AspectCTRM is uniquely positioned at a much more affordable price point, allowing just about any size company to benefit from leading trade, risk, and operations software that can be leveraged enterprise-wide globally, says Aspect CEO Steve Hughes.
Houston, TX (PRWEB) January 26, 2016
Cloud CTRM pioneer Aspect continued to disrupt the global market in 2015, posting $9.6 million in new contracts, a 71% increase over the previous year.
Aspect’s lower cost and cloud-based anywhere-delivery options drove the near record performance as squeezed margins made trading operations around the globe focus on the cost of their legacy client-server support systems.
In addition to extending existing deployments of its AspectCTRM solution at existing customers, Aspect secured new wins right across the spectrum in commodities and energy from start-ups to industry giants. Gains included Aegean, Elliptical, Hess, Essar, Interchem, The Klesch Group, Chemium, Gyxis, Sasol, Nesta, and Sumitomo. Aspect also won more business for its AspectDSC real-time and historical market prices and trading tools, which was particularly strong in the metals trading segment.
Aspect CEO Steve Hughes said that 2015 had been an alarming and depressing time for many of Aspect’s competitors as low commodity prices led to a downturn in sales of their ETRM and CTRM software. Meanwhile Aspect had welcomed a raft of trading houses migrating to Aspect’s matched or better functionality at a lower cost, thanks to its faster-to-implement cloud architecture. “As they themselves are telling us, AspectCTRM is uniquely developed and positioned at a much more affordable price point, allowing just about any size company to benefit from leading trade, risk, and operations software that can be leveraged enterprise-wide globally.
“We’re continuing to develop our solutions, this year adding refinery modeling for risk management, and major improvements for back office, operations, gasoline blending, and base, precious and concentrate metals. We’ve also talked about ‘Any Cloud’ which is unique in this industry and will allow our customers the choice of where they host their CTRM - in our cloud, their private cloud or a public cloud like Amazon, Microsoft or Google. This is truly innovative and is only possible because of our flexibility and modern architecture.”
Now enhancing its commodity sets in metals and physical oil and agriculture, and expanding into natural gas trading, Aspect also launched its new AspectSTP functionality for CME trades, which allows companies to stream their trades made on the exchanges through to AspectCTRM with straight-through-processing. New exchanges will come online later in this year.
Aspect is a leading global provider of multi-commodity trade, risk and operations management applications delivered Software-as-a-Service (SaaS) in the cloud. With almost 500 customers in 90 countries, it’s one of the fastest growing providers with rapid deployment, affordable subscriptions, and immediate ROI for all size companies. Solutions include AspectCTRM®, a full-featured commodity trading and risk management enterprise suite for front, middle and back office. It’s available in three editions: Lite, Standard and Enterprise, expanding in functionality according to the needs and budgets of clients. Aspect is the only ETRM/CTRM solutions provider with market data and analytics tools delivered with its trade and risk functions on the same platform. This provides users with a seamless packaged solution beginning with pre-trade pricing analysis and market assessments via AspectDSC. Aspect’s solutions are available on desktop, tablets and mobile devices and through its new Aspect Partner Program (APP).