Tag: trade

New Data Visualization Platform Gives Traders, Analysts Better Picture of Refinery Turnaround Market

Nov. 29, 2017, 02:30 AM SUGAR LAND, Texas, Nov. 29, 2017 /PRNewswire/ — Crude and oil product traders can now make more-profitable decisions on oil price momentum by using a new data visualization tool powered by global energy-information leaders IIR Energy (Sugar Land, Texas) and BlackLight Systems Ltd. (London, United Kingdom), the companies jointly announced today. BlackLight’s Refinery Outage Module will provide market-leading decision support and analysis for IIR Energy’s flagship PetroCast Live service. Market participants must subscribe to both BlackLight and IIR Energy’s services to access the new platform, which has been one year in development. “We are tremendously... continue reading

AOT Energy Deploys AspectCTRM In First Phase Of Planned Global Roll-Out

November 29, 2017 Aspect Enterprise Solutions, the leading provider of energy trade and risk management cloud software, announced today, that AOT Energy has successfully deployed AspectCTRM within its Belgium operations. It’s the first installation of a planned global roll-out to cover AOT Energy’s crude oil, gasoline and products business units. AspectCTRM is expected to become the central source of record for trade and risk management reporting across multiple trading offices located in Asia, Europe and North America. The solution streamlines its business worldwide in real time with a single point of entry for data, saving the company time and money.... continue reading

Australian grain exporter completes successful blockchain pilots

BY FINBARR BERMINGHAM successful blockchain pilots have been completed in Australia’s grain industry, which show that the technology can eliminate counterparty risk and track the provenance of agri produce. The work was completed by CBH Group, Australia’s largest co-operative and a grain exporter, and AgriDigital, an Australian company which develops blockchain-based solutions for the grain industry and which has developed a cloud-based commodity management system. The first pilot successfully created tokenised digital title for a commodity in exchange for digital dollar payment. This eliminates the burden of counterparty risk and payment security that traditionally faces farmers. Via AgriDigital’s platform, digital title... continue reading

Blockchain Technology Represents a New Frontier of Innovation in the Commodity Trading Industry

Arnaud Stevens, MD & Head of Global Energy and Commodities-Trade & Structured Finance, Americas, Natixis The distributed ledger technology represents a new frontier of innovation and should dramatically improve the way we do business in the energy and commodity industry. Digitization is radically reshaping the industry. Blockchain can support a wide range of applications, and it’s already being used for peer to peer payment services, supply chain tracking and more. We want to use blockchain to optimize the antiquated arena of commodity trade finance. The current process is based on the exchange of paper documents and is labor intensive; we... continue reading

SoOum Corp Launches Updated International Commodities Trading Platform

NEW YORK, Nov. 16, 2017 (GLOBE NEWSWIRE) — SoOum Corp. (OTCPINK:SOUMD) (OTCPINK:SOUM) (“SoOum” or “the Company”), a Physical Commodities Arbitrage Trading Company offering a web-based International Trade Platform, summarizes its mission and strategy for building corporate governance, and developing a revenue generating platform. The business model of SoOum Corp has always revolved around its ultimate mission- “MINIMIZE global scarcity, especially in Frontier and emerging markets.”  SoOum’s idea is to facilitate new business to local manufacturers, while helping in the global epidemic of hunger in various parts of the world. SoOum Corp is a “Physical Commodities International Trading” firm, specializing in arbitrage based transactions... continue reading

U.S. to account for most world oil output growth over 10 years: IEA

BONN, Germany (Reuters) – The United States is expected to account for more than 80 percent of global oil production growth in the next 10 years and it will produce 30 percent more gas than Russia by that time, he International Energy Agency (IEA) said on Thursday. “This has implications on the oil markets, prices, trade flows, investment trends and the geopolitics of energy,” IEA head Fatih Birol said at a U.N. climate conference in Bonn. He said the United States, whose upstream energy industry has seen a resurgence with the development of fracking technology, would become the “undisputed leader... continue reading

New Platform Targets Ferroalloys and Specialty Metals Trading

Last week, I had a call with Frank Jackel, founder of metalshub, to discuss this interesting initiative in more detail. According to its website, metalshub will provide a digital marketplace for metals and ferroalloys to promote a more efficient and liquid physical market. Established in 2016, metalshub is based in Düsseldorf, Germany but operates globally. It is an international team with team members from five different countries and extensive experience in physical metals trading and logistics. Indeed, Frank and his co-founder have been in the metals business for around 20-years, working for Anglo American and The Boston Consulting Group (BCG), and have... continue reading

Large corn, soybean, wheat trading volumes ‘down to growth of algo funds’

by Mike Verdin Growing levels of investor bets on corn, soybean and wheat derivatives, despite price weakness, reflects mounting interest in the market of algorithmic funds – which have overturned the dominance of swap traders. Ann Berg, a former director of the Chicago Board of Trade, said there was potential for trading volumes in corn and wheat, which set or approached record levels last year, “to match or exceed those levels” this year, although falling by about 15% for soybeans. Interest in options had been particularly strong, rising by some 30% for corn and 16% for whaet, agrowth which “probably... continue reading

