CTRM and related software markets certainly appear to be booming now and one geographic region stands out as being very active. The Middle East and UAE have seen a great deal of activity when it comes to CTRM software with some vendors even opening offices there to enhance their prospects. Among them is ION, who according to Sunil Biswas, Chief Product Officer at ION Commodities, has seen considerable success there. “In the last five years numerous UAE-based organizations, particularly those located in the Dubai Multi Commodity Centre (DMCC) and Dubai International Financial Centre (DIFC) have selected ION as their preferred solution provider. They leverage our platform for trading, risk management, and operational efficiency. In the last 18 months alone, we have successfully onboarded over 25 customers in the UAE, with 90% registered in the DMCC”. The Middle East, as well as Singapore, has seen a great deal of activity and commodity trade in the last couple of years. ION puts this down to a couple of trends saying in a recent blog article that “energy and commodity markets are experiencing two significant shifts: a redirection of trade flows and a change in financing dynamics. The United Arab Emirates (UAE) emerged as a critical… continue reading
Continue reading ION Strengthens Its Presence in the Middle East as the Region Emerges as a Commodity Trading Hub. This article appeared first on CTRM Center.