CTRM systems 2024: market update and vendor landscape
Non-energy commodities are experiencing an important moment in their development, as large new ecosystems emerge (such as that around ferrous metals) and certain commodities become more liquid. At the same time, commodity trading and risk management (CTRM) systems have become more sophisticated and formalised, and are increasingly converging with enterprise resource planning systems. However, Chartis expects the CTRM market to remain fragmented to meet the variety of requirements in the CTRM space.
In many ways, CTRM and energy trading and risk management (ETRM) systems are part of the same continuum. The key issue concerns definitions. With that in mind, this report contains four quadrants:
- Physical oil
- Physical gas
- Metals
- Soft commodities
It considers different applications in each category and addresses the market and vendor dynamics to determine the long-term and structural impacts of the overarching market evolution on the technology stack.
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