VAKT, a leader in the provision of energy post trade technology services, is pleased to announce the appointment of Tasja Botha as its new CEO. Tasja brings over 25 years of experience in managing global software businesses in the financial technology industry, in domain areas such as trading systems, C/ETRM, treasury, risk & compliance and electronic transactions.
SGS, the world’s leading global testing, inspection and certification company, and VAKT, the commodities post-trade platform, are pleased to announce the launch of VPD (VAKT Product Database), the first-ever reference dataset for traded refined products and crude grades.
VAKT today announces that the first-ever physical oil trade confirmations are being conducted using the VAKT technology. Gunvor Group and TotalEnergies Trading SA (TOTSA) lead this industry first, with more counterparties to follow.
VAKT Global today announces two new investors: Argus Media Limited and S&P Global Commodity Insights, which includes S&P’s Platts price benchmarks. Both have acquired a minority stake.
A commodity transaction is a promise to deliver a specific grade of the commodity at a given location, at an agreed date in the future. Physical trading is therefore an exchange of promises, where typically buys and sells can be offset (and sometimes “booked out”) if the parameters of the trades (grade, location, delivery period) are sufficiently generic.
We are pleased to announce that Bureau Veritas, a world leader in laboratory testing, inspection and certification services, has joined the VAKT platform.
VAKT client Gunvor Group’s global head of operations Andrew Archer explains why the energy and commodities trading industry needs to adopt digitalisation platforms sooner rather than later, as a convergence of factors means paper-based processes are becoming not only obsolete but a threat to business, while on the flip side, technological advances are paving the way for a brighter future.
VAKT today announces that AmSpec has joined the platform. This is an important milestone since it means that traders can now communicate global inspection nominations to AmSpec, and AmSpec can return the results, all within the VAKT environment. AmSpec join a growing list of trading companies and ecosystem participants active on VAKT.
Etienne Amic, CEO of VAKT, discusses what the new year holds for technology adoption within the commodity trading space, and outlines the role the blockchain platform for commodity post-trade management will play in creating a digital ecosystem for the future.
As the world’s race to net zero by the middle of this century gets underway, ensuring the transition away from hydrocarbons towards low-carbon sources is as sustainable as possible has become of vital importance.
Long one of trade’s digital laggards, the commodity sector is quickly picking up the pace amid a perfect storm of high costs, new challenges and a tough economic backdrop. End-to-end digitalisation provides opportunities to regain lost trust with financiers, and monitor and improve ESG performance. With the industry under pressure to reduce costs and increase efficiencies, the digitalis
Martin Fraenkel, former President & CEO of S&P Global Platts, appointed as Independent Chairman of the Board of VAKT.
The business of trading oil has and always will be at its heart a logistics business. Capturing value in space and time requires a market analysis team to identify an opportunity, a trader to agree and take responsibility for the trade, and then a team of operators to turn the plan into a profit.
LONDON – January 28th, 2020 – VAKT, the company re-imagining commodity post-trade processing underpinned by blockchain, welcomes Saudi Aramco Energy Ventures (SAEV) as its latest ...
LONDON – February 13, 2019, – VAKT, the company re-imagining commodity post-trade processing underpinned by blockchain, today announces the appointment of Etienne Amic as its ...
LONDON – January 16, 2018, – VAKT, the company re-imagining commodity post-trade processing underpinned by blockchain, today announces investment from three new strategic investors: Chevron, Total ...
LONDON – NOVEMBER 29, 2018 – VAKT, the company re-imagining commodity post-trade processing underpinned by blockchain, has launched its platform in its first market. Participants in ...
VAKT are pioneering the development of an industry-wide post-trade processing platform for commodities through blockchain, today announces that it has joined the Enterprise Ethereum Alliance (EEA), th
LONDON – JUNE 18, 2018 – VAKT, an independent company focused on creating an industry-wide post-trade processing platform for commodities through blockchain, announced today its launch and ...
LONDON, GENEVA, AMSTERDAM and STAVANGER, Norway, November 7, 2017 /PRNewswire/ — In a unique collaboration, several of the world’s largest trading houses, integrated energy companies and banks intend
VAKT, a leader in the provision of energy post trade technology services, is pleased to announce the appointment of Tasja Botha as its new CEO. Tasja brings over 25 years of experience in managing global software businesses in the financial technology industry, in domain areas such as trading systems, C/ETRM, treasury, risk & compliance and electronic transactions.
