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Ship Broking : Tuesday 3rd October

14.00 - 14.30 Peter Anderson - Shipdesk.com


The Role of the Trading Platforms

by Peter Rygaard Andersen, Vice President, Marketing/PR, ShipDesk

Outline

All industry sectors strive for process efficiency improvements. Web technology enables businesses to streamline processes and share information at a fraction of the cost of using traditional technology. The introduction of web enabled transaction processes accelerates the pace of structural changes, and focuses businesses on value creation.

The role of intermediaries is changing, and the change is being accelerated by new technology.

Trading platforms aim to offer users cost savings. In ShipDesk’s view, a marketplace for the entire chartering industry must fulfil certain basic criteria:

  • The platform must be comprehensive in scope, supporting the decision-making processes from the early appraisal of a business proposal through to post-fixture and voyage completion.
  • The platform must be independent.
  • The platform must safeguard that transactions can be negotiated and completed in a secure and legally auditable environment.
  • Parties using a platform must be able to select to whom their positions are disclosed.
  • Supporting data must be delivered in context.
  • The data generated on the platform must be seamlessly integrated with the back-office systems operated by the users.
  • … and the platform must accommodate the needs of all market participant