All commodity trading professionals have at some point run up against the limitations of the mediocre software that was supposed to support them. A full 80% of all CTRM system implementations fail and even in cases that succeed, traders feel huge pressure to fit their processes into the possibilities offered by the software. The high license costs and long, costly implementations meant that up until 2010, CTRM software was only an affordable luxury for larger companies. Others had no other option than to use spreadsheets.
In 2009, a group of experienced commodity trading and risk management professionals decided to create an alternative. Their mission was not just the next generation of CTRM systems, but a solution that would truly meet the users’ business and technical needs. Based on this vision, they founded Agiboo and started work on a commodity trading solution that they would want to use themselves; that would be useful and affordable for small and medium-sized companies.
Over time, the Agiboo team expanded to include a variety of international professionals with extensive expertise in commodity business processes. Headquartered in Almere, the Netherlands, Agiboo’s staff works together from various international locations using agile development processes and state-of-the-art software technology. The combination of decades of experience in commodity trading with technology-savvy developers has resulted in Agiblocks, a revolutionary CTRM Software solution that matches the initial vision of Agiboo’s founders.
