Aspect Posts Strong Year As Commodity Prices Drive E/CTRM Users To The Cloud

(Aspect Press Release) 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

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Source: CTRM Center

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