apply our deep expertise and
data-driven insights, innovate with purpose to solve for our clients’
future, and deliver experiences that are more simple, seamless and
secure to advance the way the world pays, banks, trade and invests.
Key areas of growth include digital, data analytics, and cybersecurity,
modernization and innovation strategy.
FIS strategy is guided by modern design principles of client-centric,
platform-oriented, and continuous improvement drive the way we
develop solutions, enable, and deploy technology, and ultimately,
support our clients. Creating open APIs and component-based
solutions allows FIS to build capabilities once and leverage across
many solutions – including both FIS and third-party technology –
which drives speed-to-market for clients and allows them to take
advantage of the most modern solutions and tools at any time. FIS is
focused on delivering cloud-native solutions, that are secure,
scalable, and available on-demand and driving rapid and seamless
integration across solutions, unifying user interfaces and client
experiences, deepening end-to-end processing and modernizing
client support.
FIS’ growth strategy for the Energy & Commodities solutions includes
3 main parts. (I) Solution vs. product approach: FIS tailors solutions,
depending on the segment and the relevant business processes of
the client, with a set of best-in-class FIS products, (II) FIS is covering
every need around energy and commodities trading: we support an
extended deal lifecycle starting from market data and pre-trade
analytics to the entire trading value chain (front-to-back) up to the
logistics management for various commodities, as well as integrating
and providing financial systems such as treasury among others and
(III) FIS provides offerings tailored to client size, business model and
organizational structure: various licensing models (e.g. upfront, term,
subscriber, SaaS) as well as different deployment options (e.g. on-
premise, public and private cloud). We also offer BPO/BPaaS to
optimize the TCO for our clients.
FIS Energy Portfolio Manager (former XDM) - very flexible product for
energy portfolio management for mid and small companies with
strong focus on physical portfolio management, optimiazion as well Delivery Methods:
as scheduling of gas and power for European markets. The system
covers portfolio management for power, gas and emissions including  Traditional License
scheduling for power and gas, while providing a stand-alone  SaaS: Multi-tenanted
compliance solution for EMIR and REMIT. XDM provides stand alone
 Hosted in Private Cloud
or integrated modules for forecasting and optimization. Since 2020
FIS is offering a standardized version of XDM as SaaS, which is  Hosted in Public Cloud
multitenent cloud-based solution including basic functionalities with  Hybrid cloud (public cloud with FIS security and
possibilities to extend the scope. The offer includes hosting, automation layer)
infrastructure and application managed services, upgrade service,
business support and initial set up and trainings. Customers can start Office Locations and Phone:
using standard functionality in 2 weeks and have possibilities to
extend the standards going forward.  Milan, Italy
Key Features:  Pune, India
- Gain insights and enhance portfolio analysis with technology that
 London, UK
centralizes weather, economics, calendar, and more with
optimization, balancing, and scheduling
- Customize and execute more meaningful planning strategies with
scenario-based analysis technology that leverages transactional data
such as contracts, allocations, transport capacities and price
quotations
- More easily execute complex price structuring policies and automate
the communication of the resulting prices to stakeholders
Delivery Methods – Traditional License, Hosted in Private or public
Cloud, SaaS

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2021 CTRM SourceBook

Vendor: FIS Product Name: FIS Energy Portfolio Manager (former XDM) Version: 2021.1
Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not
at a client site capable of providing functionality providing that functionality
- applicable for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates

Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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2021 CTRM SourceBook

Gen10
11 Backford Road
Irby
England CH61 2XH
Product:
Phone: +44 151 709 0005 CommOS
www.gen10.net

Gen10 make the day-to-day tasks of commodity trading faster Number of Licensed Client Companies: Information not
and simpler through automation and collaboration. Their provided
technology empowers clients to Work Better. Together – Representative Clients: Sinochem/Halcyon Agri; Concord
completing the feedback loop between trading, operations, Resources; Cedar Holdings/Integra Petrochemicals; Euro
finance and risk to support smarter, safer trading decisions. Alloys; RCMA Commodities; Simko
Gen10’s cloud-first ecosystem of platforms and supporting
apps can be accessed from anywhere on any device and
provides complete commodity management, with enhanced
operational risk controls and greater support for logistics and
operations. Powerful workflow and pricing engines automate
many of the manual, time-intensive commodity management
processes. These automated workflows improve data flows,
control and governance, driving safe efficiencies and visibility
across your business for confident data-driven decision-
making.
Gen10’s CTRM platform, CommOS includes end–to–end
transaction processing and analytics, covering everything
from fast trade capture, origination, PnL, and sample
management through export, trading, import, distribution, to
final settlement and risk management, all navigated from a
clean, user-configurable, mobile-responsive dashboard. It
handles in excess of 100 different commodities on a single
plafform including all the workflows and pricing/premium
formalae to be able to value and understand your exposure
and PnL in real-time.
Comm.OS uses multi-factor authentication and single sign-on
with secure 2-way API connections to integrate with your
other systems such as insurance, finance and ERP systems,
as well as other Gen10 apps. Tailor Commodity.Manager to
your specific processes and accelerate your digital
transformation by connecting the technologies that work best
for each of your teams.
Cloud technology and the ecosystem model allow for rapid
implementations in a space of weeks, inherent agility and a
platform for accelerated innovation as the business grows and Delivery Methods:
technologies advance.  Traditional License
Gen10 believe in making innovative, high value and flexible  SaaS: Multi-tenanted
 Hosted in Private Cloud
commodity management solutions. The UK-based
 Hosted in Public Cloud
development and support teams work in collaboration with  Hybrid Cloud/On Premise
clients to build up a real understanding of the challenges they
face; delivering technology that drives value from their Office Locations and Phone:
massive data flows and transforms their operations.  Dallas, TX USA
Manage risk, margins and drive additional value from your  Rondonopolis, MT, Brazil +55 66 996 996 996
data flows and transform your operations with Gen10 as your
technology partner.

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2021 CTRM SourceBook

Vendor: Gen10 Product Name: CommOS Version: 5.6


Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not applicable
at a client site capable of providing functionality providing that functionality
- for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates
Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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Hitachi ABB Power Grids


400 Perimeter Center Terrace
Suite 500 Product:
Atlanta, Georgia USA 30346
Phone: +31 6 832 09404 TRMTracker
https://www.hitachiabb-powergrids.com

In late 2020, Hitachi ABB Power Grids acquired Pioneer Number of Licensed Client Companies: Information not
Solutions, a provider of industry-leading front-to-back office provided
Commodities/Energy Trading and Risk Management
Representative Clients: Xcel Energy; PNM; Consumers
(C/ETRM) solutions. This expansion gives Power Grids’
Energy; Essent; RWE; ACT Commodities
Energy Portfolio Management business the most
comprehensive offering in the market that delivers solutions
to manage both trading and risk as well as physical and
operational analytics required to operate in an environment
with greater emphasis on renewable energy.

Specifically, the Energy Portfolio Management group has four


integrated offerings:

1. Market intelligence services


2. Energy consultants who provide market advisory
services
3. Market analytics software
4. Commercial energy operations software
− Short-term to Real-time generation unit and
commitment schedules.
− Mid-term to long-term planning and risk
management.
− Market communication and settlement.
− Trading and Risk Management
− Portfolio Reporting and Analysis
Hitachi ABB Power Grids' innovative and flexible solutions
have been organically built for rapid implementation and
superior services at an overall lower cost of ownership. The
suite of C/ETRM solutions are based on the web-based
FARRMS platform and offer comprehensive front, middle, and
back office process management for both physical and
financial trades of all asset classes and commodity types.
Developed from the back to the front, resulting in industry-
leading data processing and reporting capability, the modern
Delivery Methods:
easy-to-use applications deliver ready “out-of-the-box” or
tailored functionality designed for ease of implementation and  Traditional License
 SaaS: Multi-tenanted
integration with existing systems. With a user-configurable  Hosted in Private Cloud
environment for less reliance on vendor services, and with  Hosted in Public Cloud
deployment options including a cloud-based Software-as-a-
Service offering. Hitachi ABB Power Grids offers a fresh Office Locations and Phone:
alternative to legacy C/ETRM systems.  Broomfield, CO, USA
Per October 2021 Hitachi ABB Power Grids will be renamed  Rotterdam, Netherlands
 Dubai, UAE
to Hitachi Energy.
 Singapore
 Tokyo, Japan

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2021 CTRM SourceBook

Vendor: Hitachi ABB Power Grids Product Name: TRMTracker Version: 5


Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not applicable
at a client site capable of providing functionality providing that functionality
- for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates
Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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Hivedome Limited
Finance House, 20/21 Aviation Way
Southend-on-Sea
Essex SS2 6U, UK
Product:
Phone: +44 (0) 1702 433030 ITAS
www.hivedome.net

Hivedome’s Integrated Trading and Accounting Solution Number of Licensed Client Companies: 38
(ITAS) allows our clients to manage their contract Representative Clients: EDF Man Holdings; Englehart
administration, pricing, position, logistics, processing, risk, CTP; Enerfo Group; Sucden Americas Group; ASR Group;
accounting, and integration requirements throughout their Cargill Group
supply chain. Whether its full contract traceability from
origination to final retail execution, or a standalone brokerage
platform that is required, ITAS’s rich and versatile functionality
has a single point of data entry, with ITAS processes easily
aligned to meet key client business processes.
With a long established and proven global presence in
Agriculturals (Sugar, Coffee, Grains, Cotton, and Cocoa),
Liquid Products (Molasses and Oilseeds), Base Metals and
the Financials sectors, ITAS has over 3,000 concurrent users
ranging from small to large global commodity groups (500+
users).
Driven by an excellence gained over 35+ years in delivering
optimal Enterprise Solutions, ITAS’s multi-platform
accessibility offers full desktop, web and API functionality with
flexible subscription options. Hivedome's proven and
adaptable API-Workflow-Event Integration Model is used by
many of our larger clients to integrate ITAS contract, pricing,
logistics and financial data to an ERP or third-party systems
within their platforms. ITAS Services supports ITAS Core
functionality and includes such complementary services as
API REST data endpoints, data query/data modify services
and OData server capability. Our suite of open-source APIs’
include a Document Management API (full Database-backed
document storage) and OData Service API (data integration
for users).
The integrated nature and security of the ITAS functionality
and the underlying operational data require an on-premise or
third-party hosting deployment. To ensure the seamless
transition from legacy systems, Hivedome provides a full
range of system migration, adoption efficiencies and on-going Delivery Methods:
support services from its base in Essex, United Kingdom,  Traditional License
across a network of multi-lingual (Spanish, Portuguese)  Hosted in Private Cloud
analysts with local representatives in regional locations.
Backed by in-depth industry expertise, and excellent technical Office Locations and Phone:
capabilities, Hivedome’s strategy in enhancing client  Cluj, Romania 44(0) 1702 43303
stakeholder ITAS data access, encouraging client self-service  Madrid, Spain 44(0) 1702 43303
APIs, driving improvements in UI/UX and supporting our  Miami, Florida US 44(0) 1702 43303
clients’ initiatives within their platforms such as automation,
blockchain and AI/ML positions ITAS to remain a modern,
robust commodity management solution, fully adaptable to
the marketplace.

