Aspect : Houston Office Delivers Growth For Aspect Cloud CTRM

Houston Office Delivers Growth For Aspect Cloud CTRM

January 30, 2017

Penetration of the ultra-competitive US market for trade and risk management software by cloud pioneer Aspect is accelerating. The company's creation of a dedicated sales and support unit in Houston 24 months ago has led to a series of ground breaking deals with trading houses right across the spectrum.

From small start-ups to established global heavyweights, Aspect's Houston office signings have come as trading operations seek to reconcile the need to grow revenues and improve flexibility at the same time as cutting costs. Companies include Elipitical, Aegean, AOT, Chemium to name a few.

'The pressure on oil prices has made loss-making trades a real possibility, so a focus on the detail is absolutely essential. With margins so tight, traders need a real-time view of the entire transaction chain. Only AspectCTRM with its in-memory database and access from anywhere has the answers to this new reality,' observes Shesh Davis, Aspects's Americas managing director.

'Organizations are moving to the cloud having found out that old-style on-premises ETRM and CTRM solutions are no longer fit for purpose.'

Announcing the booking of the 16th deal since the office was opened, Davis revealed that one global trading firm had signed a second time to complement its 2015 deployment of AspectCTRM with a roll-out of Aspect's market data and news portal, AspectDSC.

The year also saw the Houston office win its largest ever contract with a $1.2m subscription and services deal with a Europe-owned specialist in maritime transport and the physical distribution of oil and natural gas products.

About Aspect

Aspect is the 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 Aspect Partner Program (APP).

Media Contact

Brigette Gebhard
Aspect
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