CTRM / CM as an Architecture A ComTechAdvisory Whitepaper
In that regard, we believe the following statements need to be taken into account:
/ Transactions are best managed in a transactional data management environment; however, calculations are best handled differently using in-memory technology or other approaches.
/ The same data needs to be captured, analyzed, and reported on in multiple different ways to different users and third-parties.
/ Regulatory reporting is complex with questions regarding eligibility of trades and associated data to be reported, jurisdiction, and other issues. Unfortunately, much of the reporting structures will also change as second and third iterations of regulatory requirements like REMIT and EMIR appear.
/ Integration of different point solutions is more practically achieved in the context of an overall architecture.
/ Each commodity is different and simply building sufficient flexibility into a singular monolithic solution to provide all users and industry segments what they require, regardless of commodity, has proven extremely difficult and frankly, no vendor has actually accomplished it. A best of breed approach, even if those commodity-specific solutions are provided by the same vendor in a truly modular approach, is ultimately the correct path for most user companies.
/ A commodity-specific solution must also support the specifics of the supply chain for that commodity including logistics – the physical assets( vessels, warehouses, tanks, etc.), documentation, taxation, etc.
/ Users want and expect straight through processing, with no manual intervention as data moves between and among the“ modules”.
/ True connectivity / integration with a wide variety of other systems, organizations, and data sources will be required and must be facilitated by advanced integration tools – a goal long been sought but so often not delivered.
The architectural approach provides the detailed commodity-specific functionality( via point solutions) within a framework that extracts and consolidates common data, complex calculations, enterprise risk reporting, regulatory reporting, and corporate accounting.
In essence, most vendors in the CTRM space provide point solutions and parts of the architecture but few support the concept of CTRM as an Architecture today.
That being said, recent conversations with a few of the
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