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by KyleManuel 813 days ago
We have had this thought was well. It's tough to go into a vertical with software because you end up with tools that make it easier to get an edge, and then why not just trade yourself?

Generally, we just enjoy building software and it suits our personalities better. But we do believe that it is a good benchmark for our product to think, "could we use our tools to have a better edge in the market if we were a trade house."

Great question!

1 comments

Right, fair enough. It does seem like some of the very big trading houses (glencore, trafi etc) could be built from scratch with a modern stack.
Yes, this is true, they often do invest internally to create their own tools.

We believe however that we offer better tools at a cheaper price and can get it into their hands now!

I really doubt that, trade capital and relationships are what define those houses, not their tech stack. Some of them are already pretty advanced from an in-house development perspective and could compete with the best of commercial-ready in the market trading platforms and data sources.
Yup, I should have worded that a bit more carefully. It would appear to me that they could be rebuilt, but still need the key ingredients of a trading house.
for what i have seen in the demo it looks very very good. And I agree with a teak here and there this sw can be adopted by a range of trading houses of any kind of commodity, including the big ones with refineries. The difficulty in building systems like these, even if AI driven, is the myriad of business rules and the different specifics of each commodity trading.