Software-as-a-Service (SaaS) technology firm, IGNITE CTRM, announced today that interest in its commodity trading and risk management (CTRM) cloud software has grown with year-over-year users increasing by more than 115%, and revenues up over 500% since 2018. New deals are coming from every region of the world with its newest oil trading clients, both Alvari Group and Centurion Group headquartered in Geneva, 7 Seas B.V. in Rotterdam, and Turkey-based bunker fuels trader Unerco. COVID-19 is not slowing or stopping implementations, as the IGNITE cloud enables quick, out-of-the-box virtual deployment and secure logins via the web. “Our clients are reporting growth, and that’s good news for us. Our Q4 projections remain positive as many trading markets continue to thrive, and system selection for small and mid-size trading firms is increasingly important. As our software continues to advance and our customer base increases, we are accelerating our marketing and brand awareness in an effort to further drive momentum,” says IGNITE CTRM CEO Shawn Wegner. For start-ups and mid-market commodity trading companies, IGNITE CTRM provides the necessary tools to manage trade portfolios, storage, logistics, credit risk, and other critical activities. These companies have the same responsibilities to their clients, investors, and lenders as… continue reading
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Source: CTRM Center