After our previous post discussing the advantages of moving your database to cloud-based SQL Server, our series, 5 Reasons for Choosing Run Smart™ CTRM Managed Services, continues with Part 4. Today we write about how to ensure your system can handle unexpected outlier prices and other data.
We may never live to see crude oil prices tradeat negative $37 again, like we did in mid-April, but it is safe to say energy commodities will continue to fluctuate wildly over both the short and the long term. While the perfect storm that hit American crude futures may be a once-in-a-lifetime occurrence, it did expose weaknesses in several commodities trading risk management (CTRM) systems.
Many producers, refiners,, traders, investment funds, airlines, and major consumers of oil found themselves unable to process this unexpected data, creating errors in their reports and questions about how to manage their positions, credit, and risk.