In an era of significantly tighter regulation and oversight of commodity markets, forward price curves have taken on a whole new level of importance. Internal and external auditors, as well as regulators, want to be certain that the valuations used to build up financial statements are irrefutable and truly represent fair value based on reliable data. Indeed, several of the regulations now in force also call for increased and better documented risk management processes, including mark-to-market and profit and loss calculations.
Increasingly, funding banks and shareholders also desire increased transparency into risk management for assurances and forward price curves are central to that function. No matter how good the risk management systems are, it is the data that they utilize that is key to good risk management, and market pricing is a key ingredient in that data. Furthermore, the forward curve requirements don’t just impact commodity trading and hedging operations, but also the treasury function.
In a previous paper1, Commodity Technology Advisory defined forward curves and looked at their uses and the source of the forward curve data in some detail. In essence, forward curves have three major uses.
CAS/R enables marketing users to browser and analyze competition in terms of pricing on specific products. Beyond competition insight, CAS/R offers powerful tools for actionable decisions on your pricing policies, loyalty programs, personalized offers and more.
Intelligent Online marketing
CAS/R can be defined as an analytics framework for modern online retailers offering a wide range of marketing applications including product management, market analysis, Business Intelligence and predictive modeling. It is based on a powerful pricing database against your product catalogue and the ‘market’.
CAS/R includes several additional components enabling real-time, activity-based proposal generation for existing customers, dynamic product pricing schemes, personalized discount models, interactive market analysis and the intelligent alerting suite.
Supplier financial stability and risk differentiation in turbulent times -sup...Thomas Tanel
There is a Darwinian effect occurring in the supply chain as Fortune 1000 companies cut weaker suppliers. The simple fact is that in today’s longer global supply chains, product
moves over greater distances and across more multinational borders than in the more localized supply chains of the past. In an era of wildly fluctuating commodity prices and security regulations, the coordination and execution required for international shipments has become
more of a challenge than in the past.
Matrix BI - centralized planning, budgeting, and forecasting solutionMariusz Kokoszkiewicz
Matrix for pharma is a centralized planning, budgeting, and forecasting solution that integrates financial and operational planning processes and improves business predictability. Suited to pharma sector it provides modeling framework regarding both internal and market data, allows managing the Company on each level of P&L statement.
List Price Management solutions (Flyer)Harald Petry
Pricing360 has developed a powerful list price management system, specifically designed for pharmaceutical companies. It is build modular with the latest Asp.Net Microsoft technology, enabling rapid customization and fast deployment. The workflow has been designed so it can be easy maintained and used on mobile devices. All modules are seamlessly integrated, enabling you to quickly assess the financial impact for any list price change or update contract prices.
Updated revision presentation covering price volatility in commodity markets and the economics of buffer stock "price stabilisation" schemes. designed for unit 1 micro course
CAS/R enables marketing users to browser and analyze competition in terms of pricing on specific products. Beyond competition insight, CAS/R offers powerful tools for actionable decisions on your pricing policies, loyalty programs, personalized offers and more.
Intelligent Online marketing
CAS/R can be defined as an analytics framework for modern online retailers offering a wide range of marketing applications including product management, market analysis, Business Intelligence and predictive modeling. It is based on a powerful pricing database against your product catalogue and the ‘market’.
CAS/R includes several additional components enabling real-time, activity-based proposal generation for existing customers, dynamic product pricing schemes, personalized discount models, interactive market analysis and the intelligent alerting suite.
Supplier financial stability and risk differentiation in turbulent times -sup...Thomas Tanel
There is a Darwinian effect occurring in the supply chain as Fortune 1000 companies cut weaker suppliers. The simple fact is that in today’s longer global supply chains, product
moves over greater distances and across more multinational borders than in the more localized supply chains of the past. In an era of wildly fluctuating commodity prices and security regulations, the coordination and execution required for international shipments has become
more of a challenge than in the past.
Matrix BI - centralized planning, budgeting, and forecasting solutionMariusz Kokoszkiewicz
Matrix for pharma is a centralized planning, budgeting, and forecasting solution that integrates financial and operational planning processes and improves business predictability. Suited to pharma sector it provides modeling framework regarding both internal and market data, allows managing the Company on each level of P&L statement.
List Price Management solutions (Flyer)Harald Petry
Pricing360 has developed a powerful list price management system, specifically designed for pharmaceutical companies. It is build modular with the latest Asp.Net Microsoft technology, enabling rapid customization and fast deployment. The workflow has been designed so it can be easy maintained and used on mobile devices. All modules are seamlessly integrated, enabling you to quickly assess the financial impact for any list price change or update contract prices.
Updated revision presentation covering price volatility in commodity markets and the economics of buffer stock "price stabilisation" schemes. designed for unit 1 micro course
The Importance of Real-Time Forward CurvesCTRM Center
The ability to manage and utilize accurate forward price curves has always been an important aspect of commodity trading and risk management -- indeed, it is at the very heart of price risk management. Despite this, the collection of price time series data and the creation, validation and maintenance of curves, has also always proven to be somewhat problematic – particularly in illiquid, thin and/or real-time markets.
Managing Forward Curves in a Complex MarketCTRM Center
Any company that owns commodities, either through production or merchant activities, needs to know not only the current value of those commodities based on market prices, but also needs to develop a view of the future value of those commodities during the time that they are projected to be held in inventory. Additionally, agreements to purchase commodities in the future must be accounted for, not only at their agreed or projected purchase price, but also during their anticipated holding period.
