Mitsubishi Corporation’s Energy Business Group is to implement TradeCapture’s ICTS Symphony to track and manage its global petroleum and gas assets, and global marketing and trading activities. ICTS Symphony is an integrated, multi-commodity trading and risk management system that supports all physical and financial transactions including exchange-based futures and OTC derivatives. The software helps clients to eliminate data entry and storage duplication and improve risk management, identifying trading opportunities and overall efficiency. ‘We felt it was the system that best matched Mitsubishi’s traditional physical-based trading style, while bringing us thoroughly up-to-date in a real-time commodity-based world,’ said Robert A. Nunan, Manager, International Petroleum Business Planning at Mitsubishi.
A report by broking group Marsh examines the repercussions from the administration of the South Korean company, which filed for bankruptcy protection at the end of August.
Global research by C2FO suggests that smaller businesses are less concerned with the repercussions of Brexit and the upcoming US presidential election.
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Early-stage merger and acquisition deals in Asia-Pacific show nearly 10% year-on-year growth in recent months.