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2021 CTRM SourceBook

Vendor: Hivedome Limited Product Name: ITAS Version: 0


Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not applicable
at a client site capable of providing functionality providing that functionality
- for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates
Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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2021 CTRM SourceBook

Igloo Trading Solutions


The Frames
1 Phipp St
London UK EC2A 4PS
Product:
Phone: +44 020 3488 3516 Igloo Cloud ETRM
www.igloostradingsolutions.com

Igloo - Intelligent energy trading from energy trading experts Number of Licensed Client Companies: 11
With substantial experience in trading and technology at some of Representative Clients: Bonroy Petchem; Nanook Energy
Europe’s largest energy trading organisations, the team behind Igloo
have developed Igloo with the conviction that ETRM can be done
Advisors; Ignitis; Conrad Energy; Together Energy; Falckon
simpler, better and more cost-effectively.
Designed and built for modern energy markets
Igloo is an energy trading and risk management (ETRM) platform
engineered to meet the needs of physical and financial traders
operating in today’s complex energy markets. It offers a wide range
of connectivity to exchanges, and market venues as standard
including ICE, CME, EPEX, EEX, NordPool, Trayport and TT as well
as clearers, intermediaries and FX brokers. Igloo also interfaces to
Elexon, enmacc, Equias back office services and multiple European
logistics providers to provide full STP capability.
Designed and built for the cloud
Igloo is built to scale, delivering the simplest ETRM solution through
to the most complex algorithmic trading on a single platform, and with
the capacity to handle exceptional levels of throughput.
The platform’s core architecture is designed to provide the reliability,
robustness and security you expect and need for a 24×7 trading
platform, with bespoke monitoring providing seamless failover and
alerting.
Unlike legacy solutions that have migrated and adapted existing
technology for the cloud, Igloo’s cloud-first architecture allows us to
deliver either single or multi-tenanted implementations to best fit each
customer profile.
Designed to deliver competitive advantage
Built specifically for trading energy in a way that reflects both the
market and trading practices as they are today, Igloo offers a host of
user benefits and competitive advantages.
Built-in Connectivity
With connectivity as standard to Trayport, TT, ICE, CME, EEX
Nordpool and EPEX, Igloo connects you seamlessly to exchanges,
trading platforms, auctions and client portals as standard. This
enables full STP with minimal set up. No additional costs. No costly
implementations.
Real Time Position P&L
Igloo provides real time price curves, position, option greeks and P&L
across physical and financial energy trading. It automatically builds Delivery Methods:
trading curves from price feeds for both liquid and illiquid energy
markets.  SaaS: Multi-tenanted
Real-time Risk Management
 Hosted in Public Cloud
 Other: SaaS: Single tenanted
Igloo provides pre-deal, real time, post deal and EOD risk
management (Historical VaR) and P&L, giving you full insight into,
and control over, your trading business. Risk management within day Office Locations and Phone:
and at close of business.  London UK +44 020 3488 3516
Automated Trading Processes
Igloo’s seamless STP capability means your trades are automatically
routed to Igloo from the exchange. Igloo then automates the
reconciliation process, including clearing margin and fees, direct
market access margin and fees, and brokers’ fees.
Intelligent Pricing
Igloo can create hourly or sub-hourly pricing for real time valuation
and official EOD risk management, for liquid and illiquid energy
markets.

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2021 CTRM SourceBook

Vendor: Igloo Trading Solutions Product Name: Igloo Cloud ETRM Version: N/A
Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not applicable
at a client site capable of providing functionality providing that functionality
- for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates
Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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2021 CTRM SourceBook

IGNITE CTRM, LLC


14785 Preston Rd
Suite 550
Dallas TX
Product:
Phone: +1 817 812 2928 IGNITE
www.ignite-etrm.com

IGNITE CTRM is a highly advanced, extremely intuitive, and Number of Licensed Client Companies: 10
easy-to-use, full-service commodity trading and risk Representative Clients: ElementAlpha; Northbay; 7Seas
management platform. BV; Alvari; Maddox SA; Unerco

Founded in 2011, IGNITE’s Commodity Trading and Risk


Management (CTRM) platform enables customers to
maximize net profits, while significantly minimizing risks
across globally distributed supply chains, where remotely
dispersed workforces, high price volatility and unpredictable
supply chain disruptions normally exist.
IGNITE’s advanced multi-commodity Software-as-a-Service
(SaaS) delivered, CTRM platform, gives our clients the
confidence to work with speed and efficiency across an
exceptionally secure, scalable, and reliable set of front,
middle and back-office tools that provide unparalleled
flexibility and effectiveness when confronting day-to-day
operational challenges. Such advanced features include:
• Cross-Commodity Coverage
• Full support for Physical and Financial trading
• Dynamic Pivot Reporting
• Real-time Visual Vessel Tracking
• Risk Management: Exposure Reporting, Value-at-Risk
(VaR), PNL Explained
• Advanced Straight-thru-Processing (STP) – “out-of-
the-box” connectivity to CME and ICE
• Accounting Interface APIs (both import and export)
• Innovative Logistics Module, featuring advanced visual
capabilities.
• Invoice Multi-Language Translation Support Delivery Methods:
• Multi-Factor Security (MFA) (external), paired with both  SaaS: Multi-tenanted
custom and predefined security roles (internal)
• Document Storage, Complete System Auditing, Office Locations and Phone:

Notifications and much, much more…  London, UK


IGNITE’s primary mission is to continue providing the most  Bangalore, India
 Geneva, Switzerland
digitally innovative and continually advancing trading, risk,
 Dnipro, Ukraine
logistics and accounting centric technologies available, and at
a fraction of the cost of competing CTRM vendors. IGNITE’s
rapid implementation times, robust “out-of-the-box”
functionality, flexible and intuitive reporting, no “plus-plus”
pricing, self-service tools, and award-winning support,
undoubtedly positions us as the “go-to” market vendor.
Please visit http://www.ignite-etrm.com to discover why
IGNITE is Fueling the Power to Trade ™.

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2021 CTRM SourceBook

Vendor: IGNITE CTRM, LLC Product Name: IGNITE Version: 8.2.2104.2


Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not applicable
at a client site capable of providing functionality providing that functionality
- for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates
Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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2021 CTRM SourceBook

Inatech – a Glencore Company


Inatech Ltd
3 Shortlands
Hammersmith, London, W6 8DA
Product:
Phone: +44 (0) 20 3609 8617 Techoil
www.inatech.com

Inatech is a global provider of cloud ETRM and fuel Number of Licensed Client Companies: 16
management software to the oil, bunkering and shipping Representative Clients: Information not Provided
industries.

Part of Glencore plc’s oil division, Inatech leverages


Glencore’s oil trading and supply chain management
expertise and combines it with its own in-depth industry
knowledge to create a range of cloud-based and innovative
software products.
One of Inatech’s flagship products is Techoil, a single
decision support Energy Trading and Risk Management
platform. It helps oil traders, suppliers, wholesalers and
distributors manage sales, PnL, risk, inventory, operations,
credit, cash flow and finance.

Techoil ETRM benefits include:

• One version of the truth – Have an integrated view of the


business functions from trading, operations to
accounting; ensuring confidence in the results leading to
better business insights and informed decisions.

• Risk mitigation tools - Set and monitor hedging strategies


using accurate inventory and trading positions of physical
and derivatives.

• Automatic reconciliation of trading, inventory and


accounting - Ensure accurate PnL, exposure, margins,
inventory position and allocation.
Delivery Methods:
• Strong controls and workflows - Ensure governance,
auditability and regulatory compliance facilitated by a  SaaS: Multi-tenanted
 Hosted in Private Cloud
monthly book closure process.  Hosted in Public Cloud
• Integration with 3rd party, market prices, ERP and
Office Locations and Phone:
proprietary systems - bring all information in one place,
 London, UK 44 20 3609 8617
Techoil ETRM.  Dubai, UAE 971 4375 8494
Inatech’s product expertise is matched by a comprehensive  Houston, USA 1 713 360 4888
 Singapore
range of support services provided from offices across the
 Chennai, India 91 44 4282 9000
world including the U.S, the U.K., the U.A.E., Singapore and
India. This global coverage means customers benefit from an
international delivery model that provides the competitive
edge needed to thrive in today’s dynamic markets.

For more information visit: www.techoil.com and


www.inatech.com.

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Vendor: Inatech - a Glencore company Product Name: Techoil Version: 2.1.2


Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not applicable
at a client site capable of providing functionality providing that functionality
- for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates
Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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INVENSOFT TECHNOLOGIES
PRIVATE LIMTED
232, 2nd Floor, 12th Main, 2nd Cross Product:
RBI Layout, J.P. Nagar 7th Phase Invensoft-XBS
Bangalore 560 078 India
Phone: +91 80 4166 8087
www.invensoftsoft.co.in

Invensoft Technologies is an IT Company providing Commodity Management Number of Licensed Client Companies: 32
Software Solutions for business in Agricultural Commodities, Metals, Minerals
and Concentrates. Since year 2000 Invensoft is supporting top global Representative Clients: Luis Dreyfus Commodities;
commodities companies including Fortune 500 companies in Asia, Africa and
Latin America covering India, Indonesia, Singapore, Malaysia, Vietnam, Kenya,
neuman Kaffe Gruppe; Agricom; ISTIM Metals; Integra
Tanzania, Uganda, Ivory Coast, USA, United Kingdom, Peru, Mexico, Trading; Sucden Coffee
Honduras and Colombia.
Invensoft-XBS© popularly called as XBS is a Unified Commodity Management
Platform offering Commodity Management (CM), 3rd Party Commodity
Warehousing & 3rd Party Logistics (CW3PL) and Commodity Trade Risk
Management (CTRM) covering End-to-End needs of Commodity Business.
XBS is an enterprise Web App with an integrated Mobile App called XBS Apps©
available on Apple iPhone, iPad, Android Mobile phone and Tablets, offers
users seamless operational, reporting experience with business controls on real
time. XBS offers intelligent bi-directional traceability which provides customers
information from sales to purchase including details of sustainability certificates
and farmers.
With built in origin specific features, template-based operations, multiple
language support, interface, integrations Invensoft-XBS© is the most flexible
and adopted solution globally. Available on the Cloud with subscription
options, XBS can go live in weeks at any commodity country with
heterogeneous business process, speaking multiple languages. With Zero IT
infrastructure cost, XBS Cloud is the most cost-effective business solution with
business controls and decision making abilities for the commodity managers.
Invensoft-XBS© CM provides extensive features with out of the box localization
for Commodity Origin Business, Procurement, Quality Management,
Processing, Warehousing, Certification, End-to-End Bi-Directional Traceability,
Sustainability Certification, Trading, Hedging, Risk Management, Positions,
Exposures, Daily P&L and reporting.
Invensoft-XBS© CW3PL provides innovative features for commodity 3rd party
warehousing, processing services and logistics business covering commodity
intake, quality management, warehousing, collateral management, processing,
packing, container stuffing and shipping. Innovative Customer Center module
enables customers, bankers to be a part of business process.
Invensoft-XBS© CTRM provides end to end features for commodity trade risk
management involving in Contract Management, Trade Management,
Warehousing, Traceability, Hedging, Risk Management, Positions, Exposures,
Daily P&L and reporting.
XBS APP© is an integrated Mobile App for a seamless commodity business
management on iPhone and Android devices. Users can access real time
information on inventory, position, intakes, shipments and approve purchases
and sales contracts on the go.
Invensoft introduced XBSCloud an End-To-End commodity management
solution on the cloud including Web Apps, Mobile App, with serviced and self- Delivery Methods:
serviced BI. XBSCloud is based on SaaS subscription and has no up-front
license fees resulting in lower initial and operating costs. Subscription fees and
 Traditional License
implementation are tailored to fit every business ranging from 5 user companies  SaaS: Multi-tenanted
to 500++ enterprises. Contact less and remote implementation enables go-live  Hosted in Private Cloud
in few weeks.  Hosted in Public Cloud
Our offering is Unified Architecture to fulfill Stand-alone Origin Implementations
to Multiple Origin based Global Enterprise implementation. Extremely flexible Office Locations and Phone:
design supports, Customer Specific Origin Customizations, Regional and
Global Rollup of Data. Seamless integration with Backend ERP systems,  Bangalore, India +91 80 4166 8087
Accounting System, Weigh Scale / Bridge is available.
For further details:
Email: mailto:sales@invensoft.co.in Website: www.invensoft.co.in Cloud:
www.xbscloud.com

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Vendor: INVENSOFT TECHNOLOGIES PRIVATE LIMITED Product Name: Invensoft-XBS Version: Version 9.0.2.3
Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not applicable
at a client site capable of providing functionality providing that functionality
- for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates
Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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Advertisement

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2021 CTRM SourceBook

ION Commodities
1345 Avenue of the Americas
49th Floor
New York, NY 10105
Product:
Phone: +1 212 906 0050 Agtech
https://iongroup.com/ion-commodities/

