energycioinsights

Leading the CTRM Landscape with Innovative Technologies

By Energy CIO Insights | Thursday, January 31, 2019

Brigette Gebhard, VP of Product Management & Marketing

Due to technological changes in the commodity industry, many companies have been rapidly shifting from on-premise commodity trading and risk management to cloud-based systems. In order to reduce costs and improve technological infrastructures, energy, and commodity-trading, firms have also been increasingly embraced cloud technologies.

"AspectCRTM is most often chosen by trading firms for the proven strength of its risk management functionality and speed and performance of the underlying architecture."

Commodity Technology Advisory predicts that the total amount spent on commodity trading and risk management product will increase from 4 percent to 18-20 percent. Moreover, it outpaces “traditional” on-premise installs. Many global providers have been working effectively in the commodity industry.

ION is the best global provider of trading, analytics and risk management solutions in the commodity industry. ION software helps the customers to improve the enterprise’s efficiency, decision making, and simplify complex processes. The main aim of ION is to provide three main services which include automation, execution, and imagination. ION also offers distinct treasury management systems starting from basic to an advanced digital journey of on-premises to cloud. In 2018, the Vendor perception study recognizes ION in the top priority list.  The Vendor Perception study is conducted once in two years.

The report covers commodities like natural gas, crude oil, power, and petrochemicals. During the survey, many leaders responded to ION’s three brands namely Openlink, TriplePoint, and Aspect. But, around 80 percent of the customers responded to OpenLink solutions. It scores the highest for risk and commodities management, whereas Aspect tops in providing leading cloud solution and doubles the implementation rate. TriplePoint has achieved top scores in the cross commodities like crude oil and other bulk commodities.

Brigette Gebhard, VP of Product Management & Marketing says, “AspectCRTM is most often chosen by trading firms for the proven strength of its risk management functionality and speed and performance of the underlying architecture.” ION provides mobile apps for all three brands. The three brands will be up to date with the new features and enhancements in every upgrade. ION’s innovative scripting tools allow continuous configuration rather than time-consuming code customization.

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