(EnergyAsia, March 14 2011, Monday) — Asia-based clean petroleum products trader OiLive has begun using AspectCTRM, the Web-delivered trading and risk management solution from Aspect Enterprise Solutions (AES).

Focusing on the Asian markets, OiLive’s Singapore office trades in naphtha, gasoil, condensate, additives and chemicals and works closely with regional partners including refining companies.

The contract comes after another year of gains for AES which reported handling an increasing number of contracts from traders using its AspectCTRM solutions.

OiLive director I.S. Hwang said:

“AspectCTRM is a solution that’s reaching critical mass with so many deployments throughout our industry in both the northern and southern hemispheres. We created our trading operation with some very experienced people, all of them with strong networks of contacts and agents, and all of them with previous experience of different trading support solutions.

“For our operation, AspectCTRM is best of breed and helps us manage bulk information and mark to market profit and loss in a way that minimises risk.”

AES said that a key feature of AspectCTRM for mid-market trading operations is its any-to-many scalability and the way it can be deployed in days.

Legacy systems typically take a year or more to implement and often fail to effectively scale downwards to support smaller trading operations.

Even in a large scale fully end-to-end implementation, key elements of AspectCTRM, such as deal capture and risk analysis, can be in place, working and delivering value within a matter of days, with successive additional elements going live as the progress of integration projects allows.

Aspect Enterprise Solutions provides enterprise class market information, trade and decision support tools for energy, metals and commodities professionals. The company delivers near real-time position keeping, risk management, market prices and intelligence to users virtually anywhere, anytime.

Used by over 500 corporations in more than 80 countries, the company’s solutions routinely support more than US$10 billion of transactions every day.

AES applications include AspectCTRM®, its flagship full-featured commodity trading and risk management enterprise suite for front, middle and back office.