Agtech is best suited for end-to-end management of physical Number of Licensed Client Companies: “ION Commodities
commodities and designed specifically for agricultural merchandising has 30,000+ users; 1,200+ companies”
and feed manufacturing. This includes grains, sugar, cocoa, coffee,
cotton, pulses, oilseeds, nuts, and livestock. It has strong farm gate
Representative Clients: Information not provided
origination, processing capabilities and ERP features.
Around the world, companies that buy, sell, store, merchandise or
refine commodities rely on Agtech to provide complete control and
oversight over the entire product lifecycle, from procurement to
finishing. This single, complete view enables companies to improve
margins, achieve vast efficiencies and understand risk. Agtech covers
all industry and market requirements across the commodity lifecycle,
including risk management, financial accounting, manufacturing,
distribution, compliance, and user-security. In addition, the solution
facilitates trading, sales order processing and inventory, and position Information not provided
management.
The solution is comprehensive yet flexible, enabling users to easily
tailor transaction and market activity to specific product types. The
ability to manage a variety of contracts in one location ensures that
companies can better address volatility and the likelihood of supplier
default. Agtech seamlessly captures and integrates data from across
all functions, operations, and product modules to ensure that all
activity is accounted for in real-time. This single view enhances the
quality of reporting and measurement and ultimately enables faster
decision-making.
Deploying Agtech offers:
• Complete control and oversight of the entire product lifecycle
• Management of financial and physical commodities in a single
solution for the front-, middle-, and back-office
• An agricultural focused solution which seamlessly integrates Information not provided
data across all functions to enhance the quality of reporting and
enable faster decision-making
Agtech is a market-leading front-, middle-, and back-office agriculture
solution for businesses in need of ready-to-use features designed
specifically for agriculture with the following key capabilities:
• Contract management: Building on strengths in origination,
Agtech offers a complete solution that streamlines the bid and Delivery Methods:
offer process through its farmer facing Frontier web offering
• Operations and logistics: Advanced scheduling, ticketing, and  Traditional License
warehousing for origination and processing of commodities  Hosted in Private Cloud
• Financial management: Full derivative coverage for hedging
 Hosted in Public Cloud
and reporting of price risk exposure to futures and FX
Office Locations and Phone:
• Settlement management: Robust A/P, A/R and G/L capabilities
that streamline reporting, maximize accounting accuracy, and  London, UK +44 20 7398 0200
enable better business decisions  Singapore +65 6671 9730
The front-to-back solution deploys in the ION Cloud or on-premises.  Tokyo, Japan +81 3 4550 1000
Unlike other multi-commodity offerings, Agtech is specifically
 Sydney, Australia +61 2 8239 8300
designed for agriculture markets with advanced contract
 Dallas TX, US +1 214 237 8000
management, a fully integrated web portal, and ERP-like accounting.
 Uniondale NY, US +1 516 227 6600

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2021 CTRM SourceBook

Vendor: ION Commodities Product Name: Agtech Version: 2021.01.03


Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not
at a client site capable of providing functionality providing that functionality
- applicable for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates

Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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ION Commodities
1345 Avenue of the Americas
49th Floor
New York, NY 10105
Product:
Phone: +1 212 906 0050 Allegro
https://iongroup.com/ion-commodities/

Allegro is best suited for medium to large-sized utilities and energy Number of Licensed Client Companies: “ION Commodities
companies who market, trade, or consume energy commodities with has 30,000+ users; 1,200+ companies”
a focus around power and renewables, natural gas, and
environmental products (certificates). Representative Clients: Information not provided
The trade to cash, multi-commodity solution provides industry-
standard out-of-the-box capabilities, as well as an extensible
framework to tailor customizations to specific business needs.

Allegro empowers companies to take total control over their


commodity business. With Allegro, companies get data-driven
decision support to better manage position visibility, risk
management, controls, and regulatory compliance — in a single
solution.

Deploying Allegro offers: Information not provided


• Management of financial and physical commodities in a single
solution for the front-, middle-, and back-office

• A multi-commodity solution with ready-to-use capabilities as


well as an extensible framework for customizations

• Automation of confirmations, settlements, and cash flow


analysis

• Maximized profitability at every phase of a deal with deal-to-


cash functionality

• Process optimization from front- to back-office to manage risk


and improve compliance

Allegro empowers businesses to make the best decisions with the


right data, managing risk across commodities, regions, and entities Information not provided
with the following key capabilities:

• Flexible deal capture: Allows accurate and efficient trade


capture by leveraging template driven data sets. Trades
executed on exchanges can be captured through interfaces

• Real-time visibility: Management of physical and financial


positions on a single, powerful platform that unites information
Delivery Methods:
for the front-, middle-, and back-office – all in real-time
 Traditional License
• Risk management: Detailed views of exposure to manage risk
 Hosted in Private Cloud
correctly, confidently, and with the right data
 Hosted in Public Cloud
• Controls: Configures controls to ensure everyone in the
organization is observing operating boundaries and rules, from Office Locations and Phone:
the C-suite down  London, UK +44 20 7398 0200
• Regulatory compliance: Protection from the risk of substantial  Singapore +65 6671 9730
penalties with controls to identify possible market abuse  Tokyo, Japan +81 3 4550 1000
 Sydney, Australia +61 2 8239 8300
• Scheduling and logistics: With advanced analytics, schedulers
 Dallas TX, US +1 214 237 8000
can optimize logistics through mode and route optimization to
drive maximum profitability for their business  Uniondale NY, US +1 516 227 6600

The front-to-back solution deploys in the ION Cloud or on-premises.


Unlike other Commodity Management Solutions, Allegro is
architected from its core to address the specific needs of energy
commodities, like power and gas, earning a strong reputation with
utilities and energy companies as a best-in-breed solution.

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2021 CTRM SourceBook

Vendor: ION Commodities Product Name: Allegro Version: 16.145.5.5


Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not
at a client site capable of providing functionality providing that functionality
- applicable for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates

Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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2021 CTRM SourceBook

ION Commodities
1345 Avenue of the Americas
49th Floor
New York, NY 10105
Product:
Phone: +1 212 906 0050 Aspect
https://iongroup.com/ion-commodities/

Aspect is best suited for small to medium-sized traders, refiners, Number of Licensed Client Companies: “ION Commodities
producers, and marketers of crude oil, refined petroleum products, has 30,000+ users; 1,200+ companies”
petrochemicals, and metals who are looking to sunset their
spreadsheets for an easy-to-use, low maintenance system with Representative Clients: Information not provided
speedy deployment.
Companies trading commodities face a range of challenges, including
increasing operating costs, fragmented systems, data and processes,
and blind spots in the supply chain during movement and storage of
products. Aspect covers bunker trading, fuel marketing, oil and
petroleum products, metals and coal, and is able to support the
physical and financial trade lifecycle and logistics in complex supply
chains.
Aspect streamlines trade processing, creating multiple benefits for
trading companies. It eliminates errors created by reentering trades Information not provided
and executes end-to-end trade flow automation and seamless data
transfer, from deal execution through logistics, settlement to
invoicing. The solution is certified by CME and ICE for post-trade
capture, creating a single point of entry and reducing dependency on
end-of-day trade reconciliation.
Deploying Aspect offers:
• An out-of-the-box solution, that implements in weeks enabling
rapid adoption
• Integration of physical and financial trading operations with
straight through processing (STP)
• A high-performance, in-memory database able to run large
volumes of data and instant end-of-day, end-of-year reports
• Seamless data and application interfacing capabilities for
painless integration
• A unique Market Data component with real-time and historical
commodities prices, charts, dynamic Excel tools, and news on
the same platform Information not provided
Aspect is the only Software as a Service (SaaS) trade and risk
management solution with integrated market data, enabling rapid
deployment, and immediate ROI providing the following key
capabilities:
• Trade management: Measure and report on risk, credit, and
market exposures. Monitor the value of MTM, cash positions and
P&L simultaneously with market fluctuations, and as deals are
entered and updated Delivery Methods:
• Trading/Analytics: Market data and pre-trade analytics as part of
its front office modules  Hosted in Private Cloud
• Risk management: Leverage a full spectrum of physical and  SaaS: Multi-tenanted
financial tools to assess price, volume, volatility, quality, delivery,
counterparty, credit, and multi-currency exposures. Complete Office Locations and Phone:
risk, exposure, and VaR reporting
• Financial management: Gain insight into movements, payments,  London, UK +44 20 7398 0200
and costs  Singapore +65 6671 9730
• Physical operations: Track and optimize supply chain activities
 Tokyo, Japan +81 3 4550 1000
• Flexibility and fast performance: View P&L, valuation, risk, and
attribution data in near real-time  Sydney, Australia +61 2 8239 8300
 Dallas TX, US +1 214 237 8000
The front-to-back, multi-tenant SaaS solution provides rich functional
coverage for financial and physical trading with integrated market  Uniondale NY, US +1 516 227 6600
data and real-time reporting, valuation, and risk analytics. Unlike
other higher-priced competitors, Aspect provides a standard, true
SaaS offering with a simple scripting language to support customized
and rich workflows.

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2021 CTRM SourceBook

Vendor: ION Commodities Product Name: Aspect Version: 21.2.0.0


Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not
at a client site capable of providing functionality providing that functionality
- applicable for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates

Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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ION Commodities
1345 Avenue of the Americas
49th Floor
New York, NY 10105
Product:
Phone: +1 212 906 0050 FEA
https://iongroup.com/ion-commodities/

FEA provides world-class quantitative risk tools to traders, Number of Licensed Client Companies: “ION Commodities
schedulers, and risk managers for the valuing, modelling, and has 30,000+ users; 1,200+ companies”
hedging of physical assets and derivatives. As the gold standard in
the analytics industry, FEA’s advanced energy and commodities Representative Clients: Information not provided
analytic solutions offer decision support, portfolio valuation, complex
option pricing, and asset optimization.
FEA provides state of the art models to value, optimize and manage
risk of complex commodity portfolios. Companies using FEA
maximize profit by executing the optimal strategies, while at the same
time also reducing their risk.
FEA’s unique set of analytics allows companies to gain maximum
value from their assets and contracts enhancing operational and
fundamental approaches to trading and quantifying complex
optionality. Information not provided
Using out-of-the-box back-testing algorithms replaying historical
scenarios to measure portfolio exposures through advanced
simulations, companies can understand the impact of potential
market events (e.g. geopolitical crisis, pandemics, polar vortex,
floods, etc.) and take the appropriate risk mitigation actions to prevent
unexpected losses.
Front-office and middle-office users benefit from the same models &
analytics engine consistently used for all the business processes
across the entire organization (e.g., pre-trade analytics, asset
optimization, sensitivity analysis, portfolio valuation etc.).
FEA consists of four product families:
Option Analytics
• Provides value and advanced analytics for single & multi asset
vanilla/exotic options and physical contracts, with embedded
optionality to improve decision-making Information not provided
• Provides recommended hedging profiles and other advanced
metrics for structured contracts including multiple underlying/FX
and complex volumetric clauses
Asset Optimization
• Decision support using advanced algorithms and statistical
analysis
• Simulation-based valuation via trading strategies create CFaR
view of asset management Delivery Methods:
Market Data Analytics
 Traditional License
• Robust calibration procedures with 1-Factor, 2-Factor, and Multi-
Factor mean-reverting models
 Hosted in Private Cloud
• Optimized structural covariance model to support large scale  Hosted in Public Cloud
long horizon simulations and stress testing of diversified
portfolios Office Locations and Phone:
Portfolio Analytics  London, UK +44 20 7398 0200
• Valuation and analytic methods to quantify portfolio exposures  Singapore +65 6671 9730
driving decision support on how to eliminate or offset risk through
 Tokyo, Japan +81 3 4550 1000
advanced simulation methodologies
• Advanced Analytics to decompose cashflows risks, credit  Sydney, Australia +61 2 8239 8300
exposure and back-test trading strategies, or support merger  Dallas TX, US +1 214 237 8000
and acquisition operations  Uniondale NY, US +1 516 227 6600
The advanced energy and commodities analytic solution can be
delivered via SaaS, ETRM/CTRM integrated libraries, or Excel.

