commoditylogic com mike conversation things thought speaking tom gros definitely challenges overcome make hub idea within commoditylogic com successful enrononline rather turn like sitara repeat thoughts split cl enron let put shoes somebody external presented potential solution well easy decision somebody else hard work charging us much sign rely anything see everything working handling counterparties using system challenge final solution world overybody using hub wonderful everybody using hub keep procedures systems going stretches resources development support user decided delay getting bolero concept wonderful value user dependent everyone else one trades using system classic chicken egg tom vision cl providing staff handle taking us closer outsource andersen consulting model certainly achievable although quite easy sell much resource left latest project always tends attract imaginative people therefore available keeping everything else going moving onwards accept resource dedicated cl review left remaining environment mean hold anything increasing volume means might end incurring costs massive numbers people go costing happens completely stop development x project shows one would need 200 clerks 3 years something else comes along may cheaper developing hope cases start small prove concept e g first application april 2001 covers 20 fields excellent shout loud investors cl internal back office costing need acknowledge years switch many internal systems might limit payback period projects part strategy 3 years include european aspects beginning really difficult long one long common sense europeans brits involved specification development beginning example look enpower took year allow currencies etc 80 20 rule types transaction eol shown benefits focussing simpler products first robust warehouses collecting accounting dtl risk risktrac numbers think vanilla products stp yet become vanilla products explicitly different manual approaches time strong desire include many different prodcuts possible given commodity one system makes separating vanillas others complicated costly think certain deals power 99 approximations actual deals manually tweaked every often testing tom first thought could leverage initial users would pay much testing eol clearly got testing done experience shows order anything saves time one really need different phases component system integration end end user acceptance eol saw confidentiality issue therefore unable use many external users early process massive resource commandability obtained input many traders support functions sufficient slack able provide sort user attention given often hear short people strikes something london would require significant additional resource even mg absorbed else come richard