Tags: best ctrm, Best Risk management software, commodity trading & risk management-CTRM, Energy Trading and Risk Management-ETRM, Pioneer Solutions, risk management, soft commodity trading
While recognizing its importance to an efficient and effective trading process, for many trading firms it still takes a laborious and manual effort to know who their approved counterparties are, which products they can trade, and to access certification and compliance paperwork. The quality of products delivered as well as increasing food safety legislation, require proper controls to protect reputations and comply with regulatory rules. At the same time, when those controls are inefficient they will impact the business. In an age of digitalization, the successful commodity trading firms have automated this. Do you have your trading partners’ information and offering at your fingertips, or is this a Soft Spot for you?
Tags: C/ETRM, energy industry, energy regulation, Energy Trading and Risk Management-ETRM, ETRM, ETRM software, Europe, Pioneer Solutions, Power, REMIT, TRMTracker
Wholesale energy markets have never been easy and when global deregulation started over 20 years ago, energy trading became more complex giving rise to information technology solutions to address the risks with energy trading: Energy Trading and Risk Management (ETRM) systems.
It was essentially the first message that the use of ETRM systems was the prudent way to help market participants manage complex risk scenarios and effectively trade and manage energy transactions from trade capture to delivery and settlement. Following several years of economic hardship due to the 2008 global financial crises, market participants now face an environment of ever-emerging rules, the effects of renewable energy and competitive pressures.
It is with an effective ETRM system that market participants can respond to three main challenges: Increasing complexity and workload, contain operating cost, and regulatory requirements.
Tags: Dodd-Frank Act, Energy Trading and Risk Management-ETRM, Keystone, Nuclear reactor
Welcome to July’s Top 10 energy and risk news highlights.
The goal of this series is to provide a brief list of the top news stories each month for the energy and commodities trading and risk management industries. These stories come from some of the industry’s top sources spanning from Bloomberg Businessweek to Oilprice.com.
Tags: adhoc reporting Etrm -Ctrm, Best Ctrm Software, best Etrm system, Energy Trading and Risk Management-ETRM, OLAP cube reporting, SAS ETRM reporting system
Business Intelligence -BI for ETRM- Improve Your Companies Performance Metrics
Chances are your ETRM system provides inadequate reporting? Chances are that your company has had to build a “data warehouse” on top of your ETRM to support management and additional reporting needs. Chances are that this step has required significant IT investments.
Tags: Best Ctrm Software, best Etrm system, Best Risk management software system, Commodity Trading and Risk Management-Ctrm, Ctrm-Etrm architecture, Energy Trading and Risk Management-ETRM, Risk management software
Formula-driven Vs. Hard Coded ETRM Architectures- Differences & Benefits
With a host of options, features, functions, benefits and architectures available in the C/ETRM software space there remains some important differences to consider when embarking on a C/Etrm software system purchase. First, let’s distinguish the difference between hard coded software (Traditional Etrm Software) and new template-based and/or formula-driven architectures.
Tags: Best Ctrm Software, best Etrm system, Energy Trading and Risk Management-ETRM, ETRM software
1. Total Cost of Ownership- If you don’t consider this in your evaluation you are in for a real shocker. Change management in an ever evolving regulatory landscape means that your Ctrm-Etrm system will have to be constantly evolving as well, this is where the hidden costs will get you. Remedy, consider newer technologies that require “No Coding Needed” (no consulting needed) for change mgmt. this will save your budgets in the long run and your IT department will thank for you for not stretching their resources.
Tags: Best Risk management software, Energy Trading and Risk Management-ETRM, ETRM front office, ETRM software, TRMTracker
Pioneer has made significant improvements to its premier, Top-rated Commodity, Energy Trading & Risk Management – C/Etrm enterprise software solution called “TRMTracker” :
TRMTracker is a comprehensive, enterprise C/Etrm software solution for companies with physical and financial commodity exposure. TRMTracker’s advanced, all web-based architecture is ideal for companies that are looking to upgrade their trading and risk systems with the latest C/Etrm technology.
The recently enhanced front-office is designed to improve the user, trader experience, including the ability to move, hide and rename input fields for a more personalized user experience. “This improvement greatly enhances the trader experience allowing them to easily customize the already easy-to-use deal entry templates,” said Bill Molnar, Pioneer’s Director of ETRM & EMIS Solutions for the America’s.
Tags: best commodity trading & risk management-CTRM, Best Risk management software, credit risk management system, CTRM, Energy Trading and Risk Management-ETRM
Pioneer Solutions “TRMTracker”- Advanced Technology for C/ETRM
Pioneer Solutions’ Mission is to provide leading-edge, enterprise-wide, energy and commodity risk management and trading C/ETRM software solutions to our clients. Serving the largest utilities in the US and in Europe, our new enterprise C/ETRM technology platform is designed to easily configure to the way you manage and report your trading business. Our state-of-the-art, formula and template-driven technology platform fully supports straight-through of any and all derivatives and commodities both physical and financial. TRMTracker is a cost-effective solution that can be hosted or installed on internal servers.
Tags: derivative hedge accounting software, Energy Trading and Risk Management-ETRM, FAS 133, FAS Software, FASB 157-133, hedge accounting software, Hedging strategy
Is your Derivative Hedge Accounting-Fas 133-157 process fully automated? Making a Case for Automating your Derivative Hedge Accounting Processes -Fas 133, 157 and IAS39 automation
Derivative hedge accounting standards such as FAS133, FAS157 and IAS39 along with disclosure requirements are here to stay although discussions on convergence and simplification continue to occur. Anybody who has implemented a derivative accounting process can vouch that compliance can be a daunting, complex and laborious task.
Tags: commodity trading & risk management-CTRM, Ctrm business case, Dodd-Frank Act, Energy Trading and Risk Management-ETRM, Etrm business case, ETRM software
Part 1 “Building a Business Case for a New Ctrm-Etrm System”- Meeting Dodd-Frank Requirments
So you’re frustrated with or you need to make some tough decisions about your current commodity energy trading and risk management Ctrm-Etrm system and/or you’re trying to build an internal business case for a system upgrade or replacement of your C-Etrm software.