Reports Disruptive Technologies in Commodity Trading | Page 13

Disruptive Technologies in Commodity Trading Markets
A ComTechAdvisory Report
Looking specifically at the management of the flood
of data now available, data management solutions
and strategies will continue to be an area of signifi-
cant investment and rapid growth for the foreseeable
future as firms try to find ways to collect and analyze
all types of data - from prices to unstructured data.
Given that the quality and accuracy of this data can
be highly variable depending upon its source, work
often needs to be performed to validate, check, con-
vert, and derive calculated values. When it comes to
consuming data, three things are important – auto-
mation (for collection and validation), visualization
and real-time capabilities.
said, without the ability to visualize data in its various
dimensions, these big data sources can be of little
value. Emerging developments in visualization tool-
sets, including virtual and/or augmented reality de-
vices, may hold the key to make better use of these
immense data resources and provide competitive
advantages to market participants. However, interest
in these technologies for commodities traders lags
other areas, with (as previously noted) less than 10%
of our respondents currently planning to invest in VR
over the next 12-24 months (Figure 1).
Given the increasing focus on data in the commodi-
ties markets, it’s unsurprising that the survey respon-
dents identified data mining and data management
vendors and providers as the most likely source for
bringing disruptive technologies/solutions to market
in the next 2 – 3 years (Figure 3).
Leading commercially available data management
tools can be used to collect and verify data via rules-
based automation. With such tools, users are able to
programmatically capture, verify and transform data
while maintaining a comprehensive audit trail. That
Figure 3: Over the Next 2-3 Years, Which group of technology/solution providers stand the best chance of developing or bringing
disruptive solutions/technologies to market?
Data Management
Consortia
CTRM
Platform
Global
ERP
0%
10%
20%
30%
Very Likely
40% 50% 60%
Likely Unlikely N/A
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70%
80%
90%
100%
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