Achieving business agility through CTRM systems
Webinar: Openlink
This article was paid for by a contributing third party.
The panel
- Brynne Parker, Partner, Baringa Partners
- Matthew Wrigley, Engagement director, Professional services team, Openlink
- Jeremy Lock, Independent consultant
- Moderator: Stella Farrington, Senior writer, Commodities desk, Risk.net
Today’s narrow margins mean utilities and energy traders need to cut costs and improve efficiencies across the board, with standardising business processes key to lowering operational costs. Being nimble enough to move quickly into new markets and launch new products is essential for small start-ups and larger incumbents alike. A firm’s choice of commodity trading and risk management (CTRM) system will be crucial in the battle to become as agile as possible, and it is this business agility that will sort the winners from the losers.
Panellists discuss how the industry is responding to new pressures and what still needs to change. Key topics covered include:
- Market developments currently having the biggest impact on energy firms
- Industry standardisation – what has been done and how much more can be done?
- What energy firms are looking to achieve
- What firms should consider when building a business case for purchasing a new platform
More on Risk management
CRO interview: Shawnie McBride
NRG’s chief risk officer Shawnie McBride discusses the challenges of increasingly interconnected risks, fostering a risk culture and her most useful working habits
Increasingly interconnected risks require unified risk management
Operational risk is on the rise according to a Moody's survey, making unified risk management vital, say Sapna Amlani and Stephen Golliker
Energy Risk Europe Leaders’ Network: geopolitical risk
Energy Risk’s European Leaders’ Network had its first meeting in November to discuss the risks posed to energy firms by recent geopolitical developments
Energy Risk US Leaders’ Network: tackling volatility
Energy Risk’s inaugural US Leaders’ Network convened in Houston in October to discuss risk management challenges caused by geopolitical upheaval, policy uncertainty and volatility
LNG trading strategies set to change amid major market shifts
The global LNG market is on the brink of significant changes set to alter trading dynamics and market behaviour, say analysts
Why commodity finance is ripe for stablecoin
Digital currency brings cost efficiencies to financing, but its real benefit to commodity firms lies in making huge pools of new capital available, write Jean-Marc Bonnefous and Ronan Julien
US shutdown leaves commodity traders without key data
Commodity traders are ‘flying blind’ without Commitment of Traders reports
Energy Risk at 30: Learning from the past
Energy Risk looks back at the seminal events and developments that have shaped today’s energy markets
