Reports 2013 CTRM Global Market Size | Page 3

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Products, functionality, and application modules excluded from this market sizing analysis include:
1) Logistical management capabilities not associated with core trading requirements, such as truck, rail or
ship tracking software,
2) Production modeling or optimization software for industries such as oil and gas production, mining or
agriculture,
3) Applications for managing physical facilities, such as power generation, mines, gas plants, pipelines,
refineries, mills or other processing plants, and
4) The modules or functional components of ERP applications (such as JDE, SAP and Oracle Financials) that
are not directly related to trading or commodity marketing activities,
5) Applications intended only to manage financial products (which may or may not include financial
commodities) and provide no capabilities for capturing, valuing or tracking physical commodities, and
6) Supply chain management and optimization applications that cannot capture, manage or value traded
commodities based upon their unique physical characteristics.
This CTRM market sizing study includes the following commodity classes: natural gas, power, oil and oil products,
coal, industrial metals, precious metals, agricultural commodities, softs, and others (including freight, RECs, and
other minor commodities).
Establishing a definitive size for any market, particularly one as complex as commodity trading and risk management,
is a difficult exercise and is impossible to complete with absolute certainty. Market sizing, being a forward looking
exercise, must be based upon numerous factors and assumptions, including overall economic conditions, forces
encouraging new market entrants, historical buying patterns of existing market participants, technology drivers
encouraging new purchases, and the number and capabilities of the product vendors available to meet the needs of
the market.
Despite these difficulties, we believe that our organization’s unique position in the market, that of highly experienced
analysts and market researchers focused exclusively on the intersection of the commodity trading markets and the
technologies that service those markets, provides us the market vision and insight necessary to compile a reliable
and accurate estimate of this unique and dynamic technology market.
Note: The market sizing figures presented in this study are our best estimates based on the methodology and
approach documented herein. They should be treated as estimates and are subject to change should additional
information become available.

© 2013 Commodity Technology Advisory LLC

Houston TX and Prague CZ