What's Happening?
Amir Soufizadeh has been appointed to the leadership team of OrbicTrade, an AI-powered trade technology platform. Soufizadeh, who also holds a directorship at BBGC, brings extensive experience in commodity trading and management consultancy to OrbicTrade. The platform, with offices in Singapore and Dubai, aims to modernize trade capture processes using AI, integrating with existing commodity trading and risk management (CTRM) systems. OrbicTrade is focusing on scaling its enterprise footprint and enhancing its delivery and governance models to meet growing demand from trading and operations teams.
Why It's Important?
Soufizadeh's appointment reflects OrbicTrade's commitment to leveraging AI to transform the global commodities market. By enhancing trade capture processes,
the platform aims to increase efficiency and accuracy in trading operations, potentially setting a new standard in the industry. This development could lead to significant advancements in how commodity trading is conducted, with AI playing a central role in streamlining operations and reducing manual errors. The move also underscores the increasing importance of AI in financial and trading sectors, where technology is used to gain competitive advantages.