Commodity prices are constantly changing and are driven by market forces that are virtually impossible to predict with any degree of certainty. As such, accurately forecasting costs and price exposures is difficult at best, and particularly so now, given the rapidly changing supply and demand patterns that define the global commodity complex. Huge growth in demand for all commodities in Asia, the rapid rise of agricultural exports from developing countries in the Asia-Pac region, and the shale revolution that is driving unprecedented growth in US oil production, are all examples of the new dynamics that have fundamentally altered price formation in markets around the world. In this globalized and increasingly interconnected market-place, which is being constantly buffeted by economic uncertainty, predicting future prices is more difficult, but perhaps more important, than ever.
Considerations for an Effective Internal Model Method Implementationaccenture
In this Accenture Finance & Risk presentation we discuss an approach banks can use to develop, manage, and monitor a robust and effective Internal Model Method program. Learn more about the Accenture Finance & Risk Practice: bit.ly/2j2JD6X
Over the last several years, the phenomenal growth and expansion of wholesale commodity trading has begun to have a significant impact on both business practices and strategic thinking across commodity supply chains. Producers and processors of raw materials (commodities) and sellers of finished goods that rely heavily on commodity feed stocks have had to come to terms with a business environment of generally increasing and significantly more volatile prices for their raw materials. Despite some weakening in commodity prices on the back of a stronger dollar and increased supply recently, volatilities remain problematic and in the longer-term, prices will continue to increase as the global population continues to grow and as more of that population become consumers of goods.
Capital market firms are making decisions on which business lines, asset classes and services to keep and operate and which ones to exit. Regulatory reform and the
clearing mandate are driving the firms to consolidate their traditional exchangetraded derivatives (Futures and Options) and OTC derivatives into a single clearing
business, even while bi-lateral, uncleared derivatives will continue to co-exist with cleared products.
Leveraging the cloud for improved performanceCTRM Center
While delivery of applications and services in the cloud has been a part and parcel of business for over a decade, adoption of cloud-delivered CTRM applications (not to be confused with hosted solutions), has taken time to develop. However, the collapse in commodity prices and profitability over the last several years has incentivized firms in the commodities space to rethink their approach to acquiring and managing IT solutions.
With increasing market experience with these products, market activity over the last few years indicates that adoption of cloud CTRM solutions is increasing rapidly as the lower cost of entry, benefits of a pay as you go approach, and realization that the cloud can actually be more secure than on-premises, have all aided its growth.
Managing Supply Chain Complexity and ExposuresCTRM Center
The supply chains for bulk commodities, including agricultural, metals/ores and some energies, are complex – usually necessitating transportation and storage using trucks, trains, ships, barges, pipelines, and terminals/storage facilities. These movements, and the assets utilized to make them, introduce and accumulate both cost and risk to the commodities owners with each step in the chain.
Additionally, as these commodities transit the supply chain, they may undergo changes that will impact their value, both as traded commodities and as a stock or inventory. These events can include transformations to finished products (such as refining crude oil into numerous petroleum products or grains milled into flour) and repackaging from bulk loads into smaller containers such as bags for wholesale or retail sales.
everis Marcus Evans FRTB Conference 23Feb17Jonathan Philp
everis was Gold Sponsor of the Marcus Evans Conference ‘4th Edition: Impact of the Fundamental Review of the Trading Book’ at Canary Wharf, London on 23-24th February 2017.
This was a timely opportunity to catch up with banks and solution partners as we move into the implementation phase of Fundamental Review of the Trading Book (FRTB) programmes. We heard views and case studies across a range of topics including market risk methodology, operating model definition and data and systems architecture design.
Our presentation at the conference focused on the architectural challenges posed by FRTB.
The Evolution of Digital Control Towers in Supply ChainTredence Inc
Corporations today want to leverage useful applications of the supply chain control tower. Organizations have copious amounts of data across their supply chain and related functions.
Learn more: https://www.tredence.com/solutions/supply-chain-control-tower
price discounting strategy. As a result, the hotel decided to focu.docxChantellPantoja184
price discounting strategy. As a result, the hotel decided to focus on the government market because of the hotel's location.
The government market is price-sensitive (there is an allowable per diem) and not as quality-conscious, and the hotel could selectively discount to this large-volume market. Once again, it is important to point out that marketing planning is a continuous process. Marketing managers must evaluate the situation and adapt to changes that occur. Evaluating the success of the marketing plan is the moment of truth. Managers develop a plan to increase the probability of success, and once the plan is implemented, it is important for management to monitor the results. Any variance from the predicted results should be identified, evaluated, and corrected.
As the environment changes or the results vary, management may need to return to the appropriate step to reformulate marketing strategy or the action plans. The marketing planning process continues as a dynamic procedure, with sufficient flexibility allowing for changes in strategies, action plans, or implementation schedules.
SALES FORECASTING
190 CHAPTER 5 DEVELOPING A MARKETING PLAN
SALES FORECASTING 189
One of the most critical components of a marketing plan is the forecast for sales. Sales forecasting is the process for determining current sales and estimating future sales for a product or service. The success of the firm often results from the accuracy of forecasts. The decisions about the elements of the marketing mix—product-service mix, price, promotion, and distribution— that are made during the situation analysis are based on sales forecasts.
Sales forecasting The process for determining current sales and estimating future sales for a product or service.
