S.E.T. Select Energy GmbH deploys AspectCTRM® For Front-To-Back Office Automated Trading

S.E.T. Select Energy GmbH is to deploy automated commodities trading and risk management by Aspect Enterprise Solutions (AES), aiming to accelerate growth in its already fast-moving international trading arm.

The software as a service (SaaS) based AspectCTRM will give S.E.T. a complete front-to-back office solution from automated deal capture right through to invoicing, as well as generating management and mark to market reports, and consolidating reference data for instant on-screen access.

S.E.T. product trader Nino Mendiburu says he and his colleagues have until now relied on a non-integrated infrastructure including spreadsheets and are expecting the AspectCTRM deployment to enable them to more effectively manage a growing volume of trades. “We’re confident we’ve chosen the right solution. AspectCTRM gets great reviews from other trading houses and we had particularly detailed feedback from another Hamburg based trading firm where AspectCTRM has recently been installed.

“They told us that because the AES solution is delivered on the SaaS model it had proved very cost-effective when compared with alternatives and had been very quick to deploy. Functionally, it is liked by traders because they quickly appreciate the support it gives them without the need for lengthy training.”

Privately owned and based in Hamburg, S.E.T. Select Energy GmbH has spent 26 years building oil and oil products trading, , shipping, storage, refining, processing and downstream operations, as well as developing natural gas and LPG supply businesses in WesternEurope.