Moscow Exchange to start trading in grain in cloud by 2016

MOSCOW, Jun 30 (PRIME) -- The Moscow Exchange group will launch organized grain trading via cloud technologies, Sergei Polyakov, managing IT director, told reporters Tuesday.

“The commodity exchange will have a system that will work in a cloud. The grain market system will work on a cloud infrastructure. We plan to start trading at the end of 2015,” Polyakov said.

The system will allow users to conclude deals remotely and track all stages of their execution, starting from the transfer of grain to an elevator and to the delivery to a customer. The stock exchange will use capacities of an unnamed company focused on the provision of cloud services, Mikhail Orlenko, director of the bourse’s commodity market department, said.

All bids regardless of grain quality and settlement dates will be traded in a single auction, Orlenko said. The trading platform will allow users to set filters and see only the bids they are interested in.

“The new trading system will make possible to conclude grain sale deals without traditional trade blotters, but through a search for goods of interest, like it works in usual Internet stores,” Orlenko said.

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