Sales Forecasting Techniques
Sales forecasting techniques are separated" into two broad categories: quantitative techniques and qualitative techniques. Quantitative techniques use past data values and employ a set of rules to obtain estimates of future sales. Qualitative techniques rely on judgment or intuition and tend to be used when data are not readily available. Quantitative methods can be further classified as either causal or time series. Both types of quantitative methods use trends in historical data to predict future sales; however, causal analysis techniques establish a cause and effect relationship between variables and the results. Using historical data to establish the relationship between sales and other factors that are believed to influence sales. These techniques model the relationships
Expert opinion
Marketers look to a panel of experts with knowledge of the industry and the marketplace to provide a forecast.
Delphi technique The Delphi technique involves collecting forecasts, developing composites, and sending the data to those participating several times until a consensus results.
Sales force forecast
This technique aggregates the sales forecast of each .
CTRM - The Next Generation - ComTechAdvisory Vendor Technical UpdateCTRM Center
There is no doubt that technology has undergone a sea-change over the last decade or so potentially making it possible to build and deploy software faster and more cost-effectively while offering a host of features that help users to work smarter, faster and with less opportunity for error. Additionally, the way that applications are designed and built has also changed to take better advantage of these technologies. While arguably there is no single technology that facilitates a paradigm shift in Commodity Trading and Risk Management (CTRM) software, when you combine advances in all areas of solution development and deployment technology, then such a leap forward is both likely and desirable.
Nowhere is the gap between the possibilities offered by these leaps in technology and what is available as commercial solutions more apparent than in the commodity trading and risk management software category. There are many aging, legacy, solutions still being utilized, marketed, and deployed and yet, this is an industry that is experiencing unprecedented demands and change, which in turn, are placing increasing demands on the software it utilizes. What most commodity firms are seeking is more agile software platforms that can allow them to adapt and evolve through these changes. This growing demand is also accentuated by the younger, more tech-savvy people entering the business whose expectations are not being met by many existing solutions.
Global Sugar - A Complex Market that Requires a Fit for Purpose CTRM SolutionCTRM Center
Sugar is a global commodity, with almost 180 million metric tons being produced in more than 120 countries each year. Though much of the sugar produced by these countries is consumed locally in food products or, increasingly, for ethanol production, the largest producing countries are often exporters as well and in total contribute 60-70 million metric tons delivered into the global market each year.
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Similar to Importance of Price Curve Management In A More Regulated Commodity Trading Environment
The Importance of Real-Time Forward CurvesCTRM Center
The ability to manage and utilize accurate forward price curves has always been an important aspect of commodity trading and risk management -- indeed, it is at the very heart of price risk management. Despite this, the collection of price time series data and the creation, validation and maintenance of curves, has also always proven to be somewhat problematic – particularly in illiquid, thin and/or real-time markets.
Managing Forward Curves in a Complex MarketCTRM Center
Any company that owns commodities, either through production or merchant activities, needs to know not only the current value of those commodities based on market prices, but also needs to develop a view of the future value of those commodities during the time that they are projected to be held in inventory. Additionally, agreements to purchase commodities in the future must be accounted for, not only at their agreed or projected purchase price, but also during their anticipated holding period.
Commodity prices are constantly changing and are driven by market forces that are virtually impossible to predict with any degree of certainty. As such, accurately forecasting costs and price exposures is difficult at best, and particularly so now, given the rapidly changing supply and demand patterns that define the global commodity complex. Huge growth in demand for all commodities in Asia, the rapid rise of agricultural exports from developing countries in the Asia-Pac region, and the shale revolution that is driving unprecedented growth in US oil production, are all examples of the new dynamics that have fundamentally altered price formation in markets around the world. In this globalized and increasingly interconnected market-place, which is being constantly buffeted by economic uncertainty, predicting future prices is more difficult, but perhaps more important, than ever.
Considerations for an Effective Internal Model Method Implementationaccenture
In this Accenture Finance & Risk presentation we discuss an approach banks can use to develop, manage, and monitor a robust and effective Internal Model Method program. Learn more about the Accenture Finance & Risk Practice: bit.ly/2j2JD6X
Over the last several years, the phenomenal growth and expansion of wholesale commodity trading has begun to have a significant impact on both business practices and strategic thinking across commodity supply chains. Producers and processors of raw materials (commodities) and sellers of finished goods that rely heavily on commodity feed stocks have had to come to terms with a business environment of generally increasing and significantly more volatile prices for their raw materials. Despite some weakening in commodity prices on the back of a stronger dollar and increased supply recently, volatilities remain problematic and in the longer-term, prices will continue to increase as the global population continues to grow and as more of that population become consumers of goods.
Capital market firms are making decisions on which business lines, asset classes and services to keep and operate and which ones to exit. Regulatory reform and the
clearing mandate are driving the firms to consolidate their traditional exchangetraded derivatives (Futures and Options) and OTC derivatives into a single clearing
business, even while bi-lateral, uncleared derivatives will continue to co-exist with cleared products.
Leveraging the cloud for improved performanceCTRM Center
While delivery of applications and services in the cloud has been a part and parcel of business for over a decade, adoption of cloud-delivered CTRM applications (not to be confused with hosted solutions), has taken time to develop. However, the collapse in commodity prices and profitability over the last several years has incentivized firms in the commodities space to rethink their approach to acquiring and managing IT solutions.
With increasing market experience with these products, market activity over the last few years indicates that adoption of cloud CTRM solutions is increasing rapidly as the lower cost of entry, benefits of a pay as you go approach, and realization that the cloud can actually be more secure than on-premises, have all aided its growth.
Managing Supply Chain Complexity and ExposuresCTRM Center
The supply chains for bulk commodities, including agricultural, metals/ores and some energies, are complex – usually necessitating transportation and storage using trucks, trains, ships, barges, pipelines, and terminals/storage facilities. These movements, and the assets utilized to make them, introduce and accumulate both cost and risk to the commodities owners with each step in the chain.