Generation10’s Vision Takes Root

G10 has a surprising array of tools, applications, and services available to the commodities business and the company’s growth, at a time when others are retracting, is evidence that these are now finding market acceptance. CEO, Richard Williamson’s objectives for his company seem to us to be spot on with what the market is looking for and examples that we were shown demonstrate real world capabilities and use. To prove a point, I was given demonstrations of several such services. One solution I was shown was Gen10’s widely applicable In.specT platform that is being used by Intertek to map sustainability... continue reading

Boliden (SE) convinced: Dynamics 365 for operations and DycoTrade…

By the end of June a final contract between Boliden (SE) and DycoTrade has been signed, as Boliden has chosen to further develop their ERP platform. Boliden selected Microsoft Dynamics 365 for Operations in combination with DycoTrade to administer their business and business processes. Currently DycoTrade is working on the implementation for Boliden (Sweden, other countries). “A great win, for both Boliden and DycoTrade”, says Ouko Reitsema, Managing Director for DycoTrade. “Our continuous development in the DycoTrade software suite, both for Soft Commodities as well as Metals pays off”. As the latest version of DycoTrade is based on Microsoft Dynamics 365 for Operations (formerly Microsoft Dynamics AX)... continue reading

Lacima Targets the Trader’s Desktop with New Risk Tools

I recently spoke to Dr. Chris Strickland, CEO of Lacima. Lacima has today announced a new product line in Lacima Trader and he was keen to update us with regard to that launch. Lacima’s main product has been Lacima Analytics, which provides comprehensive functionality for risk management, valuation and optimisation in a single, modular application for global energy markets. Lacima Analytics has had good uptake across the industry and it bolsters the RM in ETRM, an area of weakness in many ETRM applications. However, Chris was keen to target the trader and pre-trade side of things with a similar suite... continue reading

Commodity Traders, Energy Majors and Banks Join Forces to Create a Blockchain-based Digital Platform for the Energy Commodity Trading Industry

LONDON, GENEVA, AMSTERDAM and STAVANGER, Norway, November 6, 2017 /PRNewswire/ — In a unique collaboration, several of the world’s largest trading houses, integrated energy companies and banks intend to create and invest in a new venture, which will be managed and operated as an independent entity. The new venture will develop a blockchain-based digital platform intended to modernise and transform post-transaction management of physical energy commodities trading, pending relevant regulatory approvals. The consortium participants are companies from: energy majors BP, Shell and Statoil; trading houses Gunvor, Koch Supply & Trading, and Mercuria; and banks ABN Amro, ING and Societe Generale.... continue reading

BP, Shell lead plan for blockchain-based energy trading platform

(Reuters) – A consortium including energy companies BP and Royal Dutch Shell will develop a blockchain-based digital platform for energy commodities trading expected to start by end-2018, the group said on Monday. Other members of the consortium include Norwegian oil firm Statoil, trading houses Gunvor, Koch Supply & Trading, and Mercuria, and banks ABN Amro, ING and Societe Generale. Blockchain technology, which first emerged as the architecture underpinning cryptocurrency bitcoin, uses a shared database that updates itself in real-time and can process and settle transactions in minutes using computer algorithms, with no need for third-party verification. Mercuria has been a... continue reading

NCDEX arm, IME ink deal to develop joint trading platform

AHMEDABAD, NOVEMBER 1:   The Iranian Mercantile Exchange (IME) and NCDEX e-Markets Limited (NeML), an NCDEX group company, have inked a memorandum of understanding to develop a joint trading platform for commodities trade between India and Iran. The agreement is aimed at creating a joint e-trading platform for the trading of commodities from Iran to India and vice-versa. The trading platform will begin its operation with spot trading of bitumen, an industrial commodity, from Iran to India. Going forward, a futures contract for bitumen will also be developed. Also, other commodities such as soyabean, maize and rice have huge scope of... continue reading

ION Enters Definitive Agreement to Acquire Aspect

OCTOBER 30, 2017 Aspect, a global provider of cloud-based solutions for commodity trade and risk management, commodities data and decision support, has entered into a definitive agreement to be acquired by ION Investment Group, the companies announced today. Andrea Pignataro, ION’s CEO, said “The acquisition of Aspect increases our footprint in commodities and our portfolio of SaaS solutions.” “ION’s long-term approach to product development and strategy is ideal for our culture of continuous innovation. I’m excited for what the future holds as we continue to expand our cloud offerings that enable our customers to solve their business challenges quickly and... continue reading

Fees on OTC trade that use LME prices could be postponed

LONDON (Reuters) – The London Metal Exchange could defer its plans to charge fees on over-the counter contracts that reference LME prices because many of its members are on deadlines to get their systems ready for new European Union rules. The 140-year-old exchange announced last month it would start charging a new OTC fee in January balanced by cuts of other fees crucial to its physical user base designed to lure back volumes.  The Markets in Financial Instruments Directive (MiFID II) that comes into force in January 2018 across the EU, aims to apply lessons from the 2007-09 financial crisis... continue reading