Energy trading and risk management (ETRM) software, and its commodities cousin CTRM, have been improving significantly over the past few years, as firms have set out to use technology to better understand their positions and risk exposures. Because of that, the software industry has been flooded with tools claiming to offer the best in market. Aspect, which has grown significantly during that period, has evolved with the market and its flagship product, AspectCTRM, continues to be regarded highly across trading markets. The tool offers trade, risk, operational and financial management application, which are delivered both individually and as integrated components.
The system is cloud-based, but on-premise deployments are also available. AspectCTRM offers front-, middle- and back-office support across multiple commodities, including crude oil, petroleum products, biofuels, coal, metals and a number of agricultural products. With the breadth of offering, the tool has been taken up by large and smaller market participants alike, pushing older systems out of the area.
Aspect’s offering is felt across the globe, with AspectCTRM being used across multiple geographies. In 2016, the company took on a record number of new clients, with 2017 starting off brightly. A number of existing clients have extended their deals, paying homage to Aspect’s position in the market, high-quality product and customer service. The firm’s clients represent a diverse range of market participants, with a variety of demands within risk management.
According to the company, it stays ahead of the competition by speaking with clients on individual needs and weighing up the changing market paradigms across the commodities spectrum. And by staying ahead of the curve, the company’s teams attempt to pre-empt the next stage in ETRM/CTRM technological requirements.
The week on Risk.net, December 9–15 2017Receive this by email