Additionally, as these commodities transit the supply chain, they may undergo changes that will impact their value, both as traded commodities and as a stock or inventory. These events can include transformations to finished products (such as refining crude oil into numerous petroleum products or grains milled into flour) and repackaging from bulk loads into smaller containers such as bags for wholesale or retail sales.
everis Marcus Evans FRTB Conference 23Feb17Jonathan Philp
everis was Gold Sponsor of the Marcus Evans Conference ‘4th Edition: Impact of the Fundamental Review of the Trading Book’ at Canary Wharf, London on 23-24th February 2017.
This was a timely opportunity to catch up with banks and solution partners as we move into the implementation phase of Fundamental Review of the Trading Book (FRTB) programmes. We heard views and case studies across a range of topics including market risk methodology, operating model definition and data and systems architecture design.
Our presentation at the conference focused on the architectural challenges posed by FRTB.
The Evolution of Digital Control Towers in Supply ChainTredence Inc
Corporations today want to leverage useful applications of the supply chain control tower. Organizations have copious amounts of data across their supply chain and related functions.
Learn more: https://www.tredence.com/solutions/supply-chain-control-tower
price discounting strategy. As a result, the hotel decided to focu.docxChantellPantoja184
price discounting strategy. As a result, the hotel decided to focus on the government market because of the hotel's location.
The government market is price-sensitive (there is an allowable per diem) and not as quality-conscious, and the hotel could selectively discount to this large-volume market. Once again, it is important to point out that marketing planning is a continuous process. Marketing managers must evaluate the situation and adapt to changes that occur. Evaluating the success of the marketing plan is the moment of truth. Managers develop a plan to increase the probability of success, and once the plan is implemented, it is important for management to monitor the results. Any variance from the predicted results should be identified, evaluated, and corrected.
As the environment changes or the results vary, management may need to return to the appropriate step to reformulate marketing strategy or the action plans. The marketing planning process continues as a dynamic procedure, with sufficient flexibility allowing for changes in strategies, action plans, or implementation schedules.
SALES FORECASTING
190 CHAPTER 5 DEVELOPING A MARKETING PLAN
SALES FORECASTING 189
One of the most critical components of a marketing plan is the forecast for sales. Sales forecasting is the process for determining current sales and estimating future sales for a product or service. The success of the firm often results from the accuracy of forecasts. The decisions about the elements of the marketing mix—product-service mix, price, promotion, and distribution— that are made during the situation analysis are based on sales forecasts.
Sales forecasting The process for determining current sales and estimating future sales for a product or service.
Sales Forecasting Techniques
Sales forecasting techniques are separated" into two broad categories: quantitative techniques and qualitative techniques. Quantitative techniques use past data values and employ a set of rules to obtain estimates of future sales. Qualitative techniques rely on judgment or intuition and tend to be used when data are not readily available. Quantitative methods can be further classified as either causal or time series. Both types of quantitative methods use trends in historical data to predict future sales; however, causal analysis techniques establish a cause and effect relationship between variables and the results. Using historical data to establish the relationship between sales and other factors that are believed to influence sales. These techniques model the relationships
Expert opinion
Marketers look to a panel of experts with knowledge of the industry and the marketplace to provide a forecast.
Delphi technique The Delphi technique involves collecting forecasts, developing composites, and sending the data to those participating several times until a consensus results.
Sales force forecast
This technique aggregates the sales forecast of each .
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CTRM - The Next Generation - ComTechAdvisory Vendor Technical UpdateCTRM Center
There is no doubt that technology has undergone a sea-change over the last decade or so potentially making it possible to build and deploy software faster and more cost-effectively while offering a host of features that help users to work smarter, faster and with less opportunity for error. Additionally, the way that applications are designed and built has also changed to take better advantage of these technologies. While arguably there is no single technology that facilitates a paradigm shift in Commodity Trading and Risk Management (CTRM) software, when you combine advances in all areas of solution development and deployment technology, then such a leap forward is both likely and desirable.
Nowhere is the gap between the possibilities offered by these leaps in technology and what is available as commercial solutions more apparent than in the commodity trading and risk management software category. There are many aging, legacy, solutions still being utilized, marketed, and deployed and yet, this is an industry that is experiencing unprecedented demands and change, which in turn, are placing increasing demands on the software it utilizes. What most commodity firms are seeking is more agile software platforms that can allow them to adapt and evolve through these changes. This growing demand is also accentuated by the younger, more tech-savvy people entering the business whose expectations are not being met by many existing solutions.
Global Sugar - A Complex Market that Requires a Fit for Purpose CTRM SolutionCTRM Center
Sugar is a global commodity, with almost 180 million metric tons being produced in more than 120 countries each year. Though much of the sugar produced by these countries is consumed locally in food products or, increasingly, for ethanol production, the largest producing countries are often exporters as well and in total contribute 60-70 million metric tons delivered into the global market each year.
Putting Data at the Heart of Energy TradingCTRM Center
In a digital world, data is King, and while energy and commodities have been going through a period of digitalizing for the last several years, there can be no doubt that coming up with data management strategies has also played an important, if not critical, role in those strategies as well. Indeed, this was strongly emphasized in Commodity Technology Advisory’s disruptive technologies research over the last few years, where more than half of all of those questioned in the industry.
US Dairy Markets – Digitalizing to address complexity and volatilityCTRM Center
US dairy markets are one of, if not the most, unique and complex commodity markets. Dairy production has unique physical characteristics not found in any other agricultural commodities, including continuous production, rapidly spoiling milk inventories, and multiple derivative products with a varying ability to store over time (i.e., fresh milk vs. cheese products).
