Ignite ETRM, a leading provider of natural gas, crude oil and energy trading and risk management (ETRM), has been named as a best cloud-based CTRM/ETRM software vendor in Energy Risk’s Software Rankings report 2017. A global survey made up of responses from oil, gas and electricity firms with validation by Chartis Research using its RiskTech Quadrant methodology.
Ignite ETRM is a relatively new player in the market. Having been created by seasoned oil and gas and commodity-trading experts who identified a gap in the market for a risk management solution for small to mid-sized trading firms. It has spent the last few years investing in its technology and refining its offering to key, founding customers. It now provides both cloud-based and on-premise modular commodity and energy trading and risk management software solutions to customers, globally.
George Bradshaw, managing director of Ignite ETRM comments, “This ranking is testament to how far we have come as a business in a short space of time. It’s great to be recognised as a leading player, amongst great company in this survey.
Small to mid-sized commodity trading firms have long been priced out of risk management software. Instead, choosing to manage their client portfolio on spreadsheets and potentially stifling their own profitability and growth prospects. Through Ignite ETRM’s products, they now have the ability to comprehensively mitigate price, credit, commodity, and compliance risks and compete against larger, established trading firms without the threat of operational risk hanging over them.”