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Vendor: ION Commodities Product Name: FEA Version: 2021


Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not applicable
at a client site capable of providing functionality providing that functionality
- for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates
Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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ION Commodities
1345 Avenue of the Americas
49th Floor
New York, NY 10105
Product:
Phone: +1 212 906 0050 Openlink
https://iongroup.com/ion-commodities/

Openlink is best suited for large, diversified companies who trade in Number of Licensed Client Companies: “ION Commodities
multiple commodities markets on a global scale and need real-time has 30,000+ users; 1,200+ companies”
visibility of position and risk exposure. Representative Clients: Information not provided
Openlink is the most comprehensive and advanced ETRM/CTRM
solution for integrated enterprises that need to streamline, automate,
and simplify their high-volume commodity business. Openlink covers
derivatives and physical asset classes and provides a consolidated
physical-to-financial view of positions, risks, and P&L — from lease
management and generation to physical movement planning,
hedging, inventory management, actualization, and settlement.
Openlink assists energy and commodity-intensive businesses
manage the increased complexity of their international portfolio. It
covers a comprehensive list of instruments from basic to the most
complex, including natural gas, power and renewables, crude oil, Information not provided
refined products, base and precious metals, coal, weather
derivatives, environmental products (certificates), interest rates and
foreign exchange.
Deploying Openlink offers:  
• The broadest asset and commodity coverage in the market,
covering energy and non-energy commodities including support
for complex structured trades and advanced risk management
• A single platform to manage and control business activities across
multi-commodities increasing operational efficiency, improving
data quality, and solution adoption
• A flexible solution with the ability to automate and customize
business workflows and the ability to support future business
growth and market expansions

Openlink is highly scalable and extensible. It is a multi-commodity,


multi-currency solution built on proven technology and a robust Information not provided
architecture with the following key capabilities:  
• Trading/analytics: Direct exchange integration lets users enter
trades, retrieve and view existing trades, run and view reports,
and run ad hoc or on-the-fly simulations and stress-testing
scenarios
• Sophisticated credit and risk management: Real-time streaming
solution for market risk exposures (Mark-to-Market, Greeks, VaR,
etc.) and credit exposure monitoring Delivery Methods:
• Scheduling and logistics: Use and share one unique database for
all modes of transportation (truck, rail, pipeline, vessel, and more)   Traditional License
• Confirmation and document management: Manage all back-office  Hosted in Private Cloud
and logistics document generation and tracking   Hosted in Public Cloud

Openlink uniquely offers a fully integrated treasury capability. Office Locations and Phone:
Openlink’s customer base includes corporate treasuries with
commodity exposure. The system plays a strategic role in improving  London, UK +44 20 7398 0200
earnings and reducing costs. The solution offers commodity and  Singapore +65 6671 9730
derivatives price and risk management, hedge effectiveness  Tokyo, Japan +81 3 4550 1000
evaluation, reporting, and cash management. Overall providing  Sydney, Australia +61 2 8239 8300
control, oversight, and centralized transparency in real-time across  Dallas TX, US +1 214 237 8000
treasury and commodity activity.
 Uniondale NY, US +1 516 227 6600
The front-to-back solution deploys in the ION Cloud or on-premises.
Unlike other Commodity Management solutions, Openlink powers the
world's largest and most sophisticated commodity-intensive
corporations with unparalleled risk management, real-time streaming
risk data, and high-performance operations.

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Vendor: ION Commodities Product Name: Openlink Version: V19


Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not
at a client site capable of providing functionality providing that functionality
- applicable for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates

Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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ION Commodities
1345 Avenue of the Americas
49th Floor
New York, NY 10105
Product:
Phone: +1 212 906 0050 ION Commodities Product Portfolio
https://iongroup.com/ion-commodities/

ION Commodities, a division within the ION Group, is the leading Number of Licensed Client Companies: “ION Commodities
provider of commodity management solutions that empowers has 30,000+ users; 1,200+ companies”
companies to be in total control of their business operations. As the
market leader, ION Commodities provides holistic portfolio management Representative Clients: Information not provided
and next-generation decision support to organizations of any size, in any
industry, across any commodity, and in any region. From a completely
packaged multi-tenant SaaS solution, to a highly customized
ETRM/CTRM solution, to a platform for advanced analytics and
digitalization, ION’s portfolio of solutions supports commodity
organizations’ exact requirements now — and as their businesses grow
and change well into the future.
The ION Commodities product portfolio comprises next-generation
commodity trading and risk management solutions, including Agtech,
Allegro, Aspect, RightAngle, Openlink, TriplePoint and a suite of value- Information not provided
added solutions with capabilities extending far beyond a traditional
ETRM/CTRM with scheduling and logistics, shipping, risk analytics, and
supply chain optimization.
ION also offers ION Cloud - a managed hosting service for ION
Commodities products that enables businesses to grow at scale. ION
Cloud provides an environment optimized for continuous innovation,
scalability, and flexibility. Leveraging ION Cloud enhances business
performance and response to market pressures with greater agility —
all on a cloud solution built and maintained by ION.
ION Commodities is the market leader in commodity management
software, serving over 1,200 companies and over 30,000 users in 50
countries.
ION Commodities’ value-added solutions include:
Algosys: An automated metal accounting solution that can be
deployed in concentrators, gold and hydromet plants, and smelters.
Algosys enables metallurgists and plant superintendents to collect
and evaluate data from any source, perform mass balance
computations, and reconcile production data.
Credit Risk: A web-based credit application that proactively
measures, manages, and mitigates the risk arising from counterparty
default. Comprehensive exposure, collateral, and counterparty
management ensure organizations have an accurate and timely view
of liquidity and exposure, so that business risks are converted into
growth opportunities. Delivery Methods
FEA: A leading risk analytics solution for traders, schedulers, risk
managers, and back-office professionals. In addition to a full suite of  Traditional License
comprehensive analytic tools, FEA boasts world-class analytical  SaaS: Multi-tenanted
support provided by seasoned Ph.D. industry experts.  Hosted in Private Cloud
Hedge Accounting: A hedge analyzer and toolkit to design and  Hosted in Public Cloud
assess hedge effectiveness. Required hedge documentation is
automatically generated to show the type of exposure being hedged
and the method used to prospectively assess the hedge’s expected Office Locations and Phone
effectiveness.
 London +44 20 7398 0200
Qmastor: A supply chain management system which automates and
simplifies coal and mineral operations and logistics. It delivers supply
 Singapore +65 6671 9730
chain visibility, streamlines processes, enables better decision  Tokyo +81 3 4550 1000
making, and reduces costs to improve margins.  Sydney +61 2 8239 8300
Softmar: A shipping solution that provides full chartering capabilities  Dallas +1 214 237 8000
and operational and risk management for ship owners, operators, and  Uniondale +1 516 227 6600
charters and commodity traders with ocean transportation. It has the
industry’s most powerful voyage estimator, revealing the accurate
location of vessels and cargos.
WAM: An optimization solution for managing supply chain processes,
including integrated business planning, sales and operations
planning, demand forecasting, production and distribution scheduling,
and inventory optimization.
ION Commodities is part of ION Group, the largest global provider of
trading, analytics, and risk management solutions for commodities and
treasury management.

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Vendor: ION Commodities Product Name: ION Commodities Version: Product Portfolio
Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not
at a client site capable of providing functionality providing that functionality
- applicable for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates

Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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ION Commodities
1345 Avenue of the Americas
49th Floor
New York, NY 10105
Product:
Phone: +1 212 906 0050 RightAngle
https://iongroup.com/ion-commodities/

RightAngle is best suited for medium to large-sized liquid Number of Licensed Client Companies: “ION Commodities
hydrocarbon companies, such as crude oil producers, crude oil has 30,000+ users; 1,200+ companies”
marketers, refiners, refined products marketers, fuel marketers, or
fuel consumers.
Representative Clients: Information not provided
RightAngle is an end-to-end ETRM solution for regional and global
integrated energy and commodity-intensive enterprises that work
across the crude oil, refined products, natural gas liquids (NGLs),
coal, and other liquid and bulk commodity supply chains.
The solution supports front-to-back-office workflow, from physical to
financial deal capture, for companies operating across the commodity
supply chain that need deep logistics, accounting, and tax capabilities
combined with trading and risk management. With straight-through-
processing (STP) of supply and trading information on a single
platform, users get an aggregated, volumetric and financial view of
positions, profitability, and risk — enhancing their ability to mitigate Information not provided
unwanted risk, improve decision making, and identify opportunity
across the supply chain.
RightAngle integrates trading, risk management, pricing, scheduling,
movement actualization, invoicing, and settlement in a single, unified
solution, assisting businesses to break down information silos, while
providing the confidence that each function is viewing and managing
the same data.
Deploying RightAngle offers:
• A view of the entire commodity and trading process across the
crude oil, refined products, natural gas liquids, coal, and other
liquid and bulk commodity supply chains
• A flexible framework to expand or customize the standard
market solutions
• An integrated asset transaction management solution for
storage or pipeline asset owners
• Deep scheduling and logistic capabilities with integrated
operations, inventory, tax, and accounting functionality Information not provided
• Support for rack pricing, invoicing, and integration with terminal
automation system
With rich functionality and a scalable architecture RightAngle gives
companies a 360-degree view of their entire commodity and trading
value chain, providing a single source of truth with the following
capabilities:
• Planning, scheduling and logistics: Manage the flow of all
scheduling and inventory for all major transportation methods Delivery Methods:
of truck, rail, barge, vessel, pipeline, and any combination of
these methods  Traditional License
• Pricing: Capture all pricing and cost components required to  Hosted in Private Cloud
accurately calculate settlement, including transportation,  Hosted in Public Cloud
demurrage, product regrades, logistics costs, and differentials
• Risk management: Calculate Mark-to-Market, Greeks, and
Office Locations and Phone:
VaR across the portfolio
• Data and reporting: Break down information silos with  London +44 20 7398 0200
seamlessly integrated data, with each function viewing and
 Singapore +65 6671 9730
managing the same data
• Settlement and accounting: Automate the process of pricing  Tokyo +81 3 4550 1000
transactions, calculating the related taxes and other costs,  Sydney +61 2 8239 8300
creating invoices, applying cash to open receivables, initiation  Dallas +1 214 237 8000
of cash disbursements for open payables, creating the related
accounting transactions and account coding them
 Uniondale +1 516 227 6600
appropriately
The front-to-back solution deploys in the ION Cloud or on-premises
and excels in logistics and operations to streamline business process
efficiency and maximize profitability. Unlike other Commodity
Management Solutions, RightAngle has remained focused on the
specific needs of the liquid hydrocarbon industry, earning a strong
reputation with market-leading firms as a best-in-breed solution.
Copyright 2021 Commodity Technology Advisory llc 127 | P a g e
2021 CTRM SourceBook

Vendor: ION Commodities Product Name: RightAngle Version: S21


Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not
at a client site capable of providing functionality providing that functionality
- applicable for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates

Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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2021 CTRM SourceBook

ION Commodities
1345 Avenue of the Americas
49th Floor
New York, NY 10105
Product:
Phone: +1 212 906 0050 TriplePoint
https://iongroup.com/ion-commodities/

TriplePoint is best suited for small to medium-sized companies who Number of Licensed Client Companies: “ION Commodities
are looking to bring control and auditability to their business across has 30,000+ users; 1,200+ companies”
one or multiple commodities. TriplePoint offers a wide array of out-of- Representative Clients: Information not provided
the-box functionality to support physical bulk commodity trading,
financial derivatives, and dynamic reporting.

TriplePoint is for companies that operate in one or more segments of


the energy and commodity supply chains, including power, gas, bulk,
and liquids. The solution provides real-time business insights, and
automates processes for production, sourcing, procurement,
processing, marketing, and distribution. This gives companies the
freedom to concentrate on optimizing business decision.

