{"id":18041,"date":"2024-04-11T03:35:14","date_gmt":"2024-04-11T07:35:14","guid":{"rendered":"https:\/\/www.comtechadvisory.com\/blog\/vakt-sees-trade-volumes-grow-significantly-expects-more-growth-in-2024\/"},"modified":"2024-04-11T03:35:14","modified_gmt":"2024-04-11T07:35:14","slug":"vakt-sees-trade-volumes-grow-significantly-expects-more-growth-in-2024","status":"publish","type":"post","link":"https:\/\/www.comtechadvisory.com\/blog\/vakt-sees-trade-volumes-grow-significantly-expects-more-growth-in-2024\/","title":{"rendered":"Vakt Sees Trade Volumes Grow Significantly \u2013 Expects More Growth in 2024"},"content":{"rendered":"
Vakt has seen on platform crude and refined products trade volumes grow exponentially in recent years. The massive growth in trade volumes is down to more customers integrating with the platform and customers going live in different markets, Edward Cheetham told us. \u201cThe most important market in those numbers is the global vessel trades and that includes for crude and refined products,\u201d he said. \u201cThe 2023 jump in trade volumes is directly due to global vessel trades going live as well as the activities of \u00a0significant new customers utilizing the platform, a reflection of the clear value that VAKT delivers to energy traders in the form of reduced transaction costs and increased settlement speed.\u201d Edward expects trade volumes flowed down through Vakt to continue to grow strongly. \u201cWe are launching other energy markets this year and we also expect several new customers to integrate and come onboard,\u201d he said. \u201cWe expect another substantial trade volume jump in 2024 \u2013 perhaps as much as another 50%.\u201d Indeed, Edward is extremely bullish about the platform because of new markets being integrated, new customers coming onboard, and existing customers expanding their use of the platform. VAKT is essentially a set of platforms that… … continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[4],"tags":[],"acf":[],"yoast_head":"\n