A new study from Commodity Technology Advisory LLC (ComTech) finds
that spreadsheets continue to be a pervasive tool used in commodity
trading firms, despite their well-known shortcomings and high risk
profile. This new research report sought to quantify the use and risk of
spreadsheets in commodity trading, and the results indicate that more
than 90% of the respondents to the research survey indicated they
continue to utilize spreadsheets for some portion of their trading
activities.
“Despite the growing maturity of commercially available Commodity Trading and Risk Management software (CTRM) solutions, an increasingly active regulatory business environment and, the alarming number of horror stories involving spreadsheets in historical losses, mistakes and fraud, spreadsheets seem difficult to eliminate,” said Dr. Gary M. Vasey, Managing Partner, ComTech. “This research, prompted by the current round of regulation and controls, looks at the use of spreadsheets in commodity trading to discover how widespread and pervasive they are and why.”
Read more at Click here / www.trade4x.net
“Despite the growing maturity of commercially available Commodity Trading and Risk Management software (CTRM) solutions, an increasingly active regulatory business environment and, the alarming number of horror stories involving spreadsheets in historical losses, mistakes and fraud, spreadsheets seem difficult to eliminate,” said Dr. Gary M. Vasey, Managing Partner, ComTech. “This research, prompted by the current round of regulation and controls, looks at the use of spreadsheets in commodity trading to discover how widespread and pervasive they are and why.”
Read more at Click here / www.trade4x.net
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