Deploying TriplePoint offers:


Information not provided
• A single platform to manage market-based supply chains across
commodities to optimize trading, procurement, distribution,
scheduling, and hedging
• Integration of physical and financial trading with straight-
through-processing for viewing all critical information in real-time
• Flexible configuration and fast performance, providing complete
and accurate data at any moment
• Automation of routine tasks and transactional workflows, like
confirming contracts, pricing, scheduling, logistics, and financial
settlement

TriplePoint precisely extracts the information necessary to support


business processes for commodities management with the following
key capabilities:

• Risk management: Combine real-time risk metrics such as VaR


with sensitivity analysis, market simulations, and stress testing
Information not provided
• Regulatory compliance: Obtain full visibility for internal and
regulatory reporting compliance, control, and auditing, as well as
derivative accounting and disclosure reporting
• Analytics and decision making: Use advanced business
intelligence and analytics, and high-performance data
aggregation to make better informed and proactive decisions

TriplePoint is a multi-commodity product with specialized features for Delivery Methods:


agriculture and consumer packed goods (CPG) companies that  Traditional License
supports requirements of high-volume physical and financial trading.  Hosted in Private Cloud
TriplePoint is an ideal choice for international traders and features  Hosted in Public Cloud
dynamic reporting and price componentization. Additionally,
TriplePoint employs a separate module specifically designed for Office Locations and Phone:
coverage and spend management of food and beverage CPG
companies.  London, UK +44 20 7398 0200
 Singapore +65 6671 9730
The front-to-back solution deploys in the ION Cloud or on-premises.
 Tokyo, Japan +81 3 4550 1000
Unlike other Commodity Management Solutions, TriplePoint supports
 Sydney, Australia +61 2 8239 8300
a high degree of configurability to meet specific customer needs all
within a standard product, enabling seamless upgrades to take  Dallas TX, US +1 214 237 8000
advantage of the latest features.  Uniondale NY, US +1 516 227 6600

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Vendor: ION Commodities Product Name: TriplePoint Version: 8.21


Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not
at a client site capable of providing functionality providing that functionality
- applicable for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates

Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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ION Commodities
1345 Avenue of the Americas
49th Floor
New York, NY 10105
Product:
Phone: +1 212 906 0050 ION Commodities Value Added
https://iongroup.com/ion-commodities/ Solutions

ION Commodities, a division within the ION Group, is the ensure organizations have an accurate and timely view of
leading provider of commodity management solutions liquidity and exposure, so that business risks are
that empowers companies to be in total control of their converted into growth opportunities.
business operations. As the market leader, ION
FEA: A leading risk analytics solution for traders,
Commodities provides holistic portfolio management and
schedulers, risk managers, and back-office professionals.
next-generation decision support to organizations of any
In addition to a full suite of comprehensive analytic tools,
size, in any industry, across any commodity, and in any
FEA boasts world-class analytical support provided by
region. From a completely packaged multi-tenant SaaS
seasoned Ph.D. industry experts.
solution, to a highly customized ETRM/CTRM solution, to
a platform for advanced analytics and digitalization, ION’s Hedge Accounting: A hedge analyzer and toolkit to
portfolio of solutions supports commodity organizations’ design and assess hedge effectiveness. Required hedge
exact requirements now — and as their businesses grow documentation is automatically generated to show the
and change well into the future. type of exposure being hedged and the method used to
prospectively assess the hedge’s expected effectiveness.
The ION Commodities product portfolio comprises next-
generation commodity trading and risk management Qmastor: A supply chain management system which
solutions, including Agtech, Allegro, Aspect, RightAngle, automates and simplifies coal and mineral operations and
Openlink, TriplePoint and a suite of value-added solutions logistics. It delivers supply chain visibility, streamlines
with capabilities extending far beyond a traditional processes, enables better decision making, and reduces
ETRM/CTRM with scheduling and logistics, shipping, risk costs to improve margins.
analytics, and supply chain optimization.
Softmar: A shipping solution that provides full chartering
ION also offers ION Cloud - a managed hosting service capabilities and operational and risk management for ship
for ION Commodities products that enables businesses to owners, operators, and charters and commodity traders
grow at scale. ION Cloud provides an environment with ocean transportation. It has the industry’s most
optimized for continuous innovation, scalability, and powerful voyage estimator, revealing the accurate
flexibility. Leveraging ION Cloud enhances business location of vessels and cargos.
performance and response to market pressures with
greater agility — all on a cloud solution built and WAM: An optimization solution for managing supply chain
maintained by ION. processes, including integrated business planning, sales
and operations planning, demand forecasting, production
ION Commodities is the market leader in commodity and distribution scheduling, and inventory optimization.
management software, serving over 1,200 companies
and over 30,000 users in 50 countries. ION Commodities is part of ION Group, the largest global
provider of trading, analytics, and risk management
ION Commodities’ value-added solutions include: solutions for commodities and treasury management.
Algosys: An automated metal accounting solution that
can be deployed in concentrators, gold and hydromet
plants, and smelters. Algosys enables metallurgists and
plant superintendents to collect and evaluate data from
any source, perform mass balance computations, and
reconcile production data.

Credit Risk: A web-based credit application that


proactively measures, manages, and mitigates the risk
arising from counterparty default. Comprehensive
exposure, collateral, and counterparty management
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Lacima
Suite 7.01, Level 7, 56 Pitt St
Sydney NSW 2000
Australia
Product:
Phone: +61 2 8320 7440 Lacima Trader & Analytics
www.lacimagroup.com

Lacima is a multi-award winning specialist provider of energy Number of Licensed Client Companies: 51
and commodity analytics software covering trading, valuation, Representative Clients: Saudi Aramco Trading;
optimisation and market and credit risk management. It's ECOPetrol; Sembcorp; SOCAR Trading; Woodside Energy;
solutions help organisations to maximize their profit potential Scottish and Southern Energy
and make better informed decisions by providing tools that
yield more accurate valuations, hedging analysis and risk
exposure analysis for portfolios of financial contracts and
physical assets.

Lacima offers Lacima Trader, Lacima Analytics (including a


new solution for LNG) and Lacima API. Each product suite is
complementary and, in a world first, enables both the Front
Office and the Middle Office to use the same underlying
mathematical models for analysing, valuing, optimising and
risk managing deals. This is a major breakthrough in analytic
analysis and finally provides customers with a vendor solution
to a major disconnect that has, to date, been solved by
internal work-a-rounds which are no longer acceptable in a
climate of increased scrutiny, oversight and regulation.
The models underpinning Lacima's products are based on the
internationally acclaimed and acknowledged research works
of Lacima's co-founders as well as papers published with
other Lacima members. These models are widely accepted in
industry as major advances to analytics for the energy and
commodities markets, have appeared in numerous books and
articles, and are used in most other analytics solutions
marketed by other vendors. Crucially, Lacima’s models
address both physical assets (thermal, wind, solar power
plants, gas storage facilities, oil refineries, etc.) as well as the
financial contracts that trade around them. Lacima is
recognized by energy market participants as being the
number one analytics vendor having been voted first in
Energy Risk's software rankings for the past 9 years.
Lacima Analytics is the only commercially available single Delivery Methods:
application for valuation, optimization and risk management  Traditional License
for multi-commodity/ multi-geography and/or multi-asset  Term or Perpetual License
portfolios. The Lacima Trader suite of products for Front
Office are designed to work as stand-alone trading, Office Locations and Phone:
structuring and valuation tools capable of transparent drill  United Kingdom +44 20 3880 1488
down to detailed outputs and value drivers.  US +1 303 926 4940
Clients of Lacima's software and services include trading,
structuring, origination, valuation and risk teams in vertically
integrated energy companies, energy retailers, LNG
operators, financial institutions and large energy consumers
in Europe, Middle East, North America, South America, Asia
and Australia.
For further information, visit http://www.lacimagroup.com or
email info@lacimagroup.com.

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Vendor: Lacima Product Name: Lacima Trader & Analytics Version: v10
Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not applicable
at a client site capable of providing functionality providing that functionality
- for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates
Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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Mobius Risk Group


5847 San Felipe Product:
Suite 2502
Houston TX 77057 G-Risk Carbon and
Phone: +1 713 877 0404 ESG Analytics
www.mobiusriskgroup.com

As investors, employees, government agencies, and the public Number of Licensed Client Companies: Information not
increasingly demand socially-responsible and environmentally- provided
minded companies. This is measured, analyzed, and achieved by
capturing data that tells the story of your organization’s Representative Clients: Information not provided
environmental footprint and helps drive your organization’s goals
around environmental, social and governance. A well-executed
environmental sustainability program is about balancing these
components in the smartest way, which requires the ability to value
projects, as well as real time knowledge of energy and emissions
credit pricing.

Climate and ESG risk are in many ways similar to other risk factors
such as credit, market, or operational losses. As entire supply
chains are exposed to the same risk factors, firms that are able to
de-risk the supply chain benefit not only internally, but by charging Information not provided
a premium to vendors and customers for this service. Through G-
RiskTM, Mobius gives clients real time visibility into current and
future carbon footprint, its cost, and the cost to mitigate. This
requires a real-time market knowledge that most ESG consultants
don’t have.

G-Risk helps clients understand, evaluate, and manage their


carbon portfolio by giving them the ability to visualize their carbon
portfolio (footprint) and drill down into the underlying credits,
allowances, and offsets, showing the volume and market value of
these assets. More than a visualization tool, Mobius guides clients
through building or evaluating their ESG policies and systems to
capitalize on the work already in process and make updates based
on their unique market objectives.

Executing the initial strategy is the starting point, not the finish line. Information not provided
As with any hedge, a dynamic approach should be employed, with
both regular adjustments to volume based on production levels
and periodic adjustments to strategy based on power and offset
market conditions. If production increases, additional mitigation
efforts may be required, and if it decreases you may have excess
credits that can be monetized in the marketplace. In addition, as
these are traded markets they can be optimized.
Delivery Methods:
Energy production and heavy industry are and will remain
 SaaS: Multi-tenanted
essential to the domestic and global economy. While the transition  Hosted in Private Cloud
towards a greener economy presents challenges, it also presents
opportunities for the firms nimble enough to embrace the chance Office Locations and Phone:
to drive environmental sustainability through their supply chains.
 Houston TX, US +1 713 877 0404
Mobius’ G-Risk follows the same guiding principles of technology,
people, and process that defined RiskNet, M-Risk, and Mobius
hedging and advisory services. Using G-Risk and RiskNet together
helps clients capture their position, map their emissions portfolio
and visualize this information across the organization - including
stakeholder communications. Mobius’ extensive market
experience and industry partnerships help clients further navigate
the registries, exchanges, dealers, and counterparties to execute
the right approach based on a client’s unique portfolio and goals.

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Vendor: Mobius Risk Group Product Name: G-Risk Carbon and ESG Analytics Version: Continuous Development

Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not applicable
at a client site capable of providing functionality providing that functionality
- for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates
Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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Advertisement

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2021 CTRM SourceBook

Mobius Risk Group


5847 San Felipe
Suite 2502
Houston TX 77057
Product:
Phone: +1 713 877 0404 M-Risk Risk Analytics
www.mobiusriskgroup.com

Mobius shelves antiquated VaR model in favor of creating Number of Licensed Client Companies: Information not
proprietary algorithms that deliver superior insights into the provided
true portfolio risk held by the client
Using its M(β)risk™ (M-Risk) methodology and backed up Representative Clients: Information not provided
with its in-house developed CTRM platform, RiskNet, the
Mobius team delivers risk analytics that help clients make
knowledge-based risk management decisions, knowing
precisely which revenue streams to protect and which
embedded risks to focus on for mitigation, to achieve their
capital plan. This M-Risk strategy results in more efficient
hedging—maximizing risk reduction, maximizing revenues
locked, and minimizing cost, while achieving client objectives.
Risk managers rely on VaR simply because it is the status
quo, there’s inertia, it is simple to use and a lot of people Information not provided
understand it because it is taught at most business schools.
On a daily basis, VaR gives you a reasonable measure of risk.
The problem, however, is that VaR forecasts events occurring
once every 100 years that, in reality, occur two to three times
in a year. And this miscalculation is a major contributor to the
dramatic and totally unpredicted losses that most companies
experience.
There is wide misunderstanding among traders about market-
based deal risk, which in turn leads to mispricing. This
conundrum largely is accepted, yet the misunderstanding
remains a cause of failure in commodity-based deals. In fact,
along with poor financial hedging (the term hedging used
loosely in many cases), mispricing the risk of assets and
acquisitions is a primary reason for commodity intensive firms Information not provided
to fall into financial distress, often spectacularly.
M-Risk drills down into the portfolio risks and delivers in rapid
fashion the ability to see the component risks as well as the
concentration of risk by asset class, location (or basis) and
tenor.
The objective behind the M-Risk methodology is to figure out
how to hedge the risk exposure to achieve each client’s Delivery Methods:
unique objectives in a cost-effective manner. The first step is  SaaS: Multi-tenanted
to compute the M-Risk and determine the primary sources of  Hosted in Private Cloud
risk. The next step involves incorporating market
fundamentals, liquidity, market pricing of the curve (including Office Locations and Phone:
volatility and skew), client objectives and capital/counterparty  Houston TX, US +1 713 877 0404
constraints into the hedge structure and execution.
Market disruptions that originated alongside the onset of the
pandemic in 2020 caused pain across the oil and gas industry.
Mobius’s M-Risk methodology, however, helped clients not
only hold tight during the turbulence but also enabled many to
be positively positioned to capitalize on growth opportunities.
M-Risk is available as a standalone module or alongside the
suite of modules constituting the company’s CTRM platform.

