Tech could stop future commodity trading blowouts, improve trader margins - TradeCloud COO

TradeCloud chief operating officer Matthew Botell says technology solutions are there to help commodity traders amid thinning margins and sliding credit availability, if market participants are just willing to give them a try.

Botell - former Coo of Trafigura's metals and bulks division - set up the fintech company as a platform for securing commodity business in 2016 with Simon Collins who held the head of metals and minerals position at Trafigura for four years.
This year the company moved into trade execution and surrounding services with TradeCloud Commodities Web and will soon include goods tracking with Roambee, E-documents with Bolero and letters of credit (LC) services through Contour, Botell told Fastmarkets, adding that the product has been designed to allow most service providers to plug into the system.

This comes during a...

Published

Archie Hunter

November 09, 2020

17:05 GMT

London