The introduction of the Commodity Analytics Cloud suite has also proven to be well-timed both with respect to cloud adoption but also with respect to a growing demand for vendor-agnostic , enterprise risk overlays providing visualization and enhanced analysis of increasing amounts of data . As ComTech has pointed out in the past , as the fundamentals of trading change and oversight becomes more intense and invasive , visibility across all aspects of the business must improve :
→ Market visibility – market awareness driven by data and a vigilant eye on macro trends . Strategies must be formulated around macro trends and managed on market data and real-time or near real-time analysis .
→ Internal visibility – profit is made or lost on daily decisions . Accurate and timely position management , risk management and business intelligence support is key to ensure opportunities are exploited and risks addressed
→ Regulatory visibility – regulators will be quick to move and once on their radar , you will be a target of scrutiny for a very long time . Developing a culture of compliance and visibility for regulators is key to avoiding punitive attention and actions
The chances of succeeding in the market will be dependent upon trading technologies such as CTRM , Optimization software , data aggregation and analysis , trading surveillance , BI , and reporting . This is where Eka has a strong competitive advantage moving forward and it appears to be bringing on board the expertise and talent to leverage its position .
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Early adoption of cloud technologies and visualization tools means that Eka will be able to leverage the buying trend for cloud-deployed products very effectively Eka ’ s Commodity Management strength in agricultural supply chains – particularly grains – means that the vendor is well positioned to compete in ags & softs markets going forward and ComTech still expects these markets to grow strongly in the future Eka has competed well in North America with its energy product and , according to the company , they have developed new European functionality that could open a large , new market to add to its current growth The Commodity Analytics Cloud product is beyond proof of concept and appears to fill a need gap in the market . It has few competitors as of yet and it could be the Eka ’ s early to market position can be turned into a dominant position
Though recently improved , continued commodity price weakness , particularly in metals and ags could impact technology sales in the coming years . Lack of energy customers in European and other non-north American markets is a significant gap in Eka ’ s customer portfolio
� It is still early in terms of market adoption for large-scale cloud CM / CTRM solutions and also for the Analytics solution . Either could yet fail or suffer an unexpected issue such that Eka is unable to meet its full potential . ____________________________________________________________________________________________________________
About ComTech Analyst Briefing Notes
Commodity Technology Advisory ( ComTech ) is the leading analyst organization covering the Energy and Commodity Trading and Risk Management ( E / CTRM ) technology markets . We provide invaluable insights , backed by primary research and years of experience , into the issues and trends affecting both the users and providers of the applications and services that are crucial for success in markets constantly roiled by globalization , regulation and innovation .
ComTech Analyst Briefing Notes are intended only to provide an overview of a technology , vendor or product of interest in the Commodity Trading and Risk Management market space . These Notes are not an endorsement of any product or vendor and should be viewed only as an additional source of information or data relating to the covered topic .
Disclosures : At the time of this writing , Eka is a customer of Commodity Technology Advisory and the company ’ s management cooperated in the preparation of this ComTech Analyst Briefing Note . ____________________________________________________________________________________________________________
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