Strategy, innovation and opportunity for global trading venues, including stock, commodity, derivatives, futures and energy exchanges, MTFs and ATNs -- presentations and video content from our events, covering consolidation, regulation and compliance, the post-trade process, alternative revenue streams, commodities, derivatives, energy and OTC markets, market volatility and exchange technology advancements.
The World Exchange Congress: The world's largest strategy congress for global exchanges and trading venues. The Commodities & Derivatives Exchange World stream of the event provided senior trading venue executives from commodity, derivatives and futures exchanges with content dedicated specifically for their needs.
Hear Iris Weidinger, CFO, European Energy Exchange AG's presentation at the World Exchange Congress on "Mapping the commodities & derivatives exchange landscape: spotlight on energy markets" where she discusses:
- EEX, EPEX SPOT and ECC at a glance
- Mapping the European energy markets from an exchange point of view
- Key success factors for energy trading -- lessons learned
- Turkey: Towards a liberalised energy market
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Any exchange that hides the candidates exam results is very corrupt. The EEX demonstrates a serious lack of transparency and unprofessional behavior. I have met black people who have sat the EEX exam several times and strangly failed, despite already trading the european markets for years. When they ask the EEX for their exam papers to see how its possible they failed the EEX refused. They will NOT show you how good or bad you did in passing or failing their custom EEX exams. In other words, they take a look at your skin color and decide whether or not to allow you to join the EEX.
I have heard of corruption stories, bribes, extortion. Unfortunately from what I read and hear about in the news, colleagues and in the market. The EEX is nothing more than a modern day German organised crime gang with a set of twisted principles and goals.
Uploading contracts to an online database should not take too long, and with the right solution, there should be a way to quickly drag and drop them into folders. Of course, the contract management team may want to give some thought as to how those folders are categorized. In some industries, it may make sense to classify them by agreement type, whereas in others they may need to be grouped by timeframe or date. It is obviously important to do what makes sense for your company and to ensure everyone understands the classification system that is instituted. With this sort of well-oiled system in place, it is a lot easier to keep a handle on things.
Divide and Conquer.
This is another area that is very industry-dependent, but it is highly unlikely that any company can afford to have an entire contract team devoted to managing one portfolio. More than likely, it is more realistic to divvy up the team and the contracts so that there is a leader for each relevant sphere. The entire team will obviously have to coordinate and communicate, but resources must be allocated in the most efficient manner possible. In turn, this will allow for several individuals to keep an eye on a smaller batch of contracts, thereby facilitating those periodic reviews.
Outsource the Tedium to Technology.