TECHNOLOGICAL INNOVATIONS IN COMMODITY TRADING AND SHIPPING INDUSTRY
What is the future of commodities?
The commodity trading and shipping has started to move into the era of new technologies. In the past years, innovation has been growing rapidly: integrated trading system platforms, in depth big data analysis, block chains technology, compliance reporting, algorithmic trading, market price transparency, market modelisation and forecasting analysis.
New technologies are able to help forecasting weather for better crops or electricity consumption. Large amount of data are collected and need to be transformed for a better analysis. Companies want to have better control over their data in order to better manage their risks.
The shipping industry has becoming more and more competitive and data analytics can help freight trading decisions. Hedge funds bring more liquidity on the commodity market thanks to their complex algorithmic trading. Start-ups are building new tools to analyze large amount of data and consulting companies help trading firms in their technological transitions.
Today, performing IT systems have become indispensable for companies in order to remain competitive. Changes in government regulations are becoming more and more challenging for compliance and risk management reporting.
In the future, more decisions will rely on in-depth data analysis, electronic trading will be more used. We would like to present the current state of technological innovations in the commodity trading and shipping industry and to discuss the futures trends.
CTA, together with the participation of important players from the trading sector, opens the debate on this pertinent topic to address the challenges and opportunities facing the commodities industry in the future.