New Japanese trading house Gyxis, created earlier this year when four established energy companies integrated their LPG operations, is being powered by the cloud-based AspectCTRM trade and risk management solution, it can be revealed today.
Starting from a clean sheet with no legacy systems in place, AspectCTRM has enabled Gyxis to ramp up to benchmark position keeping, risk management and profit and loss analysis with minimum delay. From day one the Aspect solution has supported Gyxis staff as they trade propane and butane on the Asian and American markets - from purchase right through to sale along with exposure reporting and swaps for hedging purposes.
The decision to adopt Aspect was made by Gyxis following remote trials of the solution.
“We particularly liked the fact that Aspect has some great functionality as standard, especially the OLAP tool for position management – it is easy and intuitive to use,” said a representative of Gyxis.
“We were fortunate to have been granted a test run during the sales process, which was efficient and this led to a fast and headache-free deployment.”
Japan is continuing to be a highly significant market for AspectCTRM with trading houses including Mitsubishi willing to share with peers how Aspect’s ultra-fast deployment and feature-rich support for ETRM and CTRM trade and risk management tasks enable them to be agile and successful in highly competitive markets.
Aspect is a leading global provider of multi-commodity trade, risk and operations management applications delivered Software-as-a-Service (SaaS) in the cloud. With almost 500 customers in 90 countries, it’s one of the fastest growing providers with rapid deployment, affordable subscriptions, and immediate ROI for all size companies. Solutions include AspectCTRM®, a full-featured commodity trading and risk management enterprise suite for front, middle and back office. It’s available in three editions: Lite, Standard and Enterprise, expanding in functionality according to the needs and budgets of clients. Aspect is the only ETRM/CTRM solutions provider with market data and analytics tools delivered with its trade and risk functions on the same platform. This provides users with a seamless packaged solution beginning with pre-trade pricing analysis and market assessments via AspectDSC. Aspect’s solutions are available on desktop, tablets and mobile devices and through its new Aspect Partner Program (APP).