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Vendor: Mobius Risk Group Product Name: M-Risk Risk Analytics Version: Continuous Development

Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not applicable
at a client site capable of providing functionality providing that functionality
- for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates
Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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Mobius Risk Group


5847 San Felipe
Suite 2502
Houston TX 77057
Product:
Phone: +1 713 877 0404 RiskNet and Advisory
www.mobiusriskgroup.com

Mobius’ unique approach combines the power of technology Number of Licensed Client Companies: Information not
and process with deep experience across commodities, provided
including carbon. RiskNet, Mobius’ cloud-based platform with
an easy-to-use mobile app, connects an entire organization Representative Clients: Information not provided
with a single, comprehensive, controlled data source to drive
more effective strategic decision-making amid volatile market
changes. Mobius applies its Technology-Process-People
approach to help give clients an edge in managing multi-asset
commodities in markets in the Americas and Europe.
At a time when oil and gas markets are experiencing seismic
shifts, new strategies that increase efficiencies in deal-making
are critical. Mobius is delivering value for clients in this
challenging environment by veering from status quo thinking
to generate highly accurate visualizations of data that reduces Information not provided
costs of hedging and, more importantly, delivers concise and
predictable cash flow. Mobius identifies the most efficient
means to consistently achieve defined objectives.

Traditional guidance on hedging is a binary strategy in which


capital sponsors hold the reins and drive decision-making
regarding tenor and which instruments are allowable. Usually,
it’s predicated on volume being representative of risk.
The “top down” approach of assessing or managing from a
benchmark captures risk, but creates correlation between
issues not understood until after the fact, in many cases.
A juxtaposition that often impedes the ability to put hedging
dollars toward the highest most profitable use. Information not provided

Mobius clients confirm this when they say they won’t accept a
systematic “one size fits all” or the indiscriminate splashing of
their bespoke data/positions in the market approaches to
mitigating financial risk. The bespoke nature of the risk
management process demands discretion and discrete
application specific to each client.
Delivery Methods:
Any hedging strategy must encompass the relationship  SaaS: Multi-tenanted
between financial instruments and physical sales or  Hosted in Private Cloud
procurement. A financial risk management strategy without a
clear understanding of how said strategy pairs with physical Office Locations and Phone:
commodity pricing is of marginal utility. Mobius’ guidance to  Houston TX, US +1 713 877 0404
clients involves not only the assessment of forward revenue
risk based on an optimal use of derivatives but also includes
detailed articulation of how a financial risk management
strategy will pair with realized revenue/costs. Through Mobius
RiskNet, clients access a comprehensive data set and are
able to carve out multiple visualizations of their fully integrated
portfolio

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Vendor: Mobius Risk Group Product Name: RiskNet Version: Continuous Development

Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not applicable
at a client site capable of providing functionality providing that functionality
- for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates
Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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Mobius Risk Group


5847 San Felipe
Suite 2502
Product:
Houston TX 77057 RiskNet
Phone: +1 713 877 0404
www.mobiusriskgroup.com

Mobius recognized their energy and commodity hedging advisory Number of Licensed Client Companies: Information not
clients needed a modern approach to enable rapid data analysis and provided
compress decision-making. RiskNet is a comprehensive,
customizable, easy to use risk management platform that looks and
feels like a CTRM but offers much more. Representative Clients: Information not provided

RiskNet provides a single, enterprise-wide, comprehensive data truth


by digesting an enormous amount of market and transactional
information. Combining that data with an integrated view, i.e. physical
and financial, of our client’s specific information and applying
proprietary analytics to create best-in class visualizations of position,
risk and cash flow. All of this is done within a framework founded on
continuous auditing and effective controls measured and
administered throughout the life cycle of each transaction. Users
securely access their fully vetted, up-to-date and comprehensive data
set and associated visualizations and reporting.
Data is current, consistent, transparent, and available cross-
functionally. RiskNet provides a shared understanding of clients’
Information not provided
current period, without waiting for or comparing reconciliation data
between departments across organizations.
RiskNet’s flexible integration of upstream data and presentation of
downstream data can be achieved through multiple avenues. Auto-
uploads, deal capture UI, scheduled reporting and notifications, auto-
updated reporting and ability to connect to other systems mean
RiskNet adapts to established business processes within the
enterprise.
Mid- and back-office functions also require a similarly modern
approach, which is why RiskNet comprises an entire suite of
applications. In addition to accounting, the platform includes
commercial, treasury, financial planning and analysis, operations and
inventory management.
RiskNet offers a host of powerful functionality, including:
● Analytics reporting Information not provided
● Scenario analysis
● Deal capture
● Data/contract warehousing
● Valuation
● Accounting capabilities for physical and financial accounting for
mid- and back-office
● Reporting with audited controls, allowing constant and
consistent underwriting through the entire life cycle of each
transaction. Delivery Methods:
RiskNet also provides access to a comprehensive visualization of
client portfolios and provides views that allow carving, rolling up and
 SaaS: Multi-tenanted
drilling down for position, credit, risk, cashflow (physical and  Hosted in Private Cloud
financial).
Office Locations and Phone:
RiskNet applies a proprietary methodology for risk assessment,
called M(β)risk™ (M-Risk). M-risk, proven to be a more effective  Houston TX, US +1 713 877 0404
measurement of risk than VaR, provides an intuitive view of the most
efficient path for managing risk. The platform’s expanding feature set
includes M-Risk, its award-winning risk analytics methodology, and
G-Risk, the company’s newest visualization tool for carbon and ESG
management and visualization.
The ease in which RiskNet is implemented poses significant
advantages for clients. Because it is cloud-based, the platform is
implemented and launches in as few as 48 hours. RiskNet provides
functionality beyond that of legacy CTRM software and for a fraction
of the typical seven-figure price tag. Clients say their switch from a
legacy CTRM is allowing them to transfer more benefits to their
bottomline.

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2021 CTRM SourceBook

Vendor: Mobius Risk Group Product Name: RiskNet Version: Continuous Development

Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not applicable
at a client site capable of providing functionality providing that functionality
- for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates
Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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2021 CTRM SourceBook

Molecule Software
3262 Westheimer Road, #887
Houston, TX 77098
USA
Product:
Phone: +1 832 464 4037 Molecule
www.molecule.io

Molecule lets risk and operations managers at commodities Number of Licensed Client Companies: Information not
trading companies go home earlier, by automating routine provided
tasks and complex calculations. It is the market leader in
Representative Clients: Information not provided
cloud-native next generation ETRM/CTRM. Molecule
provides near-real time position, P&L, and VaR for any
company that trades commodities. It ships with pre-built
connections to exchanges, banks, and market data sources.
Molecule is designed for physical and financial electricity,
natural gas, crude, liquids, metals, chemicals, ags, softs, and
FX forwards.
Molecule uses the latest enterprise software technology to
make the risk system light, fast, and easy-to-use – a first in
the industry. The company was started with the idea that
multi-million-dollar technology should be more awesome than
the 99-cent apps you use on your phone.
As Molecule was designed for the cloud from the start,
customers get more data security and reliability while enjoying
a SaaS pricing model and regular product upgrades with no
interruption to service.
Implementations can be completed in 90 days or less. There
are no additional implementation fees required.
Once up and running on Molecule, customers have access to:
• Automatic deal capture
• Automatic market data
• Automatic position, P&L, near-time VaR, and risk
• Advanced and custom reporting with an embedded BI
tool
• Automatic FCM reconciliation
• ISO connectivity for FTRs & virtuals Delivery Methods:
• Connections to multiple exchanges and market data  SaaS: Multi-tenanted
providers
• Fund allocations Office Locations and Phone:
Earlier this year, Molecule launched an add-on product  Houston TX, US +1 832 464 4037
specifically for power trading. As part of this Elektra package,
LMPs and ISO connectivity are included, and all power data
can be converted to equivalent blocks, and/or hourly
granularity.
Based in Houston, Texas, the Molecule team serves IPPs,
hedge funds, energy marketers, and advisors, and Fortune
100 energy companies in North America and worldwide.

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2021 CTRM SourceBook

Vendor: Molecule Software Product Name: Molecule Version: 216


Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not applicable
at a client site capable of providing functionality providing that functionality
- for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates
Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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2021 CTRM SourceBook
Advertisement

Copyright 2021 Commodity Technology Advisory llc 152 | P a g e


2021 CTRM SourceBook

Navitasoft
Teve utca 1/A-C
1139 Budapest
Hungary
Product:
Phone: 36 1 231 0497 Navitasoft Trader Suite
www.navitasoft.com

Navitasoft’s Trader Suite offers flexible, modular based service Number of Licensed Client Companies: 2
implementation, tailored to small, medium or large power and gas Representative Clients: Budapest Erőmű Zrt.; Alpiq; HEP;
trading companies, as well as for Power Plants who would like to MVM Partner; Dunamenti Power Plant (DERT) a subsidiary
market their products and/or manage fuel and carbon emission of MET International; Borsodchem
trades. The microscervice architecture offers vendor independence
for each module, instead of relying on a single provider you are free
to combine different service providers. Thanks to its modular structure
Trader Suite’s implementation, maintenance and support effort is
significantly lower than in case of monolithic ETRM systems. Trader
Suite is offered in the cloud or deployed.
Adaption to new regulatory requirements, new functional services and
process updates are released in two to four weeks’ time, thanks to
the adapted Japanese quality circles management methodology,
which has been continuously improved since 2008 and proven in 14
countries.
The Trader Suite solution, which can be configured as an ETRM is a
simple & efficient multi-country, multi-currency energy trading and risk
management of power and gas with real-time position calculation, can
be supplemented with scheduling, nominations, intraday algotrading,
optimization engine and more.
Trader Suite not only supports energy trading, transactions and risk
management of gas, power, coal, CO2, FX, and other financial
commodities for the CEE/SEE and Western European region; it
realises these functions in real time, with real-time position
calculations so you can react to any market moves quicker than other
traders.
The solution also ensures always up-to-date market and regulatory
compliance in the ever-changing energy markets. The scalable and
modular structure gives a great variety of configurations with great
cost saving benefits. Flexibility is also the main strength of the Trader
Suite software bundle, so implementing unique trading requirements
is not a challenge anymore.
Delivery Methods:
Navitasoft offers a rich set of additional plug-ins, REST-API
connections, components, modules, data services, and third-party
 Traditional License
 SaaS: Multi-tenanted
services to extend traders’ convenient daily business processes.
 Hosted in Private Cloud
Trader Suite alternative configuration can support and fully  Hosted in Public Cloud
automatize:
Office Locations and Phone:
• Aggregator operations (the optimization engine can be
configured by the Aggregator as a user itself in python)  Budapest, Hungary 00 36 1 2310497
• Energy Community business processes  Dusseldorf, Germany 00 49 151 5486 3829
• Virtual Power Plant (VPP) operations  Subotica, Serbia 00 38 1 6354 6286
 Zagreb, Croatia 00 385 98 256076
For further information please visit: https://navitasoft.com/en/trader-  Riga, Latvia 00 374 2055 8949
suite Navitasoft looks forward to digitalizing your business to the next
level.

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2021 CTRM SourceBook

Vendor: Navitasoft Product Name: Navitasoft Trader Suite Version: 2_2.3


Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not applicable
at a client site capable of providing functionality providing that functionality
- for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates
Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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2021 CTRM SourceBook

PCI (Power Costs Inc.)


