TradeCloud Set to Revolutionize Pre and Post Trade Communication and Collaboration?

TradeCloud was started 5-years ago by four co-workers from companies like Trafigura who had a lot of expertise and a vision around digitalization in commodities. Its initial focus was on a communications platform for metals commercial users and, based on the success of developing that, a similar platform for energies like coal, oil, refined products, and so on. It has now also released a post-trade component that utilizes the blockchain and intends to connect to a wide range of third-party services and develop an API to connect to commercial CTRMs prior to the end of the year. This week, I had a briefing and demonstration from Matthew Bottell, COO of TradeCloud based in Switzerland. The first thing that Matthew is keen to point out is that TradeCloud is NOT a CTRM. It isn’t either. After seeing the demonstrations, it is essentially a communications and collaboration platform for commercial users and for post-trade stakeholders. The Metals and Energy apps allow negotiation, price discovery, digital contract generation, and complete KYZ processes with built-in secure chat. The post-trade platform called the TradeCloud Commodities Web (TCW) utilizes a shared ledger based on R3’s Corda solution and links all service providers and stakeholders together along… continue reading

Continue reading TradeCloud Set to Revolutionize Pre and Post Trade Communication and Collaboration?. This article appeared first on CTRM Center.