Houston-based petroleum, biofuel and agricultural commodities trader Tuscan Petroleum has deployed Aspect TradeFlo, the unique Web-based trade and risk management solution from Aspect Enterprise Solutions.

The move allows Tuscan, which also has sites in Switzerland and Venezuela, to make faster, better informed trading decisions with instant access to deal-capture, P&L, VaR and exposure information along with real-time market prices.

TradeFlo is highly flexible, aimed at smaller trading operations that want to grow. It starts as a trade management solution to which new functionality is added flexibly through extra modules. At Tuscan it replaces a previously manual system built around spreadsheets, delivering much improved robustness and control.

Wholly Web-based, TradeFlo is fast to implement and fast for traders to learn, in many companies going live within a week. It can be readily scaled to more users, extended with new functionality or migrated to Aspect’s full-featured Aspect ETRM enterprise trade and risk management system.

“TradeFlo is proving to be ideal for our developing needs,” says Tuscan Petroleum’s Philip Collishe. “Our three-office installation went quickly and smoothly and we now have complete visibility of our position from trading through to back office. As we grow, TradeFlo will grow with us.”

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