301 David L. Boren, Blvd.
Suite 2000
Norman, OK 73072, USA
Product:
Phone: +1 405 447 6933 PCI Energy Platform
www.powercosts.com

PCI is the leading, worldwide provider of enterprise software, Number of Licensed Client Companies: 100+
superior customer support, and value-added services to Representative Clients: Alliant Energy; CPS Energy;
energy market participants. The PCI Platform is a one-stop Tacoma Power; RWE Renewables; CFE-Mexico; Bonneville
software solution for multiple companies including Utilities Power Administration (BPA)
(investor-owned, public power and cooperative), federal
power administrations, independent power producers and
energy marketers/traders. More than half of all the power
generated in North America is optimized using the PCI
Platform and nearly 70% of Fortune 500 Utilities are clients
who reply. The firm is privately held and based in Norman
(OK) with regional offices in Houston (TX), Raleigh (NC) and
Mexico City.

The PCI ETRM platform supports the 'end-to-end' workflow -


both inside and outside of ISO-controlled markets and, its
capabilities have steadily expanded in collaboration with
customers to address comprehensive functionality to support
power trading and fuels management. Key ETRM features
such as deal capture, position management, risk
management/analytics, gas/power scheduling and
settlements are seamlessly incorporated in the platform.
Breadth of PCI’s ETRM has grown tremendously to include
built-in connections to all ISOs/RTOs/TSOs (including those
in Canada and Mexico), as well as to CME, ICE, NASB,
OASIS and E-Tagging.

The PCI team has instituted a unique approach to developing


its ETRM platform that is based on a fully integrated, 360°
perspective that has resulted in a singular solution for most (if
not all) commercial operations, including C&I retail, trading
and logistics requirements. Crucially, it is part of an
overarching enterprise software platform that provides a
broad array of very robust capabilities to address needs Delivery Methods:
spanning from the EMS/SCADA function through Enterprise  Traditional License
Resource Planning (ERP). Further, PCI’s ETRM not only  SaaS: Multi-Tenanted
addresses the wide-ranging needs of energy companies in  Hosted in Private Cloud
North America, but its application is being extended for
Office Locations and Phone:
implementation in other international markets starting with
Australia and Europe.  Norman, OK, USA +1 405 747 0877
 Houston, TX, USA +1 713 626 3399
With rapid deployment features the PCI ETRM solution can  Mexico City, Mexico +52 81 5351 1614
be deployed as a secure, cloud hosted application or as an  Sydney, Australia +61 469 864 481
on-premise solution. PCI provides 24x7 customer support to
clients for mission critical operations of today’s energy
trading.

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2021 CTRM SourceBook

Vendor: PCI (Power Costs Inc.) Product Name: PCI Energy Platform Version: 21.2
Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not applicable
at a client site capable of providing functionality providing that functionality
- for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates
Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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2021 CTRM SourceBook

Previse Systems
Loretohöhe 32
6200 Zug
Switzerland
Product:
Phone: +41 79 671 17 98 Previse Coral
www.previsesystems.com

Previse Systems offer a highly performant SaaS solution for Number of Licensed Client Companies: 3
the trading of European electricity, natural gas and Representative Clients: European Energy; Norlys Energy
Trading; EnBW Energie Baden-Württemberg AG
renewables/certificates.
Previse Systems brings both conceptual and technological
innovation to a market that has been struggling for many
years with the shortcomings of ageing software systems.
Previse Systems simplifies processes, brings ongoing costs
in line with benefits and provides high flexibility to swiftly adapt
to evolving business realities. As the energy market rapidly
evolves, fast time-to-market as ensured by Previse Systems
becomes a critical business differentiator.
Using the most modern technology available, Previse
Systems’ approach is structurally different in that it fosters
openness, simplicity, speed of realisation (via distributed
development) and a community approach with a view of joint
ownership and cost sharing.
The goal of this is simple: better software that is available
faster and at a lower cost.
Previse Systems decouples the functionality structure of
ETRM technology into three distinct layers:
• Layer 1 (the ChorusLink common data repository) fulfils
the first and most basic requirement towards a trade
management software: to provide a data storage of
executed transactions, where a) all relevant attributes to
a transaction are stored and b) from where the
transaction data are available to provide the relevant
Delivery Methods:
information needed to manage business operations.
 SaaS: Multi-tenanted
• Layer 2 (Previse Coral) provides the primary information
 SaaS: Single-tenanted
input to business decisions – the visibility of
physical/financial positions, valuations and exposures, Office Locations and Phone:
highly performant and easily scalable.  Zug, Switzerland +41 79 671 17 98
• Layer 3 (the Coral Ecosystem) is an open SDK and
App Store enabling an optimal “buy vs. build” equilibrium.
Apps – productised customisations – can be developed by 3rd
parties or customers themselves in a technology-agnostic
way to cover individual, regional, or otherwise specific
requirements. If desired, Apps can then be resold to other
customers via the Ecosystem to share costs.

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2021 CTRM SourceBook

Vendor: Previse Systems Product Name: Previse Coral Version: n/a


Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not applicable
at a client site capable of providing functionality providing that functionality
- for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates
Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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2021 CTRM SourceBook

Quantifi
4 Snow Hill Product:
London
EC1A 2DJ
Commodity Counterparty
Phone: +44 (0) 20 7248 3593 Risk Management Solution
www.quantifisolutions.com (CCRMS)

Quantifi is a provider of risk, analytics and trading solutions for the Number of Licensed Client Companies: Information not
global financial markets and commodities industries. Quantifi is provided
trusted by the world's most sophisticated financial institutions, Representative Clients: COFCO International; Bunge;
including five of the six largest global banks, two of the three largest
Traxys
asset managers, leading hedge funds, insurance companies, pension
funds and other market participants including 2 of the 5 of the top ag
trading firms.
The process of trading, procuring and selling commodities has always
been risky and intricate, and it is only becoming more complex.
Market structures have shifted, and so risk management solutions
must respond to that change. Quantifi has a strong track record in the
risk management space and has extended this capability to cover the
needs of the commodity trading sector.
Quantifi’s Commodity Counterparty Risk Management Solution
(CCRMS) is a single enterprise-wide credit and counterparty risk
management solution that delivers decision making tools and
analytics for global agricultural, energy and metals trading firms. The
solution empowers management to more easily implement the firm’s
credit policies across regions and businesses globally.
Quantifi’s solution was built in collaboration with Bunge, who were
looking for an enterprise-wide credit and counterparty risk
management solution to support their business across 40 countries
globally. The credit risk group’s goal was to enhance their credit and
counterparty risk decision making and risk management processes.
By collaborating with Bunge, Quantifi benefitted from their extensive
industry knowledge. This knowledge, combined with Quantifi’s
expertise in counterparty risk management, led to a solution
developed specifically tailored to the needs of commodity businesses
globally. This collaboration resulted in a world-class credit and
counterparty risk management tool that is designed to facilitate
optimum business decisions and manage counterparty risk by
implementing quantitative methods and procedures across the
enterprise.
Given the success of working with Bunge, COFCO International
which is one of the largest agribusiness companies also implemented
Quantifi. In the competitive and volatile environment in which COFCO
International operates, holistic risk management is an important
component of industry best practice. As part of its risk management
strategy, the COFCO International board wanted to take a more Delivery Methods:
sophisticated approach to credit and counterparty risk management.
The board wanted a consolidated view of exposures and risk to better  Traditional License
manage volatility and control counterparty risk. Quantifi was selected  SaaS: Multi-tenanted
based on its comprehensive functionality and advanced technology.  Hosted in Private Cloud
Quantifi’s CCRMS is a high performance, scalable and intuitive  Hosted in Public Cloud
solution that can be seamlessly integrated with a firm's existing
processes and systems. Available as on-premises or in-cloud, the Office Locations and Phone:
solution is designed to help reduce risk and operational complexity  New York, USA +1 212 784 6815
with more accurate analytics, consolidated reporting and simplified
 Summit, NY, USA +1 908 273 9455
data management. Automated processes reduce costs and allow
firms to respond faster to credit events to mitigate losses. Firm-wide,  Sydney, Australia +61 (02) 9221 0133
all participants involved in the credit decision-making and risk
management process can use Quantifi to make optimum credit
decisions while managing the associated risk.
Counterparty risk management is critical to commodity trading firms
and optimization of this process has helped users grow their
businesses with greater transparency of data and automated
processes.

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2021 CTRM SourceBook

Vendor: Quantifi Product Name: Commodity Counterparty Risk Man Version: 18


Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not applicable
at a client site capable of providing functionality providing that functionality
- for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates
Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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SAP SE
Dietmar-Hopp-Allee 16
69190 Walldorf
Germany
Product:
Phone: +49 (0)6227 / 7-47474 SAP S/4Hana 2020
www.sap.com

SAP is the market leader in enterprise application software, Number of Licensed Client Companies: >200
helping companies of all sizes and in all industries run at their Representative Clients: Information not provided
best: 77% of the world’s transaction revenue touches an SAP
system. Our machine learning, Internet of Things (IoT), and
advanced analytics technologies help turn customers’
businesses into intelligent enterprises. Our end-to-end suite
of applications and services enables our customers to operate
profitably, adapt continuously, and make a difference. With a
global network of customers, partners, employees, and
thought leaders, SAP helps the world run better and improves Information not provided
people’s lives.
The SAP Commodity Management solution enables
customers to run fast, intelligent and tightly integrated
commodity trading and risk management processes with
enterprise resource planning (ERP) systems from SAP,
natively and seamlessly integrated with the ERP components
and processes. The SAP Commodity Management solution is
available for SAP S/4HANA as well as in the SAP Business
Suite software. The solution is designed to enable enterprises
to buy, sell or trade physical commodities. It provides real time
and end of day commodity risk analytics and enables
Information not provided
organisations to manage price risks with financial commodity
derivatives. SAP Commodity Management is commodity
agnostic and provides functionality to manage the whole
spectrum from very complex pricing mechanics to straight
forward manual future and basis pricing. It comes with a query
based commodity risk analytics layer that is able to be
Delivery Methods:
consumed by the broad range of tools within the SAP
Analytics portfolio. The SAP Commodity Management  Traditional License
 Hosted in Private Cloud
solution includes the SAP Commodity Procurement, SAP
Agricultural Contract Management, SAP Commodity Sales Office Locations and Phone:
and SAP Commodity Risk Management applications. SAP  SAP has office locations in more than 78 countries and
Commodity Management for SAP S/4HANA is part of the on most continents.
digital core for implementing new technologies such as
artificial intelligence through machine learning, robotic
process automation, conversational AI for natural language
processing, predictive analytics and blockchain technology.
This opens a huge opportunity for SAP, their implementation
partners and Commodity Management customers to deliver
and build the intelligent enterprise for all commodity related
businesses.

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Vendor: SAP SE Product Name: SAP Commodity Management solut Version: SAP S/4HANA 2020
Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not applicable
at a client site capable of providing functionality providing that functionality
- for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates
Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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Advertisement

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2021 CTRM SourceBook

Topaz Technology
118 Pall Mall
London
SW1Y 5EA
Product:
Phone: +44 (0)20 7099 8344 Topaz
Topaz.technology

Topaz provides advanced commodity trading and risk Number of Licensed Client Companies: Information not
analytics for traders and risk teams. The platform is fully provided
cross-commodity, and everything is calculated and reported Representative Clients: Information not provided
on in real time.
One platform solves the challenges for front and middle office:
• Comprehensive valuation, position & risk reporting for
physical and derivatives desks
• Advanced analytics including P&L explain, exotic &
physical optionality, asset modelling, charting, VaR
(Monte Carlo and parametric), cVaR, stress testing
Extensive coverage:
• First class support for wide variety of commodities
including oil, base and precious metals, gas, power,
softs, iron ore, coal, chemicals and freight
• Includes physical trades, futures, swaps, swaptions,
forwards, FFAs, vanilla options, as well as exotics
including cargo spread options, swing options, spark
spread options, backpricing options, variance swaps,
quantos, compos and various storage options, in
addition to FX forwards and options, fixed income and
equity support
Topaz is different:
• Fast, scalable, real-time and event driven
• Sophisticated analytics framework built-in
• Intuitive user experience with a consumer tech feel
• Latest technology, with modern APIs for easy
integration
• Fully versioned data and historical analysis
• All calculations are fully explained (no black box)
The Topaz founding team have a unique combination of deep Delivery Methods:
technology skills and business knowledge. They have been
 Traditional License
traders, risk managers, quants and technologists in the  Hosted in Private Cloud
commodities world. They experienced the many problems  Hosted in Public Cloud
with existing risk management packages and have first-hand  SaaS: Single-tenanted
knowledge of the challenges trading organisations have to
overcome. Office Locations and Phone:
In 2015 they set out to build a game-changing risk analytics  London UK +44 (0)20 7099 8344
platform to rise to the industry challenge. They took the time
to get the technology, architecture and design just right. The
Topaz team are obsessive about the quality of their product,
not only what is visible to the user, but also the advanced
engineering that makes it work.

