VAKT’s recent successes with vSure in terms of adoption and trade volumes, as well as its plans to enter new markets, was recently discussed with CEO, Tasja Botha. Ms. Botha had told me that “Now, we have achieved 70% adoption in the NW European barge market. We have proven that we can handle the barge market and give our customer’s a good ROI with our three software products.” VAKT’s main focus is in “managing the entire post-trade physical energy lifecycle, primarily in oil, from one secure platform.” This growth is founded on good product management and focus according to Dale Becker, vSure Product Manager. Dale took me through the product roadmap for vSure as we discussed VAKT’s recent successes highlighting key initiatives along the way. An important foundation for vSure was the development of the similarity engine – which is the technology VAKT created to handle differences between systems and user trade capture habits, he explained. This key development allows vSure to match equivalent trades – one such example is where one party enters a trade with percentage tolerances while the other party enters it with tolerances expressed as absolute values, he told me. This has been in production for several months and has significantly… continue reading