CTRM SYSTEMS
means that our customers can develop and implement these capabilities without losing the IP on their own unique selling points,” [Contigo]. “Energy companies are placing greater emphasis
on executive awareness, internal controls, approvals, notifications, workflows, audit, and reporting capabilities,” [Allegro]. Decision Metrics expands the access of executives and trading managers to trading and key risk performance indicators via any web browser or tablet device. Critical KPIs in the energy and commodity markets often include market exposure, position analysis, counterparty exposure, liquidity exposure, and trader performance. “With tablet-based access, these metrics are more easily available to non-traditional users of trading and risk systems, including the executive level and other staff,” [Allegro].
Innovating E/CTRM SOA
Software as a Service (SaaS) and cloud computing
Centralized data exchanges Incorporation of Social Media (IM)
Peer to Peer electronic trading/data exchange
Open Source solutions Source: CommodityPoint Gartner and others predict a steep
Regulatory Response Requirements Regulatory change has been a permanent feature of all
deregulated energy markets. However in the last five years energy market participants have been hit from two sides, with increasing energy and fuel costs compounded by the global financial crisis. “Regulatory changes such as Dodd-Frank in the US, and
REMIT with the EU, require organisations to be increasingly transparent about their operations. While many of the regulatory requirements relate to improvements in business process and compliance, the CTRM platform is increasingly looked at to augment these processes,” [Contigo]. “Customers are looking for a secure, robust and fully audited
platform as a base, with appropriate regulatory reporting and transaction management to ensure it provides a sophisticated compliance solution,” [Allegro]. “We intend to ensure that all of our customers are well prepared for a smooth transition as reforms come into effect – just as we have done with many other regulatory initiatives over the last two decades.” “We are in regular touch with all our clients to ensure we are
clear about changes in their processes and regulatory impacts on their day-to-day business and operations. We are responding by providing new reporting capabilities to show compliance with various regulatory frameworks and, where needed, changing the system workflow to comply,” [Aspect].
Use of Cloud-Based and SaaS Applications “We are seeing a rise in interest, particularly in smaller power
and gas utilities, petroleum companies, and exploration and production firms,” [Allegro], who’s software has been available as a SaaS offering for several years. “We expect further growth and investment by Allegro in this area.” “The trends are changing and every one wants to reduce their
risks and costs, especially under weak economic conditions. Also gone are the days when anyone wants to spend huge amount of effort and cost on infrastructure (software and hardware). In addition, many companies are spread globally and need one system that can support traders anywhere and everywhere. Only a true cloud-based and SaaS system can really achieve this at a low cost,” [Aspect].
rise in the adoption of cloud solutions. “Our own experience supports this where we grew the CTRM business by 31% in 2011 and didn’t lose a single deal to the competition. No hardware, no software, and no IT people to look after it all is compelling to many companies,” [Aspect]. Contigo also sees this as a key area
for growth within the sector. “We are at the forefront of cloud and SaaS delivery, as our application set is fully web-services based and our enTrader application suite is delivered entirely through a customer’s internet browser.” As part of most implementations,
Gartner and others predict a steep rise in the adoption of cloud solutions
Contigo provides SaaS access to the product being implemented to assist in familiarisation, training and implementation activities. “We anticipate that natural
barriers to change, such as security and reliability concerns, will come down as cloud is adopted more widely within the enterprise over the next 2-3 years,” [Contigo].
Architectural Requirements/ Challenges “Fortunately, Allegro already
has one of the most advanced technology architectures in the ETRM marketplace and is well suited to cover
June 2012 55 Future? Realised
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