Trammochem Aims For Higher Profits With OILspace Trade And Risk Management Solution

London, February 27, 2008

Global petrochemicals trader Trammochem is expecting a raft of benefits from its move to Aspect TradeFlo, the unique trade and risk management solution from on-demand web-based applications leader OILspace.

Trammochem, which trades around two millions tons a year of Aromatics, Methanol and Olefins in addition to other specialized chemicals, has deployed TradeFlo for its real-time market prices, simpler and more robust deal-capture, and instant access to profit and loss, value-at-risk and exposure metrics.

“These unique TradeFlo features translate into some significant advantages for us as trading volumes continue to grow,” explains one of Trammochem’s traders. “TradeFlo has enabled us to reduce the inefficient and complicated use of multiple spreadsheets and move to a more simplified and altogether more accurate and transparent way of capturing trades. Our pricing information is real-time, enabling our traders to make better informed decisions. They spend more time trading and servicing customers and less time checking and correcting mistakes. All of this means we have become an even more competitive and customer-focused operation with the ability to generate increased profits.”

Trammochem is a member of the fertilizer-to-LPG-to oil Transammonia Group. Ranked 33 rd among America’s top 500 private companies by Forbes Magazine in 2006, turnover from all Transammonia Group operations exceeds $5.7 billion.

TradeFlo is highly flexible. It starts as a trade management solution to which functionality is added flexibly through extra modules. It combines the ease of use of spreadsheets with a full range of deal capture, position management, exposure, P&L and VaR tools, yet offers a much simpler way of configuring accounts to different clients' needs.

A wholly online application, TradeFlo is fast to implement and for many companies is live and working within a week. It is also easy to learn and requires no specialist on-site support resource. Traders can typically be using the system within a week. It can be readily scaled to more users, extended with new functionality, or migrated to OILspace’s more comprehensive and full-featured Aspect ETRM enterprise trade risk management system.

Being Web-based rather than Web-linked, TradeFlo instantly updates with the latest energy market and pricing information from leading sources like NYMEX, ICE and other market reporting services. It uses the same technology as, and shares an online portal with OILwatch, OILspace’s market data and decision support center, which is relied on by thousands of buyers, sellers, traders, analysts and back-office personnel around the world.

Commenting on the latest deal, OILspace president and chief executive officer Steve Hughes says it underscores how smaller and medium-sized organizations are grasping the opportunity created by TradeFlo. "TradeFlo has leveled the playing field, bringing full-feature trade and risk management within reach of any size business and at the same doing away with the need for specialist IT staff to run and maintain it."

OILspace offers no-obligation, no-cost online demos. To request a demo of AspectTradeFlo, visit this link http://www.oilspace.com/eng/promos/tradeflo/

About OILspace®

OILspace is a leading global provider of real-time on-demand, web-based applications for energy marketing and supply operations. Launched in 1999, OILspace solutions now run through over 400 companies of all sizes and roles within the energy supply chain. OILspace has a proven track record for delivering scalable solutions that produce measurable returns-on-investment (ROI).

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