January 2023 – Cometa selects Fendahl’s Fusion CTRM Solution; head office located in Geneva, Switzerland.
Cometa’s core business is commodity trading, focusing on thermal coal, using its expertise to leverage the sought-after opportunities to fulfil global demand.
During the second half of 2022, to better manage the risk associated with a growing commodity trading business, Cometa carried out a highly competitive Commodity Trading Risk Management (CTRM) system evaluation process. This detailed process resulted in the selection of Fendahl’s Fusion CTRM solution to meet Cometa’s commodity risk management needs.
Some of the key decision factors that resulted in this selection included:
- Fendahl presented a close fit to Cometa’s required functionality. Additionally, Fendahl demonstrated vast commodity trading and risk management expertise and a comprehensive knowledge of industry business best practices
- Fendahl demonstrated a track record of successful implementations for similar commodity types
- Fusions modern interface and inbuilt, easy to use reporting capability
- Fendahl provided quality references from existing clients, providing confidence in Fendahls’ ability to deliver and meet customer expectations
Having started implementation work in November 2022, Fendahl and Cometa are working towards a go live at the end of January 2023.
Cometa is a dynamic energy group that lowers the barriers to investment and trade in the commodity sector, and moves commodities across the globe. With their exclusive off-take agreements, entrenched supplier and logistics network, and numerous export allocation slots, the Cometa Group is uniquely positioned within this field.