A component of the European Regulatory study conducted by ComTech advisory and ETR Advisory was to survey the market regarding overall preparedness for the regulations. The following report outlines the results of that survey providing analysis and discussion of those results. It should be read in conjunction with Part 1 of our study, which is available for download at European Commodity Market Regulations Part 1
The survey was conducted from August 7 to November 25, 2013. We used email requests, direct calling, articles, blog articles, and website pop ups and banners to drive responses as well as asking vendors in the space to solicit responses from their clients. Despite this and the length of time that the survey was open, we experienced a very poor rate of response and in the end; we managed to collect some 42 responses in total but eliminated 11 incomplete or invalid responses to be left with 31 usable responses. Software vendors and/or consultants submitted the responses deemed to be invalid, or the responses had missing or invalid email addresses that prevented validation of the identity of the respondent.
In order to increase the number of survey responses, we also used telephone interviews entering their responses ourselves and omitting to record their contact details. In this way, the anonymity of the respondent was guaranteed; however, we knew the responses to be valid for the purposes of the study.