Utilizing Technology to Improve Trading Profitability and Reduce Risks White Paper

By CommodityPoint, a division of UtiliPoint International

Abstract

This white paper explores the need for innovative technology in the ever-changing energy trading industry. High volatility and rapidly escalating prices present a variety of challenges in today’s trading organizations. Traders must be able to identify and execute strategies quickly and efficiently, while also managing the associated risk.

The systems and processes of the past are no longer sufficient in this environment. Real-time optimization, instant transparency into portfolios, and advanced analytics for improved decision-making have become necessities in order for companies to be profitable.

Energy trading and risk management (ETRM) solution providers have begun adopting a Service Oriented Architecture and utilizing a Grid Computing environment that enable traders to calculate key metrics and trading strategies rapidly and with confidence.

This paper discusses the various needs and challenges the industry is facing and how, with technology, companies can make efforts to improve their profitability and reduce risks.

About the Author:

Patrick Reames
Vice President, CommodityPoint

CommodityPoint, a division of UtiliPoint International, provides Commodity Trading & Risk Management (CTRM) research, analysis and consulting services. Their services bring insight into business issues, trends, processes and technology, to utilities, energy companies, banks, brokers, funds, investors and vendors that enhance their competitive position and support critical business decisions.

Mr. Reames has more than 30 years of energy industry experience. He has a deep understanding, developed through hands-on experience and managerial oversight, of upstream and midstream oil and gas operations including exploration, production, gathering, gas plant operations and pipeline operations. Additionally, he has 5 years of energy commodity trading, transportation, and risk management experience with Hess Corp. (formally known as Amerada Hess), a Fortune 100 integrated energy marketing company. Over the last ten years, he has been focused primarily on information technology serving energy trading, marketing, and risk management.

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