The era of digital trading: New technologies to transform trading landscape
Commodity trading is no revolutionary activity; yet, the introduction of digital technologies over the last few years has enabled the development of a new environment and advanced practices, better aligned to meet the objectives of traders and investors.
Estimates show that about $10 trillion worth of commodities are produced and consumed per annum globally. Each of these commodities completes its cycle along the supply chain, but until now it had not been possible to integrate and exchange information between them.
The convenience and speed brought by the digitisation of trading opens the commodities markets to new classes of investors, with the need for more transparent and efficient commodity trading practices being addressed through open-sourced technologies. The very same disruptive technologies which are being deployed in various other industries, particularly prominent in fintech, can also make trading a more efficient and reliable undertaking.
The digitisation of trading includes the implementation of tech features into systems to allow better performance, as well as initiating a shift in the structure of assets themselves: digital assets are increasingly popular and comparable to traditional equity stocks, with the advantage of being more user-friendly and accessible.
“The new generation of digital technologies like AI, blockchain and Big Data, are very versatile.They can be deployed to various ends to meet different needs across virtually all industries. In the case of trading, these new tools add value to investor experience and nurture a more transparent and open environment,” says Stefania Barbaglio, Director at Cassiopeia Services.
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