Diversifying Into Renewable Energy: Challenges And OpportunitiesCTRM Center
The energy transition is the move away from fossil fuels towards renewable and sustainable forms of production and generation, in combination with increasing decarbonization (net zero) and electrification. The motivations behind the energy transition are primarily political, environmental, and increasingly, financial. Mostly, it is driven by Governments and international bodies (like the EU, which also sees renewables to increase its’ energy independence) through goal setting, provision of incentives, and legislation such as the US’s Inflation Reduction Act.
The push for decarbonization and ESG is also now being championed by large banks and financial institutions like Barclays Bank, who recently announced that it had tightened its financing rules and abandoned financing for oil exploration altogether. Over the last 12-months or so, geopolitics has played an ever-greater role in shaping the energy industry and the energy transition, as the fall-out from the Russia-Ukraine war has interfered with the energy transition agenda, resulting in soaring power and natural gas prices. This has wrought havoc with consumers and suppliers alike and stalled, or temporarily reversed, certain net zero initiatives, and encouraged the specter of market intervention.
The integration of trade and risk management solutions with the corporate accounting solution has long been an area of focus for commodity companies and software vendors alike. There are many apocryphal stories in the industry regarding trading profits that entitled trader’s to be paid large bonuses. Those trading profits then seem to evaporate when accounted for in the enterprise accounting system. These stories are symptomatic of a broader but important issue – that of integrating two sets of solutions to provide timely and accurate auditable results. Over the last three decades, many different approaches have been tried out and mooted to address and solve the problems. This paper will examine the problem and discuss potential solutions including highlighting the approach taken by Enuit.
How can your ETRM / CTRM solution help with creditCTRM Center
Current market conditions are forcing many firms exposed to commodities to perform a re-evaluation of their credit risk systems and business processes. As most commodity prices are extremely volatile and progressively rising through time due to issues like shortages, supply chain disruptions of various types including most importantly, political sanctions, increased demand and so on, default by a counterparty is seen as increasingly likely. Indeed, were it not for Government intervention, a few high-profile firms would already have defaulted. However, the need to manage cash more effectively is also driving an enhanced focus on credit risk as many commodity firms face huge margin calls from various exchanges and increased scrutiny by lenders. Importantly, the rapid emergence of regulations around ESG and carbon, whether planned or actual, are also having a huge impact on counterparty credit worthiness. As firms review their credit solutions, they are scrutinizing their ETRM / CTRM solutions and their role in managing credit risk as well.
In an era that is likely to be dominated by the energy transition, metals are set to become the new foundation of modern society. As more of everything is powered by clean electricity, demand for metals will pick up with everything from greater quantities of base metals needed to make batteries to store it all the way through to copper for the cables to carry it.
Other metals like iron in the form of steel, along with rare earth elements and speciality metals, will all also be needed in ever greater quantities to support electrification and construction. Metals like Lithium, Cobalt, Manganese, Zinc, Mercury, Silver, Cadmium are the key components of many types of battery along with Graphite in some instance.
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Renewable energy certificates or ‘RECs’ have become the currency of the renewable power industry, allowing power providers to expand their product offerings and offer ‘green’ power irrespective of whether or not they can physically generate it. RECs also assure consumers who opt to buy renewable power, that that power has either come directly from a renewable generator, or if a renewable generator is not servicing their facility, that it is offset in the market by power from a renewable source, such as wind, solar or hydro, in another geographic area.
Global Renewables Transition Requires Dedicated ETRM CapabilitiesCTRM Center
Renewable energy resource development is accelerating around the globe as the push to reduce carbon emissions continues to gain momentum.
As the pace of renewable energy expansion quickens, market participants will continue to adjust to the commercial and financial implications as well as production variability and intermittency, reliability, and grid stability. In this white paper we will explore the changing nature of power markets, the complexities that will challenge utilities, power off-takers and traders, and the critical ETRM systems they rely on to ensure profitability.
Global LNG Navigating Risks in a Dynamic MarketCTRM Center
Liquified natural gas (LNG) has been a traded commodity for more than a century. But only in the last couple of decades has the market expanded to meet the ever-increasing demand for energy, through low carbon emissions energy sources. With the development of the massive Qatar LNG facilities in the mid-1990s and the increasing demand for imported gas, global LNG trading has grown from about 50 MTPA in 1990 to more than 350 MTPA in 2020.
Most energy commodities struggled with lower trade and consumption volumes under the pandemic-induced industrial shutdowns in 2020. LNG trade was, however, up slightly at 0.4% during the year, continuing its uninterrupted streak of year-over-year growth since 1996. However, that growth was far below rates in the preceding years which averaged 7% since 2004.
Disruptive Technologies – A 2021 UpdateCTRM Center
In 2021, Commodity Technology Advisory LLC (ComTech) published its first Disruptive Technologies research report (that version kindly sponsored by FIS). Technologies covered in the study scope included cloud/SaaS, Artificial Intelligence (AI), Machine Learning (ML), big data, automation and blockchain, amongst others. The findings were supported by an industry survey that led to the broad conclusions that cloud/SaaS and data management initiatives were in flight. AI, ML and automation seemed to be prepping for an explosion of use while blockchain was overhyped and lagging. Over the last couple of years, our general market observations as analysts have largely confirmed the results of the research.
