TradeCloud

TradeCloud is a digital communication solution designed specifically for the commodities industry. According to the vendor, it aims to streamline and digitize communication between trade counterparts and their service providers, providing a secure and auditable environment for all transactions. TradeCloud caters to small to large companies in the commodities industry, including commodity traders, brokers, analysts, supply chain managers, and logistics managers.

Key Features

TradeCloud Commodities Web (TCW): According to the vendor, this feature links all communications between trade counterparts and service providers in a secure and fully auditable environment, ensuring one version of the truth for all. It also allows for third parties to verify and update information in real-time, building trust and reducing the risk of fraud.

TradeCloud Metals (TCM): The vendor states that TradeCloud Metals is a bespoke commercial communications platform specifically designed for metals and minerals physical markets. It enables negotiation between trade counterparts, facilitates price discovery, and allows for digital contract generation. It also includes an in-built secure and compliant chat system linked to each deal.

TradeCloud Energy (TCE): Similar to TradeCloud Metals, TradeCloud Energy is a tailored commercial communications platform for the energy physical markets. According to the vendor, it supports negotiation between trade counterparts, facilitates price discovery, enables digital contract generation, and includes an in-built secure and compliant chat system linked to each deal.

Secure and Fully Auditable Environment: According to the vendor, this feature ensures that all communications and transactions on the platform are secure and auditable. It provides a transparent and traceable record of all activities, helping to prevent fraud and unauthorized access. It also enables easy verification and validation of information.

Real-Time Information Updates: The vendor claims that TradeCloud allows for real-time updates and verification of information, ensuring that all parties have access to the most up-to-date and accurate data. This feature aims to reduce the risk of errors and discrepancies and enable faster decision-making and response times.

Identity Confirmation: According to the vendor, TradeCloud confirms the identities of all participants on the platform, significantly reducing the risk of fraud and unauthorized access. This feature aims to enhance trust and credibility among trade counterparts and provides a secure environment for conducting business transactions.

In-Built Chat System: The vendor states that the in-built chat system allows for secure and compliant messaging between trade counterparts. It aims to facilitate efficient and effective communication within the platform, providing a centralized platform for all communication related to trades.

KYC Process: According to the vendor, TradeCloud implements a full KYC (Know Your Customer) process for enhanced security. This feature aims to ensure that all participants on the platform are verified and compliant with regulations, reducing the risk of fraudulent activities. It aims to enhance trust and transparency in the trading process.