Spreadsheets in Commodity Trading

Alarming New Commodity Technology Advisory LLC Report Released Houston, TX, USA and Prague, Czech Republic, February xxth 2015. A new study from Commodity Technology Advisory LLC (ComTech) finds that spreadsheets continue to be a pervasive tool used in commodity trading firms, despite their well-known shortcomings and high risk profile. This new research report sought to quantify the use and risk of spreadsheets in commodity trading, and the results indicate that more than 90% of the respondents to the research survey indicated they continue to utilize spreadsheets for some portion of their trading activities. “Despite the growing maturity of commercially available Commodity Trading and Risk Management software (CTRM) solutions, an increasingly active regulatory business environment and, the alarming number of horror stories involving spreadsheets in historical losses, mistakes and fraud, spreadsheets seem difficult to eliminate,” said Dr. Gary M. Vasey, Managing Partner, ComTech. “This research, prompted by the current round of regulation and controls, looks at the use of spreadsheets in commodity trading to discover how widespread and pervasive they are and why.” The report, which is available for free download at both the Commodity Technology Advisory website (www.comtechadvisory.com) and also leading portal for commodity trading technology – the CTRMCenter (www.ctrmcenter.com) … continue reading

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