In all of its forms, risk management is rapidly growing in importance within the commodity asset class. It will only become even more critical and complex in the future. Driven by unprecedented levels of change in the industry ranging from geopolitics to carbon, effective risk management is shifting for many commodity firms from just another activity to be managed to a critical component of business strategy that helps drive and inform brand, gain financing and trust, and demonstrates proper controls.
Over the years, there has been a growing realization that building a commodity trading and risk management (CTRM) solution is not a trivial task. Indeed, quite the opposite. It is a hugely complex piece of software that can never seem to meet all the varied needs of all the different types of companies buying and selling commodities around the globe.
Reimagining Energy Trading and Risk Management (ETRM) With Advanced Delivery ...CTRM Center
ETRM systems are, by their nature, complex software products as the software must mirror the full complexity of the commodities industries, markets, and assets that they serve. Spanning from contract administration through invoicing and settlement, the business processes involved in commodity trading varies greatly. This variation is created by the unique combinations and nature of the physical or financial commodity or commodities traded, as well as by the industry segment (power generation/trading, gas production/trading, agricultural production/trading, etc.), the assets employed in the supply chain(s) and geographic differences (North American power vs. European vs. Japan, for example).
Risk and Compliance – Lessons learned and looking beyond the COVID-19 EraCTRM Center
While it is commonly believed that the pandemic was a black swan event, according to most risk experts it wasn’t. As they point out, the COVID Pandemic was an event that was foreseeable in its occurrence, though perhaps not in its timing. Despite being (thankfully) rare, these types of events do occur and bring with them an increased awareness of the importance of proper and holistic risk management practices, not only as it applies to external risks (as the pandemic was), but also commercial and internal risks as well.
2021 Trends in Agricultural and Soft Commodities TradingCTRM Center
Arguably, all commodity and commodity-exposed businesses are facing unprecedented change and disruption. These numerous challenges range from climate and carbon to COVID lockdowns and work from home, to managing geopolitical and operational risks through supply chains while seeking to digitalise, automate and increase efficiencies across the business.
While talk of a new commodities supercycle may be premature, global population growth and the resulting increased demand suggest rising prices and volatilities, especially in agricultural commodities. Companies need enhanced agility in such markets. It starts with a modern software platform that provides adequate visibility and control over the business, from managing physical movements to limiting risks and exposure.
Achieving Digitalization in a Document Intensive Energy MarketCTRM Center
As energy companies seek to become more efficient and agile in a rapidly changing marketplace fraught with risks, digitalization - the process of evolving from manual or analog processes to more efficient and cost effective digital processes by reducing the number of times data is touched and ensuring greater accuracy and more rapid movement of data and information throughout the enterprise – continues to attract attention from CIOs across the energy value chain.
The global market for CTRM (Commodity Trading and Risk Management) software solutions that cater specifically for metals and ores trading and risk management is the third largest among the major commodity groupings of energy, ags & softs, and metals, at an estimated $174m in expenditures in 2019 according to ComTech’s most recent market sizing report. It is also among the most complex of these markets in terms of its functional requirements, especially in areas like concentrates and ores. Complexity is also found throughout the supply chain. Perhaps these are just some of the reasons why the metals market for CTRM and CM (Commodity Management) software have been underserved by commercially available solutions in the past.
For most raw materials and commodities, the supply chain is both long and complex. Increasingly, firms have been focusing on these supply chains in an effort to better control operational risks and exposures, but increased geopolitical and other risks have now served to sharpened that focus even further.
Issues like COVID-19 lockdowns and trade wars, for example, have meant that managing sourcing, movements, processing, production, procurement, contracts, storage and other activities along complex supply chains more effectively not only reduces costs and improves profitability, but also helps ensure business continuity. Meanwhile, although CTRM (Commodity Trading and Risk Management) software applications that help manage trades and the risks associated with trading are seen as critical, the broader commodity management aspects around managing the supply chain more effectively are rightly gaining in importance.
Atelier - Innover avec l’IA Générative et les graphes de connaissancesNeo4j
Atelier - Innover avec l’IA Générative et les graphes de connaissances
Allez au-delà du battage médiatique autour de l’IA et découvrez des techniques pratiques pour utiliser l’IA de manière responsable à travers les données de votre organisation. Explorez comment utiliser les graphes de connaissances pour augmenter la précision, la transparence et la capacité d’explication dans les systèmes d’IA générative. Vous partirez avec une expérience pratique combinant les relations entre les données et les LLM pour apporter du contexte spécifique à votre domaine et améliorer votre raisonnement.
Amenez votre ordinateur portable et nous vous guiderons sur la mise en place de votre propre pile d’IA générative, en vous fournissant des exemples pratiques et codés pour démarrer en quelques minutes.
Launch Your Streaming Platforms in MinutesRoshan Dwivedi
The claim of launching a streaming platform in minutes might be a bit of an exaggeration, but there are services that can significantly streamline the process. Here's a breakdown:
Pros of Speedy Streaming Platform Launch Services:
No coding required: These services often use drag-and-drop interfaces or pre-built templates, eliminating the need for programming knowledge.
Faster setup: Compared to building from scratch, these platforms can get you up and running much quicker.
All-in-one solutions: Many services offer features like content management systems (CMS), video players, and monetization tools, reducing the need for multiple integrations.
Things to Consider:
Limited customization: These platforms may offer less flexibility in design and functionality compared to custom-built solutions.
Scalability: As your audience grows, you might need to upgrade to a more robust platform or encounter limitations with the "quick launch" option.
Features: Carefully evaluate which features are included and if they meet your specific needs (e.g., live streaming, subscription options).
