Reports The Use of Spreadsheets in Commodity Trading | Page 10

The Use of Spreadsheets in Commodity Trading – 2015

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SUMMARY
Spreadsheets have historically been found to be the root
cause of many problems and issues in financial and commodity trading and yet, despite numerous stories of how
their use has negatively impacted numerous companies,
they continue to be widely used. In today’s increasingly
scrutinized and regulated trading environment, the use
of spreadsheets poses an ever-increasing risk of error,
fraud or manipulation. Nonetheless, the results of our
survey suggest that spreadsheets remain difficult to displace for a variety of reasons, including:
// Convenience and ease of use,
// Low cost, yet relatively effective as a solution vehicle,
// Habit – they have always bee