Video: CTRM vendors weigh in on changing demand from energy firms

Firms cite impact of lower oil prices, M&A activity and financial regulation

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Low oil prices, merger and acquisition (M&A) activity and financial regulations are all having an impact on demand for commodity trading and risk management (CTRM) technology, said representatives of CTRM vendors at Energy Risk Summit USA.

 

Speaking at the event in Houston, Chuck McClure, director of energy marketing solutions at Quorum Business Solutions, said diminished oil prices, M&A activity and the US Dodd-Frank Act were major influences on energy firms’ software needs. To some extent, r