Meeting the pace of change

Energy trading is advancing so quickly it's sometimes difficult for software to keep pace. Energy Risk's software survey reveals almost half of respondents changed systems in 2006. David Watkins reports

Demand for increasingly sophisticated energy trading and risk management (ETRM) software grew significantly in 2006, spurred by the need to manage volatile energy prices and the spread of more sophisticated structured trading.

"We've seen significant development acceleration in the last 12 months," says James Kemp, managing director of Stentra, a specialist financial markets technology consultancy. "I could reel off at least five major software implementations for major banks that are happening

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