Examples of Services for Launching Streaming Platforms:
Muvi [muvi com]
Uscreen [usencreen tv]
Alternatives to Consider:
Existing Streaming platforms: Platforms like YouTube or Twitch might be suitable for basic streaming needs, though monetization options might be limited.
Custom Development: While more time-consuming, custom development offers the most control and flexibility for your platform.
Overall, launching a streaming platform in minutes might not be entirely realistic, but these services can significantly speed up the process compared to building from scratch. Carefully consider your needs and budget when choosing the best option for you.
Custom Healthcare Software for Managing Chronic Conditions and Remote Patient...Mind IT Systems
Healthcare providers often struggle with the complexities of chronic conditions and remote patient monitoring, as each patient requires personalized care and ongoing monitoring. Off-the-shelf solutions may not meet these diverse needs, leading to inefficiencies and gaps in care. It’s here, custom healthcare software offers a tailored solution, ensuring improved care and effectiveness.
Artificia Intellicence and XPath Extension FunctionsOctavian Nadolu
The purpose of this presentation is to provide an overview of how you can use AI from XSLT, XQuery, Schematron, or XML Refactoring operations, the potential benefits of using AI, and some of the challenges we face.
Code reviews are vital for ensuring good code quality. They serve as one of our last lines of defense against bugs and subpar code reaching production.
Yet, they often turn into annoying tasks riddled with frustration, hostility, unclear feedback and lack of standards. How can we improve this crucial process?
In this session we will cover:
- The Art of Effective Code Reviews
- Streamlining the Review Process
- Elevating Reviews with Automated Tools
By the end of this presentation, you'll have the knowledge on how to organize and improve your code review proces
AI Genie Review: World’s First Open AI WordPress Website CreatorGoogle
AI Genie Review: World’s First Open AI WordPress Website Creator
👉👉 Click Here To Get More Info 👇👇
https://sumonreview.com/ai-genie-review
AI Genie Review: Key Features
✅Creates Limitless Real-Time Unique Content, auto-publishing Posts, Pages & Images directly from Chat GPT & Open AI on WordPress in any Niche
✅First & Only Google Bard Approved Software That Publishes 100% Original, SEO Friendly Content using Open AI
✅Publish Automated Posts and Pages using AI Genie directly on Your website
✅50 DFY Websites Included Without Adding Any Images, Content Or Doing Anything Yourself
✅Integrated Chat GPT Bot gives Instant Answers on Your Website to Visitors
✅Just Enter the title, and your Content for Pages and Posts will be ready on your website
✅Automatically insert visually appealing images into posts based on keywords and titles.
✅Choose the temperature of the content and control its randomness.
✅Control the length of the content to be generated.
✅Never Worry About Paying Huge Money Monthly To Top Content Creation Platforms
✅100% Easy-to-Use, Newbie-Friendly Technology
✅30-Days Money-Back Guarantee
See My Other Reviews Article:
(1) TubeTrivia AI Review: https://sumonreview.com/tubetrivia-ai-review
(2) SocioWave Review: https://sumonreview.com/sociowave-review
(3) AI Partner & Profit Review: https://sumonreview.com/ai-partner-profit-review
(4) AI Ebook Suite Review: https://sumonreview.com/ai-ebook-suite-review
#AIGenieApp #AIGenieBonus #AIGenieBonuses #AIGenieDemo #AIGenieDownload #AIGenieLegit #AIGenieLiveDemo #AIGenieOTO #AIGeniePreview #AIGenieReview #AIGenieReviewandBonus #AIGenieScamorLegit #AIGenieSoftware #AIGenieUpgrades #AIGenieUpsells #HowDoesAlGenie #HowtoBuyAIGenie #HowtoMakeMoneywithAIGenie #MakeMoneyOnline #MakeMoneywithAIGenie
GraphSummit Paris - The art of the possible with Graph TechnologyNeo4j
Sudhir Hasbe, Chief Product Officer, Neo4j
Join us as we explore breakthrough innovations enabled by interconnected data and AI. Discover firsthand how organizations use relationships in data to uncover contextual insights and solve our most pressing challenges – from optimizing supply chains, detecting fraud, and improving customer experiences to accelerating drug discoveries.
Essentials of Automations: The Art of Triggers and Actions in FMESafe Software
In this second installment of our Essentials of Automations webinar series, we’ll explore the landscape of triggers and actions, guiding you through the nuances of authoring and adapting workspaces for seamless automations. Gain an understanding of the full spectrum of triggers and actions available in FME, empowering you to enhance your workspaces for efficient automation.
We’ll kick things off by showcasing the most commonly used event-based triggers, introducing you to various automation workflows like manual triggers, schedules, directory watchers, and more. Plus, see how these elements play out in real scenarios.
Whether you’re tweaking your current setup or building from the ground up, this session will arm you with the tools and insights needed to transform your FME usage into a powerhouse of productivity. Join us to discover effective strategies that simplify complex processes, enhancing your productivity and transforming your data management practices with FME. Let’s turn complexity into clarity and make your workspaces work wonders!
Zoom is a comprehensive platform designed to connect individuals and teams efficiently. With its user-friendly interface and powerful features, Zoom has become a go-to solution for virtual communication and collaboration. It offers a range of tools, including virtual meetings, team chat, VoIP phone systems, online whiteboards, and AI companions, to streamline workflows and enhance productivity.
Mobile App Development Company In Noida | Drona InfotechDrona Infotech
Looking for a reliable mobile app development company in Noida? Look no further than Drona Infotech. We specialize in creating customized apps for your business needs.
Visit Us For : https://www.dronainfotech.com/mobile-application-development/
Do you want Software for your Business? Visit Deuglo
Deuglo has top Software Developers in India. They are experts in software development and help design and create custom Software solutions.