SGS, the world’s leading global testing, inspection and certification company, and VAKT, the commodities post-trade platform, are pleased to announce the launch of VPD (VAKT Product Database), the first-ever reference dataset for traded refined products and crude grades.
VAKT today announces that the first-ever physical oil trade confirmations are being conducted using the VAKT technology. Gunvor Group and TotalEnergies Trading SA (TOTSA) lead this industry first, with more counterparties to follow.
VAKT Global today announces two new investors: Argus Media Limited and S&P Global Commodity Insights, which includes S&P’s Platts price benchmarks. Both have acquired a minority stake.
We are pleased to announce that Bureau Veritas, a world leader in laboratory testing, inspection and certification services, has joined the VAKT platform.
VAKT today announces that AmSpec has joined the platform. This is an important milestone since it means that traders can now communicate global inspection nominations to AmSpec, and AmSpec can return the results, all within the VAKT environment. AmSpec join a growing list of trading companies and ecosystem participants active on VAKT.
Martin Fraenkel, former President & CEO of S&P Global Platts, appointed as Independent Chairman of the Board of VAKT.
LONDON – January 28th, 2020 – VAKT, the company re-imagining commodity post-trade processing underpinned by blockchain, welcomes Saudi Aramco Energy Ventures (SAEV) as its latest ...
LONDON – February 13, 2019, – VAKT, the company re-imagining commodity post-trade processing underpinned by blockchain, today announces the appointment of Etienne Amic as its ...
LONDON – January 16, 2018, – VAKT, the company re-imagining commodity post-trade processing underpinned by blockchain, today announces investment from three new strategic investors: Chevron, Total ...
LONDON – NOVEMBER 29, 2018 – VAKT, the company re-imagining commodity post-trade processing underpinned by blockchain, has launched its platform in its first market. Participants in ...
VAKT are pioneering the development of an industry-wide post-trade processing platform for commodities through blockchain, today announces that it has joined the Enterprise Ethereum Alliance (EEA), th
LONDON – JUNE 18, 2018 – VAKT, an independent company focused on creating an industry-wide post-trade processing platform for commodities through blockchain, announced today its launch and ...
LONDON, GENEVA, AMSTERDAM and STAVANGER, Norway, November 7, 2017 /PRNewswire/ — In a unique collaboration, several of the world’s largest trading houses, integrated energy companies and banks intend
The business of trading oil has and always will be at its heart a logistics business. Capturing value in space and time requires a market analysis team to identify an opportunity, a trader to agree and take responsibility for the trade, and then a team of operators to turn the plan into a profit.
Long one of trade’s digital laggards, the commodity sector is quickly picking up the pace amid a perfect storm of high costs, new challenges and a tough economic backdrop. End-to-end digitalisation provides opportunities to regain lost trust with financiers, and monitor and improve ESG performance. With the industry under pressure to reduce costs and increase efficiencies, the digitalis
As the world’s race to net zero by the middle of this century gets underway, ensuring the transition away from hydrocarbons towards low-carbon sources is as sustainable as possible has become of vital importance.
Etienne Amic, CEO of VAKT, discusses what the new year holds for technology adoption within the commodity trading space, and outlines the role the blockchain platform for commodity post-trade management will play in creating a digital ecosystem for the future.
VAKT client Gunvor Group’s global head of operations Andrew Archer explains why the energy and commodities trading industry needs to adopt digitalisation platforms sooner rather than later, as a convergence of factors means paper-based processes are becoming not only obsolete but a threat to business, while on the flip side, technological advances are paving the way for a brighter future.
A commodity transaction is a promise to deliver a specific grade of the commodity at a given location, at an agreed date in the future. Physical trading is therefore an exchange of promises, where typically buys and sells can be offset (and sometimes “booked out”) if the parameters of the trades (grade, location, delivery period) are sufficiently generic.
We can’t wait to show you VAKT in action.
Schedule a meeting with us and we’ll demonstrate how a VAKT integration connects you directly with your counterparts and ecosystem partners for fast, secure, sharing of accurate data.