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Vendor: Topaz Technology Product Name: Topaz Version: 2.0


Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not applicable
at a client site capable of providing functionality providing that functionality
- for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates
Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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Tradesparent
Conradstraat 38, Unit D5-139
3013 AP Rotterdam
Netherlands
Product:
Phone: 311 041 365 88 Tradesparent
www.tradesparent.com

Tradesparent is a Software and Data Engineering company providing


Number of Licensed Client Companies: 10
a data-consolidation and service platform for risk & performance
management, planning & analytical processes in the Food & Agri Representative Clients: Baywa; Roquette; ADM; Sime
trading and processing industry. Since 2010, the company delivers Darby; Bunge
high profile projects at the world’s leading commodity traders and
processors, enabling business alignment and optimization through
best-in-class data management. The Tradesparent team has in-depth
understanding of food & agri trading, processing, and risk
management.
The Tradesparent Platform ingests and organizes business data
(physical & financial), from SAP, ERPs & CTRMs, providing a “one
source of the truth”. The company offers an ecosystem of applications
alongside API services.
Commodity Data Hub brings operational efficiency around reporting
by unifying and integrating business data into a secure, governed
central data repository optimized for reporting & analysis. It enables
(1) maximum exploitation of data and ERP/CTRMs, (2) harmonization
of physical and financial data, (3) real-time management of data
ingestion and normalization, (4) leveraging internal and 3rd party price
intelligence.

Positions & Performance offers a flexible on-demand


representation, analysis, and reporting of portfolio volumetric
exposure and financial value to bring business alignment. It
harmonizes physical and financial, enables proactive monitoring of
exposures and daily price fluctuation impacts on the portfolio’s
profitability. It features structured position reports to suit all optics.
Risk Analytics provides exposure modelling capabilities with
sophisticated risk metrics for predicting performance volatility under
complex market conditions: overall hedge effectiveness, measuring
of the volatility of value/cash flow, analysis of vulnerability to price
shocks and suppliers’/customers’ potential to default.
Dynamic Margin Management empowers processors to optimize Delivery Methods:
sales/procurement and cement their margin management process to  Traditional License
increase profitability. It provides full control of the forward balance per  SaaS: Multi-tenanted
product and/or plant to improve management of shortage and  Hosted in Private Cloud
 Hosted in Public Cloud
inventory and full control of partial/open margin to capture any
possibility to lock in future positive margin. DMM™ optimizes Office Locations and Phone:
procurement and asset management function by having a clear view
 United States
on the exact timing and availability of inputs and outputs.
 Italy
Regulatory Reporting empowers customers to stay ahead of  India
compliance deadlines from any region around the globe (EMIR,
CFTC, MAS etc). It offers flexible custom reporting to suit the needs
of both internal and external stakeholders. The solution adapts
quickly to internal and external regulatory changes while maintaining
compliance requirements.

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Vendor: Tradesparent Product Name: Tradesparent Version: Version 10.1


Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not applicable
at a client site capable of providing functionality providing that functionality
- for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates
Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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Trilogy Effective Software Solutions,


Inc
14114 North Dallas Parkway #330 Product:
Dallas, TX 75254 TIES
Phone: +1 214 908 7152
www.trilogyeffective.com

The Integrated Energy System (TIES) is an Oil, Gas, NGL, Number of Licensed Client Companies: 20
Water, and Condensate software for Producers, Representative Clients: Kinder Morgan; Enlink Midstream;
Gatherer/Transporters, Plant Processors, and Marathon Oil; Aethon Energy; Sprague Energy; Flywheel
Marketer/Shippers. TIES combines functionality implemented Energy
at dozens of companies with the ability to customize,
automate and analyze reliable results while providing
efficiencies around unique business processes that
seamlessly integrate these roles to deliver superior solutions.
TIES offers solutions for the following primary roles:
• Producer/Producer Services - Lease & Well Dedication,
Owner Balancing, WI Owner Settlement, Royalty
Payments, Imbalance Monitoring, Netback Pricing,
Delivery Profile, Division Order, Owner Balancing,
Revenue Distribution
• Gas Plant Operations and Allocations - Settlement
Statements, Fixed Recovery, POP, Keep Whole, Field,
Commercial, Straddle Plant, Plant Bypass, Return to
Lease, Product Sales, Automated Theoreticals, Storage
Management, Customized Reporting and Live
Dashboards
• Gas Gathering System Operations - Shipper
Nominations and Confirmations, Invoice Generation,
Shipper Imbalance Management, OBA Management,
Allocations, Settlements, Invoicing, EBB
• Energy Marketing - Wellhead Scheduling, Volume
Allocation, Risk Management, Bilateral Agreements,
Confirmations, Position Management, Risk
Management, ICE Interface, PLATTS Interface, NGI,
Nymex Delivery Methods:
• Accounting & GL Interfacing (A/R, A/P, Netting, Taxes,  Traditional License
PPAs, Auditing)  Hosted in Public Cloud
• TIES provides quick and easy data analysis, proactive
Office Locations and Phone:
automations and alerts, rapid implementations through
guides wizards and uploads, and much more.  Dallas TX, USA +1 214 908 7152

• Customized/Live dashboards, statements, and


reporting

All TIES functionality is offered in the cloud or on premise and


can be offered as a service if you’re looking to outsource any
part of your business.

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Vendor: Trilogy Effective Software Solutions, Inc. Product Name: TIES Version: V21
Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not applicable
at a client site capable of providing functionality providing that functionality
- for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates
Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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W Energy Software
One West Third
Suite 1115
Tulsa, OK 74103
Product:
Phone: +1 855 466 7808 Commodity Management
www.wenergysoftware.com

W Energy Software (formerly known as Waterfield) was Number of Licensed Client Companies: 11
founded in 2009, and is headquartered in Tulsa, Oklahoma Representative Clients: Information not provided
with presences in Houston, Dallas and Denver. The current
executive team at W Energy Software has an average of 25
years of experience in energy software development and is
leading W Energy Software through a period of tremendous
growth and market acceptance.

W Energy Software is an established provider of a unified


Upstream and Midstream ERP platform. The company has
Information not provided
seen tremendous organic growth, along with growth through
acquisition. W acquired the Production Operations
application Neofirma in the summer of 2019.

W Energy Software is known throughout the industry for


providing outstanding customer service and innovative
technology at the lowest total cost of ownership. W Energy
Software uses the latest cloud technologies and process
excellence to provide a unified, transparent energy supply
chain and commodity management capabilities to a broad
range of Energy clients. W Energy Software has taken its
unparalleled physical commodity experience from the
Upstream and Midstream segments and is extending the
capability to handle all facets of the Commodity Management
(CM) space.

W Energy Software’s CM capability is focused on the


complete physical and financial energy supply chain from Delivery Methods:
wellhead to citygate, from contract to general ledger, from  Traditional License
 SaaS: Multi-tenanted
trade to cash. The major areas of innovation for W Energy
 Hosted in Public Cloud
Software include physical and financial trading, risk
Office Locations and Phone:
management, credit, optimized logistics, and accounting. W
 Tulsa, Ok USA +1 855 466 7808
Energy Software’s calculation-trace engine offers the
industry’s only complete insight into resolved settlement
values, netback and tax calculations. W Energy Software
also takes data analytics to the next level providing end users
with visualization of data throughout the application along with
association graphs giving end users a holistic view to how the
data is used throughout the commodity lifecycle.

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Vendor: W Energy Software Product Name: Commodity Management Version: 11


Functionality is deployed and in production Not Deployed, but system is System is not currently capable of Not Applicable - Functionality not
at a client site capable of providing functionality providing that functionality
- applicable for Commodity
ENERGIES AGS & SOFTS METALS EMISSIONS
Natural Crude Ediable Concen- North Other Freight
Function / Feature Power Gas Crude Products NGL Coal LNG BioFuels Grains Oils Softs Base trates Precious America Europe Bulk Rates

Production Mgmt./Generation - - - -
Production / Operations

Volumetric Management - - - - -
Net Back Pricing - - - - - - - - - - - -
DOI/Owner Balancing - - - - - - - - - - - - - -
Gas Gathering - - - - - - - - - - - - - - - - -
Gas Processing - - - - - - - - - - - - - - - -
Retail Ops. / Rack Mktg. - - - - - - - - - - - - - - -
Quality / Sampling - - - - -
Contract Management
Deal Origination
Credit Tracking
Curve Management
Portfolio Optimization
Supply-Demand Optimization
Pre-Deal Analytics "what if"
Trade Capture
Front Office / Trading

Physical
Financial
Exchange
Deal Types
Spot & Forwards
Futures
Swaps
Options
Swaptions
Transportation
Storage/Inventory - -
Complex Pricing
Position Management
Physical
Financial
Credit Risk
Hedge Effectiveness
Risk Management and Analysis

Analytics
Mark-to-Market
VaR - Monte Carlo
VaR - Other
Greeks
PaR/EaR
CVaR
Portfolio Sensitivity Analysis
Stress Testing
Simulations
Fair Value Disclosure
Vessel Freight Risk -
Insurance - -
Inventory Management
Scheduling and Logisitics
Power Transmission - - - - - - - - - - - - - - - - -
North America - - - - - - - - - - - - - - - - -
Middle Office

Europe - - - - - - - - - - - - - - - - -
Pipeline - - - - - - - - - - - - - -
Barge - - - - -
Rail - - - - -
Truck - - - - -
Vessel - - - - -
Supply Chain Mgmt./Traceability - - - -
Regulatory Reporting
Settlement
Back Office

Actualization
Invoicing
Settlements/Reconciliation
Taxation
AR/AP/Ledger (Gen. or Sub)
Currency Conversion
Unit Conversion
Document Management
System Wide

Workflow Management
Reporting / Business Intelligence
Canned Reports
Ad hoc Reporting
Executive Dashboard
BI tools

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Other Vendors
The following vendors (not necessarily an all-encompassing list) also provide varying levels of ETRM, CTRM
or CM capabilities. For more information on each, please consult the CTRMCenter.com vendor directory at
https://www.ctrmcenter.com/resources/.

2DA cQuant.io
Abacus Solutions Crisk
Adapt2 Cubiq
AEGIS CTRM (Instanext) Cultura
Ascend Analytics DMS
Atos Worldgrid Dycotrade
Blacklight Systems Ebb&Flow
Calvus Solutions e-commodity
CDA Software Egar Technology
Chinsay EMK3
CMS EnHelix
Commodity Risk Solutions Ensite
CommodityPro Ensyte
CoreTRM ESP Consulting

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2021 CTRM SourceBook

Graintrack Quorum Business Solutions


GSML Ringhel
Intstream RSDi
IPEsoft Satoshi Systems
iRely SAS RiskAdvisory
iRisk SCA Technology
Kiodynos Sinergetica
Kisters Sisu Group
Kynetix Soflutions
KYOS Softsmiths
Likron Soptim AG
Marango Square Four
Markit Talman Solutions
Microstep Tech Mahindra
Mineman Systems Tegos
Momentum3 Three Rivers Cotton System
Murex Tradepaq
OATI Tradex
P2 Energy Systems TransGRAPH Consulting
PCR Transition Technologies
PerfectChannel Trayport (Visotech)
Planlogic Unicorn Systems
Powel Utilidex
Power Settlements Utiligroup
Progressive SW Virtimo
Qbill Volue
Quantrisk

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About Commodity Technology Advisory
About Commodity Technology Advisory LLC

Copyright 2021 Commodity Technology Advisory llc 182 | P a g e

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