Deuglo follows seven steps methods for delivering their services to their customers. They called it the Software development life cycle process (SDLC).
Requirement — Collecting the Requirements is the first Phase in the SSLC process.
Feasibility Study — after completing the requirement process they move to the design phase.
Design — in this phase, they start designing the software.
Coding — when designing is completed, the developers start coding for the software.
Testing — in this phase when the coding of the software is done the testing team will start testing.
Installation — after completion of testing, the application opens to the live server and launches!
Maintenance — after completing the software development, customers start using the software.
Introducing Crescat - Event Management Software for Venues, Festivals and Eve...Crescat
Crescat is industry-trusted event management software, built by event professionals for event professionals. Founded in 2017, we have three key products tailored for the live event industry.
Crescat Event for concert promoters and event agencies. Crescat Venue for music venues, conference centers, wedding venues, concert halls and more. And Crescat Festival for festivals, conferences and complex events.
With a wide range of popular features such as event scheduling, shift management, volunteer and crew coordination, artist booking and much more, Crescat is designed for customisation and ease-of-use.
Over 125,000 events have been planned in Crescat and with hundreds of customers of all shapes and sizes, from boutique event agencies through to international concert promoters, Crescat is rigged for success. What's more, we highly value feedback from our users and we are constantly improving our software with updates, new features and improvements.
If you plan events, run a venue or produce festivals and you're looking for ways to make your life easier, then we have a solution for you. Try our software for free or schedule a no-obligation demo with one of our product specialists today at crescat.io
AI Pilot Review: The World’s First Virtual Assistant Marketing SuiteGoogle
AI Pilot Review: The World’s First Virtual Assistant Marketing Suite
👉👉 Click Here To Get More Info 👇👇
https://sumonreview.com/ai-pilot-review/
AI Pilot Review: Key Features
✅Deploy AI expert bots in Any Niche With Just A Click
✅With one keyword, generate complete funnels, websites, landing pages, and more.
✅More than 85 AI features are included in the AI pilot.
✅No setup or configuration; use your voice (like Siri) to do whatever you want.
✅You Can Use AI Pilot To Create your version of AI Pilot And Charge People For It…
✅ZERO Manual Work With AI Pilot. Never write, Design, Or Code Again.
✅ZERO Limits On Features Or Usages
✅Use Our AI-powered Traffic To Get Hundreds Of Customers
✅No Complicated Setup: Get Up And Running In 2 Minutes
✅99.99% Up-Time Guaranteed
✅30 Days Money-Back Guarantee
✅ZERO Upfront Cost
See My Other Reviews Article:
(1) TubeTrivia AI Review: https://sumonreview.com/tubetrivia-ai-review
(2) SocioWave Review: https://sumonreview.com/sociowave-review
(3) AI Partner & Profit Review: https://sumonreview.com/ai-partner-profit-review
(4) AI Ebook Suite Review: https://sumonreview.com/ai-ebook-suite-review
Utilocate offers a comprehensive solution for locate ticket management by automating and streamlining the entire process. By integrating with Geospatial Information Systems (GIS), it provides accurate mapping and visualization of utility locations, enhancing decision-making and reducing the risk of errors. The system's advanced data analytics tools help identify trends, predict potential issues, and optimize resource allocation, making the locate ticket management process smarter and more efficient. Additionally, automated ticket management ensures consistency and reduces human error, while real-time notifications keep all relevant personnel informed and ready to respond promptly.
The system's ability to streamline workflows and automate ticket routing significantly reduces the time taken to process each ticket, making the process faster and more efficient. Mobile access allows field technicians to update ticket information on the go, ensuring that the latest information is always available and accelerating the locate process. Overall, Utilocate not only enhances the efficiency and accuracy of locate ticket management but also improves safety by minimizing the risk of utility damage through precise and timely locates.
7. ABOUT DATAGENIC LTD
DataGenic is the leading global provider of on-premise and in-cloud Smart Commodity Data Man-
agement software, delivering intelligent analytics, real-time data content and proven business value.
The innovative solutions include a data-agnostic multi-commodity data management platform, visual mapping
and management of business processes, extensive and extensible data quality management, unlimited for-
ward curves construction and an intelligent decision framework. DataGenic customers include participants in
the energy, metals, minerals, chemicals, agriculture, shipping and food and beverage industries.
DataGenic operates in Europe, Asia and the Americas.
For more information, please contact DataGenic at:
AMERICAS: +1 281 810 8290
EMEA: +44 203 814 8500
APAC: + 91 802 662 2607
info@datagenicgroup.com
8. ABOUT
Commodity
Technology
Advisory
LLC
Commodity Technology Advisory is the leading analyst organization covering the ETRM and
CTRM markets. We provide the invaluable insights into the issues and trends affecting the
users and providers of the technologies that are crucial for success in the constantly evolving
global commodities markets.
Patrick Reames and Gary Vasey head our team, whose combined 60-plus years in the energy
and commodities markets, provides depth of understanding of the market and its issues that is
unmatched and unrivaled by any analyst group.
For more information, please visit:
www.comtechadvisory.com
ComTech Advisory also hosts the CTRMCenter, your online portal with news and views about
commodity markets and technology as well as a comprehensive online directory of software
and services providers.
Please visit the CTRMCenter at:
www.ctrmcenter.com
19901 Southwest Freeway
Sugar Land TX 77479
+1 281 207 5412
Prague, Czech Republic
+420 775 718 112
ComTechAdvisory.com
Email: info@comtechadvisory.com